Denison Mines (NYSEAMERICAN:DNN) Rating Reiterated by Roth Mkm

Roth Mkm reissued their buy rating on shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) in a report released on Wednesday, Benzinga reports. Roth Mkm currently has a $2.75 price objective on the basic materials company’s stock, up from their prior price objective of $2.60.

DNN has been the subject of several other research reports. 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. Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. Roth Capital upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, June 27th. Scotiabank upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, July 2nd. Finally, National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, three have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, Denison Mines presently has an average rating of “Buy” and a consensus target price of $3.00.

Denison Mines Stock Down 0.9 %

Shares of Denison Mines stock opened at $2.18 on Wednesday. Denison Mines has a 12-month low of $1.40 and a 12-month high of $2.47. The company has a market capitalization of $1.95 billion, a PE ratio of 36.33 and a beta of 1.71. The stock’s 50 day moving average is $1.99.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last posted its earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $0.97 million for the quarter, compared to analyst estimates of $0.80 million. Denison Mines had a net margin of 950.42% and a return on equity of 9.45%. Analysts expect that Denison Mines will post -0.06 EPS for the current year.

Hedge Funds Weigh In On Denison Mines

A number of hedge funds have recently made changes to their positions in DNN. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Denison Mines in the 1st quarter valued at approximately $366,000. Azarias Capital Management L.P. grew its position in Denison Mines by 6.0% in the first quarter. Azarias Capital Management L.P. now owns 2,910,404 shares of the basic materials company’s stock valued at $5,675,000 after acquiring an additional 165,000 shares during the period. Van ECK Associates Corp raised its stake in Denison Mines by 22.2% during the first quarter. Van ECK Associates Corp now owns 5,293,313 shares of the basic materials company’s stock worth $10,327,000 after acquiring an additional 960,585 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Denison Mines by 63.8% during the first quarter. Private Advisor Group LLC now owns 190,000 shares of the basic materials company’s stock valued at $370,000 after acquiring an additional 74,000 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Denison Mines in the 1st quarter valued at $51,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

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.