Brokerages Set Denison Mines Corp. (NYSEAMERICAN:DNN) Target Price at $3.00

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) have been assigned a consensus recommendation of “Strong Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a buy recommendation and four have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $3.00.

Several brokerages recently weighed in on DNN. Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. National Bank Financial raised Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 25th. CIBC assumed coverage on Denison Mines in a research report on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 price objective for the company. Finally, StockNews.com raised shares of Denison Mines to a “sell” rating in a research report on Wednesday, July 31st.

Hedge Funds Weigh In On Denison Mines

A number of hedge funds and other institutional investors have recently modified their holdings of DNN. Toronto Dominion Bank raised its stake in shares of Denison Mines by 55.5% in the 3rd quarter. Toronto Dominion Bank now owns 37,266 shares of the basic materials company’s stock valued at $68,000 after acquiring an additional 13,297 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Denison Mines by 8.8% during the 3rd quarter. Geode Capital Management LLC now owns 420,723 shares of the basic materials company’s stock worth $769,000 after purchasing an additional 34,192 shares in the last quarter. Segra Capital Management LLC boosted its stake in Denison Mines by 124.8% in the 3rd quarter. Segra Capital Management LLC now owns 18,268,562 shares of the basic materials company’s stock valued at $33,431,000 after buying an additional 10,140,540 shares in the last quarter. Impala Asset Management LLC bought a new stake in shares of Denison Mines in the 3rd quarter worth about $1,076,000. Finally, Continuum Advisory LLC grew its stake in Denison Mines by 78.5% during the third quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company’s stock worth $61,000 after buying an additional 14,688 shares during the last quarter. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mines Price Performance

NYSEAMERICAN DNN opened at $2.37 on Tuesday. The firm has a 50-day moving average of $1.99. Denison Mines has a 12 month low of $1.40 and a 12 month high of $2.47. The firm has a market capitalization of $2.12 billion, a PE ratio of -238.00 and a beta of 1.69.

Denison Mines Company Profile

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.