Denison Mines (NYSEAMERICAN:DNN) Price Target Cut to C$2.25 by Analysts at TD Securities

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) had its target price cut by TD Securities from C$2.40 to C$2.25 in a research note released on Friday morning, The Fly reports.

Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Denison Mines from a strong-buy rating to a hold rating in a research note on Wednesday, January 5th. TheStreet lowered Denison Mines from a b- rating to a c+ rating in a research note on Friday, December 10th. restated a buy rating and issued a C$3.00 price objective (up from C$2.50) on shares of Denison Mines in a research note on Thursday, September 23rd. Finally, Raymond James upped their price objective on Denison Mines from C$2.40 to C$2.60 and gave the stock an outperform rating in a research note on Monday, November 15th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $2.46.

Shares of DNN opened at $1.36 on Friday. The company has a market capitalization of $1.10 billion, a PE ratio of 68.50 and a beta of 1.94. Denison Mines has a 52 week low of $0.62 and a 52 week high of $2.14.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last released its quarterly earnings data on Thursday, November 4th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The business had revenue of $7.58 million for the quarter. Denison Mines had a return on equity of 5.63% and a net margin of 89.89%. On average, research analysts predict that Denison Mines will post 0.02 earnings per share for the current year.

Several large investors have recently modified their holdings of DNN. Exchange Traded Concepts LLC increased its holdings in Denison Mines by 38.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 23,278,806 shares of the basic materials company’s stock valued at $31,892,000 after buying an additional 6,404,352 shares during the period. Hood River Capital Management LLC lifted its stake in shares of Denison Mines by 40.8% during the third quarter. Hood River Capital Management LLC now owns 19,669,709 shares of the basic materials company’s stock worth $28,914,000 after buying an additional 5,695,572 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Denison Mines by 241.2% during the second quarter. Goldman Sachs Group Inc. now owns 11,269,816 shares of the basic materials company’s stock worth $13,411,000 after purchasing an additional 7,966,751 shares during the last quarter. Old West Investment Management LLC raised its holdings in shares of Denison Mines by 21.7% during the second quarter. Old West Investment Management LLC now owns 8,348,715 shares of the basic materials company’s stock worth $9,934,000 after purchasing an additional 1,491,402 shares during the last quarter. Finally, Titan Global Capital Management USA LLC purchased a new position in shares of Denison Mines during the third quarter worth $11,885,000. 24.96% of the stock is currently owned by institutional investors and hedge funds.

About Denison Mines

Denison Mines Corp. engages in the exploration and development of uranium. The firm has interest in McClean Lake and Mill, Wheeler River, Waterbury, Midwest, and Hook-Carter projects. It operates through the following segments: Mining, Closed Mines, and Corporate and Other. The company was founded on May 9, 1997 and is headquartered in Toronto, Canada.

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