Denison Mines Corp (NYSEMKT:DNN) Receives $1.03 Consensus Price Target from Brokerages

Denison Mines Corp (NYSEMKT:DNN) (TSE:DML) has earned an average rating of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $1.30.

Several research firms have recently commented on DNN. Roth Capital set a $1.00 price objective on Denison Mines Corp and gave the stock a “buy” rating in a report on Monday. Zacks Investment Research downgraded Denison Mines Corp from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub upgraded Denison Mines Corp from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Credit Suisse Group downgraded Denison Mines Corp from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 18th. Finally, ValuEngine downgraded Denison Mines Corp from a “hold” rating to a “sell” rating in a report on Friday, June 2nd.

Shares of Denison Mines Corp (NYSEMKT:DNN) traded down 1.81% during midday trading on Wednesday, reaching $0.45. The company’s stock had a trading volume of 127,897 shares. Denison Mines Corp has a 12 month low of $0.13 and a 12 month high of $0.84. The firm’s market cap is $251.59 million. The company has a 50-day moving average price of $0.46 and a 200-day moving average price of $0.57.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in shares of Denison Mines Corp during the fourth quarter worth about $1,951,000. Norges Bank purchased a new position in Denison Mines Corp during the fourth quarter worth $1,065,000. Commerzbank Aktiengesellschaft FI increased its position in Denison Mines Corp by 20.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 1,419,280 shares of the basic materials company’s stock worth $880,000 after buying an additional 239,500 shares during the period. TD Asset Management Inc. increased its position in Denison Mines Corp by 7.9% in the first quarter. TD Asset Management Inc. now owns 519,162 shares of the basic materials company’s stock worth $405,000 after buying an additional 37,985 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Denison Mines Corp by 1.2% in the first quarter. JPMorgan Chase & Co. now owns 5,754,422 shares of the basic materials company’s stock worth $3,568,000 after buying an additional 68,935 shares during the period.

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Denison Mines Corp Company Profile

Denison Mines Corp. is a uranium exploration and development company. The Company is engaged in the acquisition, exploration and development of uranium properties, extraction, processing and selling of uranium. The Company operates in three segments: the Mining segment, the Environmental Services segment, and the Corporate and Other segment.