Denison Mines Corp. (NYSEAMERICAN:DNN) Receives $3.00 Average Price Target from Analysts

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) has earned a consensus rating of “Strong Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $3.00.

DNN has been the topic of a number of recent research reports. BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 25th. Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. Roth Mkm reaffirmed a “buy” rating and issued a $2.75 price objective (up previously from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. Finally, CIBC initiated coverage on Denison Mines in a research note on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 target price for the company.

Denison Mines Stock Down 0.5 %

Shares of DNN opened at $1.95 on Wednesday. Denison Mines has a 1 year low of $1.40 and a 1 year high of $2.47. The firm has a market cap of $1.74 billion, a PE ratio of -195.00 and a beta of 1.71. The firm has a fifty day moving average price of $2.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in shares of Denison Mines during the 3rd quarter valued at about $505,000. National Bank of Canada FI increased its position in shares of Denison Mines by 89.1% during the third quarter. National Bank of Canada FI now owns 935,567 shares of the basic materials company’s stock valued at $1,708,000 after purchasing an additional 440,921 shares during the period. Goehring & Rozencwajg Associates LLC increased its position in shares of Denison Mines by 15.5% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 3,579,830 shares of the basic materials company’s stock valued at $7,124,000 after purchasing an additional 479,600 shares during the period. Continuum Advisory LLC increased its position in shares of Denison Mines by 78.5% during the third quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 14,688 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Denison Mines by 499.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,127,950 shares of the basic materials company’s stock valued at $7,514,000 after buying an additional 3,438,790 shares in the last quarter. 36.74% of the stock is owned by institutional investors and hedge funds.

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.