Denison Mine (NYSEAMERICAN:DNN) Price Target Raised to $6.50

Denison Mine (NYSEAMERICAN:DNN) (TSE:DML) had its target price raised by TD Securities from $6.00 to $6.50 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the basic materials company’s stock.

Other equities analysts have also recently issued research reports about the stock. Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a research note on Friday, February 20th. Roth Mkm reaffirmed a “buy” rating and set a $4.25 target price on shares of Denison Mine in a report on Wednesday, February 18th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Denison Mine in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $5.38.

Denison Mine Price Performance

NYSEAMERICAN DNN opened at $3.82 on Thursday. Denison Mine has a one year low of $1.08 and a one year high of $4.43. The stock has a 50-day moving average of $3.83 and a 200 day moving average of $3.07. The company has a debt-to-equity ratio of 1.49, a quick ratio of 11.78 and a current ratio of 11.97. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -22.47 and a beta of 1.18.

Institutional Trading of Denison Mine

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its stake in Denison Mine by 20.9% in the 4th quarter. Van ECK Associates Corp now owns 75,910,027 shares of the basic materials company’s stock worth $201,916,000 after purchasing an additional 13,106,987 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Denison Mine by 4.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,332,391 shares of the basic materials company’s stock valued at $144,051,000 after buying an additional 2,027,151 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Denison Mine by 80.6% during the fourth quarter. Vanguard Group Inc. now owns 23,960,755 shares of the basic materials company’s stock valued at $63,544,000 after buying an additional 10,696,852 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of Denison Mine by 1,696.3% in the third quarter. Two Sigma Investments LP now owns 17,026,392 shares of the basic materials company’s stock worth $46,823,000 after buying an additional 16,078,514 shares in the last quarter. Finally, L1 Capital Pty Ltd boosted its position in shares of Denison Mine by 4,544.0% during the third quarter. L1 Capital Pty Ltd now owns 14,007,218 shares of the basic materials company’s stock worth $38,520,000 after acquiring an additional 13,705,598 shares during the last quarter. Institutional investors own 36.74% of the company’s stock.

About Denison Mine

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.