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

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) have been given an average recommendation of “Strong Buy” by the seven brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $3.00.

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

Denison Mines Trading Down 0.5 %

NYSEAMERICAN DNN opened at $1.95 on Wednesday. Denison Mines has a 52 week low of $1.40 and a 52 week high of $2.47. The company has a market cap of $1.74 billion, a PE ratio of -195.00 and a beta of 1.71. The stock has a 50-day moving average price of $2.00.

Institutional Trading of Denison Mines

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Confluence Investment Management LLC lifted its holdings in shares of Denison Mines by 3.8% during the 4th quarter. Confluence Investment Management LLC now owns 267,217 shares of the basic materials company’s stock worth $481,000 after acquiring an additional 9,831 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Denison Mines by 55.5% during the 3rd quarter. Toronto Dominion Bank now owns 37,266 shares of the basic materials company’s stock worth $68,000 after acquiring an additional 13,297 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Denison Mines by 8.8% during the 3rd quarter. Geode Capital Management LLC now owns 420,723 shares of the basic materials company’s stock worth $769,000 after acquiring an additional 34,192 shares during the period. Segra Capital Management LLC lifted its holdings in shares of Denison Mines by 124.8% during the 3rd quarter. Segra Capital Management LLC now owns 18,268,562 shares of the basic materials company’s stock worth $33,431,000 after acquiring an additional 10,140,540 shares during the period. Finally, Impala Asset Management LLC bought a new position in shares of Denison Mines during the 3rd quarter worth about $1,076,000. 36.74% of the stock is currently owned by institutional investors and hedge funds.

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.