Denison Mines (NYSEAMERICAN:DNN) Rating Increased to Strong-Buy at Cibc World Mkts

Cibc World Mkts upgraded shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) to a strong-buy rating in a research report sent to investors on Thursday morning, Zacks.com reports.

A number of other analysts have also recently issued reports on DNN. BMO Capital Markets upgraded Denison Mines from a market perform rating to an outperform rating in a research report on Wednesday, September 25th. StockNews.com upgraded shares of Denison Mines to a sell rating in a research report on Wednesday, July 31st. Roth Capital raised Denison Mines to a strong-buy rating in a research note on Thursday, June 27th. National Bank Financial upgraded shares of Denison Mines to a strong-buy rating in a research report on Tuesday, September 3rd. Finally, Roth Mkm started coverage on Denison Mines in a research note on Thursday, June 27th. They issued a buy rating and a $2.60 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Buy and an average price target of $2.93.

Denison Mines Stock Up 0.5 %

Shares of Denison Mines stock opened at $1.87 on Thursday. 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 $1.67 billion, a PE ratio of 26.71 and a beta of 1.70. The stock’s 50 day moving average is $1.98.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last released its quarterly 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 company had revenue of $0.97 million during the quarter, compared to analysts’ expectations 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.

Institutional Trading of Denison Mines

Institutional investors have recently made changes to their positions in the business. TD Asset Management Inc raised its holdings in shares of Denison Mines by 4.5% in the 4th quarter. TD Asset Management Inc now owns 2,327,927 shares of the basic materials company’s stock valued at $4,096,000 after purchasing an additional 99,667 shares during the period. Bank of Nova Scotia increased its holdings in Denison Mines by 3.7% in the 4th quarter. Bank of Nova Scotia now owns 1,590,966 shares of the basic materials company’s stock valued at $2,786,000 after buying an additional 57,087 shares during the period. Crestline Management LP bought a new position in shares of Denison Mines in the 4th quarter valued at $1,988,000. Rathbones Group PLC raised its stake in Denison Mines by 30.5% during the fourth quarter. Rathbones Group PLC now owns 85,500 shares of the basic materials company’s stock worth $150,000 after acquiring an additional 20,000 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Denison Mines by 9.8% during the fourth quarter. CIBC Asset Management Inc now owns 812,783 shares of the basic materials company’s stock worth $1,428,000 after buying an additional 72,490 shares in the last quarter. 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.