BMO Capital Markets Upgrades Denison Mines (NYSEAMERICAN:DNN) to “Outperform”

BMO Capital Markets upgraded shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) from a market perform rating to an outperform rating in a research note published on Wednesday morning, MarketBeat reports.

Several other research analysts have also weighed in on the company. Roth Capital raised Denison Mines to a strong-buy rating in a research report on Thursday, June 27th. National Bank Financial raised Denison Mines to a strong-buy rating in a research report on Tuesday, September 3rd. Scotiabank raised Denison Mines to a strong-buy rating in a research report on Tuesday, July 2nd. StockNews.com raised Denison Mines to a sell rating in a research report on Wednesday, July 31st. Finally, Roth Mkm initiated coverage on Denison Mines in a research note on Thursday, June 27th. They issued a buy rating and a $2.60 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Buy and an average target price of $2.93.

Denison Mines Stock Down 0.5 %

Shares of Denison Mines stock opened at $1.85 on Wednesday. The stock’s fifty day moving average is $1.98. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 26.43 and a beta of 1.70. Denison Mines has a 12-month low of $1.40 and a 12-month high of $2.47.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DNN. &PARTNERS acquired a new position in shares of Denison Mines during the 1st quarter valued at about $34,000. Legacy Capital Group California Inc. increased its holdings in shares of Denison Mines by 131.7% during the 2nd quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 13,248 shares during the last quarter. RPS Advisory Solutions LLC acquired a new position in shares of Denison Mines during the 2nd quarter valued at about $46,000. Toronto Dominion Bank increased its holdings in shares of Denison Mines by 39.4% during the 2nd quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 6,777 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Denison Mines during the 1st quarter valued at about $51,000. Hedge funds and other institutional investors 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.