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

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) have earned a consensus rating of “Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $3.00.

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

Denison Mines Price Performance

Denison Mines stock opened at $1.33 on Friday. Denison Mines has a one year low of $1.27 and a one year high of $2.47. The business’s fifty day moving average is $1.66 and its 200 day moving average is $1.91. The stock has a market capitalization of $1.19 billion, a PE ratio of -133.00 and a beta of 1.75.

Institutional Trading of Denison Mines

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of Denison Mines by 43.3% during the fourth quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company’s stock worth $37,595,000 after acquiring an additional 6,305,332 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Denison Mines during the 3rd quarter valued at about $505,000. Prescott Group Capital Management L.L.C. bought a new stake in shares of Denison Mines in the fourth quarter worth about $1,371,000. Quantbot Technologies LP increased its holdings in shares of Denison Mines by 119.9% in the fourth quarter. Quantbot Technologies LP now owns 578,113 shares of the basic materials company’s stock worth $1,041,000 after purchasing an additional 315,262 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in Denison Mines by 89.1% during the third quarter. National Bank of Canada FI now owns 935,567 shares of the basic materials company’s stock valued at $1,708,000 after buying an additional 440,921 shares during the last quarter. 36.74% of the stock is owned by hedge funds and other institutional investors.

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.