Analysts Set Denison Mines Corp. (NYSEAMERICAN:DNN) PT at $3.00

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) has been assigned a consensus rating of “Strong Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $3.00.

A number of equities research analysts recently commented on the company. Roth Mkm reiterated a “buy” rating and issued a $2.75 target price (up from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. National Bank Financial raised Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. BMO Capital Markets upgraded Denison Mines from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 25th. Finally, CIBC assumed coverage on shares of Denison Mines in a research note on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 price objective for the company.

Institutional Trading of Denison Mines

Hedge funds and other institutional investors have recently bought and sold shares of the business. Segra Capital Management LLC raised its stake in shares of Denison Mines by 124.8% during the third quarter. Segra Capital Management LLC now owns 18,268,562 shares of the basic materials company’s stock valued at $33,431,000 after acquiring an additional 10,140,540 shares in the last quarter. Van ECK Associates Corp increased its holdings in Denison Mines by 96.8% during the 3rd quarter. Van ECK Associates Corp now owns 14,574,159 shares of the basic materials company’s stock worth $26,671,000 after purchasing an additional 7,168,934 shares during the period. Lloyd Harbor Capital Management LLC raised its position in Denison Mines by 168.5% during the 2nd quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company’s stock valued at $12,288,000 after purchasing an additional 3,875,016 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of 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 worth $7,514,000 after buying an additional 3,438,790 shares during the period. Finally, Hood River Capital Management LLC lifted its holdings in shares of Denison Mines by 9.2% in the 2nd quarter. Hood River Capital Management LLC now owns 25,263,766 shares of the basic materials company’s stock worth $50,275,000 after buying an additional 2,138,603 shares during the period. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Denison Mines Stock Performance

Shares of NYSEAMERICAN DNN opened at $2.05 on Friday. The company has a market cap of $1.83 billion, a P/E ratio of -205.00 and a beta of 1.71. Denison Mines has a 52-week low of $1.40 and a 52-week high of $2.47. The company has a fifty day moving average of $2.02.

About Denison Mines

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.