Denison Mines (NYSEAMERICAN:DNN) Research Coverage Started at CIBC

Analysts at CIBC initiated coverage on shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) in a report issued on Thursday, MarketBeat reports. The brokerage set a “sector outperform” rating and a $3.25 price target on the basic materials company’s stock. CIBC’s price objective points to a potential upside of 75.68% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. Scotiabank upgraded Denison Mines to a “strong-buy” rating in a report on Tuesday, July 2nd. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. Roth Mkm started coverage on shares of Denison Mines in a research note on Thursday, June 27th. They set a “buy” rating and a $2.60 price target on the stock. Roth Capital raised shares of Denison Mines to a “strong-buy” rating in a research report on Thursday, June 27th. Finally, StockNews.com raised shares of Denison Mines to a “sell” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, Denison Mines presently has a consensus rating of “Buy” and a consensus price target of $2.93.

Denison Mines Stock Down 0.5 %

Shares of DNN opened at $1.85 on Thursday. The business’s 50-day moving average is $1.98. Denison Mines has a twelve month low of $1.40 and a twelve month high of $2.47. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 26.43 and a beta of 1.70.

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

Hedge Funds Weigh In On Denison Mines

Hedge funds have recently made changes to their positions in the stock. &PARTNERS acquired a new position in Denison Mines in the first quarter valued at $34,000. Legacy Capital Group California Inc. boosted 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 acquiring an additional 13,248 shares during the last quarter. RPS Advisory Solutions LLC acquired a new position in Denison Mines in the second quarter valued at $46,000. Toronto Dominion Bank boosted its holdings in 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 acquiring an additional 6,777 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Denison Mines in the first quarter valued at $51,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

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.