Denison Mines Corp. (NYSEAMERICAN:DNN) Given Consensus Rating of “Buy” by Analysts

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) have earned an average recommendation of “Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $3.00.

Separately, Scotiabank reaffirmed an “outperform” rating on shares of Denison Mines in a report on Tuesday.

Hedge Funds Weigh In On Denison Mines

Several hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in shares of Denison Mines by 499.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,127,950 shares of the basic materials company’s stock worth $7,514,000 after acquiring an additional 3,438,790 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Denison Mines in the 3rd quarter worth about $505,000. Bridgewater Associates LP lifted its position in Denison Mines by 10.2% during the 3rd quarter. Bridgewater Associates LP now owns 8,359,815 shares of the basic materials company’s stock valued at $15,298,000 after acquiring an additional 774,441 shares during the period. De Lisle Partners LLP grew its holdings in Denison Mines by 9.8% in the third quarter. De Lisle Partners LLP now owns 1,687,909 shares of the basic materials company’s stock worth $3,089,000 after purchasing an additional 150,000 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Denison Mines by 14.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,200,078 shares of the basic materials company’s stock valued at $5,856,000 after buying an additional 404,410 shares during the last quarter. 36.74% of the stock is owned by hedge funds and other institutional investors.

Denison Mines Price Performance

Shares of DNN traded down $0.02 during mid-day 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. The firm has a market cap of $1.23 billion, a P/E ratio of -138.50 and a beta of 1.75. Denison Mines has a 52 week low of $1.27 and a 52 week high of $2.47. The business has a fifty day moving average price of $1.67 and a 200-day moving average price of $1.91.

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.