Denison Mines Corp. (NYSEAMERICAN:DNN) Receives Average Recommendation of “Buy” from Brokerages

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report 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.

Denison Mines Price Performance

DNN traded down $0.02 during trading on Friday, hitting $1.38. The stock had a trading volume of 2,535,441 shares, compared to its average volume of 25,502,657. Denison Mines has a one year low of $1.27 and a one year high of $2.47. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -138.50 and a beta of 1.75. The company has a 50 day moving average price of $1.67 and a 200-day moving average price of $1.91.

Institutional Trading of Denison Mines

Several large investors have recently made changes to their positions in DNN. Oxford Asset Management LLP purchased a new stake in shares of Denison Mines in the fourth quarter valued at about $26,000. Vantage Point Financial LLC purchased a new stake in Denison Mines in the 4th quarter valued at about $34,000. Commonwealth Equity Services LLC lifted its position in shares of Denison Mines by 74.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company’s stock worth $36,000 after buying an additional 8,500 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Denison Mines in the 4th quarter worth approximately $38,000. Finally, Bayesian Capital Management LP bought a new position in shares of Denison Mines in the fourth quarter valued at approximately $44,000. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Denison Mines Company Profile

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.