Denison Mines Corp. (NYSEAMERICAN:DNN) Receives $2.93 Consensus Target Price from Analysts

by · The Cerbat Gem

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) have been assigned a consensus rating of “Strong Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $2.93.

DNN has been the topic of a number of recent research reports. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 25th. CIBC initiated coverage on shares of Denison Mines in a research note on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 price objective on the stock. Roth Mkm initiated coverage on shares of Denison Mines in a research note on Thursday, June 27th. They issued a “buy” rating and a $2.60 price objective on the stock. Roth Capital raised shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, June 27th. Finally, National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd.

Get Our Latest Analysis on DNN

Institutional Trading of Denison Mines

Several hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in Denison Mines in the third quarter worth about $154,000. Cetera Investment Advisers increased its holdings in Denison Mines by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 923,715 shares of the basic materials company’s stock worth $1,838,000 after acquiring an additional 22,405 shares during the period. Point72 Asset Management L.P. boosted its holdings in Denison Mines by 0.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 10,135,800 shares of the basic materials company’s stock valued at $20,170,000 after purchasing an additional 46,000 shares during the period. Lloyd Harbor Capital Management LLC boosted its holdings in Denison Mines by 168.5% in the 2nd quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company’s stock valued at $12,288,000 after purchasing an additional 3,875,016 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Denison Mines by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 689,160 shares of the basic materials company’s stock valued at $1,378,000 after purchasing an additional 13,144 shares during the period. Institutional investors own 36.74% of the company’s stock.

Denison Mines Price Performance

NYSEAMERICAN:DNN opened at $1.96 on Monday. The firm has a market capitalization of $1.75 billion, a PE ratio of 28.00 and a beta of 1.70. The business has a fifty day moving average of $1.98. Denison Mines has a 12 month low of $1.40 and a 12 month high of $2.47.

Denison Mines (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) last released its quarterly earnings data on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). Denison Mines had a net margin of 950.42% and a return on equity of 9.45%. The firm had revenue of $0.97 million for the quarter, compared to analyst estimates of $0.80 million. On average, research analysts forecast that Denison Mines will post -0.06 EPS for the current year.

About Denison Mines

(Get Free Report

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.

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