Denison Mine Corp (NYSEAMERICAN:DNN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $5.38.

A number of analysts recently issued reports on the company. Royal Bank Of Canada initiated coverage on Denison Mine in a research report on Monday, July 13th. They issued an “outperform” rating on the stock. Jefferies Financial Group assumed coverage on shares of Denison Mine in a report on Thursday, September 3rd. They set a “buy” rating on the stock.

Institutional Investors Weigh In On Denison Mine

A number of institutional investors have recently made changes to their positions in DNN. Van ECK Associates Corp grew its position in shares of Denison Mine by 22.4% during the 2nd quarter. Van ECK Associates Corp now owns 87,521,620 shares of the basic materials company’s stock worth $267,557,000 after purchasing an additional 16,013,484 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Denison Mine by 275.0% during the 1st quarter. Renaissance Technologies LLC now owns 9,455,713 shares of the basic materials company’s stock worth $33,379,000 after buying an additional 6,934,400 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Denison Mine during the second quarter worth about $16,541,000. Bank of America Corp DE bought a new position in Denison Mine in the 2nd quarter valued at approximately $13,237,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Denison Mine in the 2nd quarter valued at $12,507,000. Institutional investors own 36.74% of the company’s stock.

Denison Mine Price Performance

Shares of DNN opened at $2.59 on Thursday. The company has a quick ratio of 9.14, a current ratio of 9.41 and a debt-to-equity ratio of 2.38. Denison Mine has a twelve month low of $2.20 and a twelve month high of $4.43. The company has a 50 day moving average of $3.10 and a 200-day moving average of $3.30. The stock has a market capitalization of $2.34 billion, a P/E ratio of -11.77 and a beta of 1.24.

About Denison Mine

Denison Mines Corp. is a uranium exploration, development and production company focused primarily on the Athabasca Basin in northern Saskatchewan, Canada. The company’s activities include the acquisition, evaluation and advancement of uranium mineral properties, with an emphasis on projects that could support future uranium production.

Denison’s flagship asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Phoenix is being advanced as an in-situ recovery project, while Gryphon is being evaluated as an underground mining operation.