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

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) have received an average rating of “Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $3.00.

Separately, Scotiabank reaffirmed an “outperform” rating on shares of Denison Mines in a report on Tuesday, March 25th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DNN. The Manufacturers Life Insurance Company boosted 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 purchasing an additional 3,438,790 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Denison Mines during the third quarter worth approximately $505,000. Bridgewater Associates LP lifted its holdings in shares of Denison Mines by 10.2% in the 3rd quarter. Bridgewater Associates LP now owns 8,359,815 shares of the basic materials company’s stock worth $15,298,000 after acquiring an additional 774,441 shares during the last quarter. De Lisle Partners LLP boosted its stake in shares of Denison Mines by 9.8% in the 3rd quarter. De Lisle Partners LLP now owns 1,687,909 shares of the basic materials company’s stock valued at $3,089,000 after purchasing an additional 150,000 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Denison Mines by 14.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,200,078 shares of the basic materials company’s stock worth $5,856,000 after buying an additional 404,410 shares during the period. Institutional investors own 36.74% of the company’s stock.

Denison Mines Price Performance

Shares of DNN opened at $1.30 on Friday. Denison Mines has a twelve month low of $1.27 and a twelve month high of $2.47. The stock has a market cap of $1.16 billion, a PE ratio of -130.00 and a beta of 1.75. The business’s 50-day moving average price is $1.65 and its 200-day moving average price is $1.90.

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.