Denison Mine Corp (NYSEAMERICAN:DNN) Given Average Rating of “Moderate Buy” by Analysts

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $5.3750.

A number of equities research analysts have issued reports on DNN shares. Royal Bank Of Canada initiated coverage on shares of Denison Mine in a report on Monday. They set an “outperform” rating for the company. Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a research note on Thursday, May 14th. Finally, Zacks Research cut Denison Mine from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Denison Mine in the third quarter valued at approximately $28,000. Summitry LLC bought a new position in Denison Mine during the fourth quarter worth $27,000. First Citizens Bank & Trust Co. bought a new position in Denison Mine during the fourth quarter worth $27,000. SG Americas Securities LLC acquired a new position in Denison Mine during the 4th quarter valued at $27,000. Finally, Invesco Ltd. acquired a new position in Denison Mine during the 4th quarter valued at $27,000. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Denison Mine Price Performance

NYSEAMERICAN DNN opened at $2.82 on Friday. Denison Mine has a 1 year low of $1.86 and a 1 year high of $4.43. The company has a fifty day simple moving average of $3.23 and a 200 day simple moving average of $3.54. The company has a current ratio of 13.77, a quick ratio of 13.46 and a debt-to-equity ratio of 2.81. The company has a market cap of $2.55 billion, a P/E ratio of -12.26 and a beta of 1.21.

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.