Denison Mines Corp. (NYSEAMERICAN:DNN) Receives Consensus Rating of “Strong Buy” from Analysts

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) have been given a consensus recommendation of “Strong Buy” by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a buy rating and four have issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $3.00.

A number of analysts have recently commented on the company. Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. CIBC began coverage on Denison Mines in a research report on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 price objective on the stock. Roth Mkm reiterated a “buy” rating and issued a $2.75 target price (up from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 25th.

Institutional Investors Weigh In On Denison Mines

A number of hedge funds have recently bought and sold shares of DNN. Segra Capital Management LLC lifted its position in shares of Denison Mines by 124.8% during the 3rd quarter. Segra Capital Management LLC now owns 18,268,562 shares of the basic materials company’s stock worth $33,431,000 after purchasing an additional 10,140,540 shares during the last quarter. Van ECK Associates Corp raised its stake in Denison Mines by 96.8% in the third quarter. Van ECK Associates Corp now owns 14,574,159 shares of the basic materials company’s stock valued at $26,671,000 after buying an additional 7,168,934 shares in the last quarter. Lloyd Harbor Capital Management LLC raised its stake in Denison Mines by 168.5% in the second 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 buying an additional 3,875,016 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Denison Mines by 499.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,127,950 shares of the basic materials company’s stock worth $7,514,000 after buying an additional 3,438,790 shares during the last quarter. Finally, Hood River Capital Management LLC boosted its position in shares of Denison Mines by 9.2% during the 2nd quarter. Hood River Capital Management LLC now owns 25,263,766 shares of the basic materials company’s stock worth $50,275,000 after acquiring an additional 2,138,603 shares in the last quarter. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mines Trading Down 5.9 %

DNN stock opened at $1.91 on Friday. Denison Mines has a one year low of $1.40 and a one year high of $2.47. The firm’s fifty day moving average price is $2.02. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of -191.00 and a beta of 1.71.

About Denison Mines

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.