BMO Capital Markets Upgrades Denison Mines (NYSEAMERICAN:DNN) to Outperform

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports.

A number of other research analysts have also recently issued reports on DNN. Roth Mkm assumed coverage on shares of Denison Mines in a report on Thursday, June 27th. They issued a “buy” rating and a $2.60 price target for the company. StockNews.com raised Denison Mines to a “sell” rating in a research report on Wednesday, July 31st. Roth Capital raised Denison Mines to a “strong-buy” rating in a report on Thursday, June 27th. National Bank Financial raised Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, Scotiabank upgraded shares of Denison Mines to a “strong-buy” rating in a report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, two have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $2.60.

Denison Mines Price Performance

Denison Mines stock opened at $1.80 on Wednesday. Denison Mines has a 1-year low of $1.40 and a 1-year high of $2.47. The stock has a fifty day simple moving average of $1.98. The firm has a market cap of $1.61 billion, a PE ratio of 25.71 and a beta of 1.70.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last issued its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $0.97 million for the quarter, compared to analyst estimates of $0.80 million. Denison Mines had a return on equity of 9.45% and a net margin of 950.42%. As a group, equities research analysts forecast that Denison Mines will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. &PARTNERS purchased a new stake in shares of Denison Mines during the 1st quarter worth about $34,000. Legacy Capital Group California Inc. grew its holdings in Denison Mines by 131.7% in the second quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 13,248 shares during the period. RPS Advisory Solutions LLC purchased a new stake in shares of Denison Mines in the second quarter valued at approximately $46,000. Toronto Dominion Bank increased its position in shares of Denison Mines by 39.4% in the second quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock valued at $48,000 after buying an additional 6,777 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Denison Mines during the 1st quarter valued at approximately $51,000. 36.74% of the stock is 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.