Denison Mines (NYSEAMERICAN:DNN) Earns Buy Rating from Roth Mkm

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML)‘s stock had its “buy” rating reiterated by investment analysts at Roth Mkm in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $2.75 target price on the basic materials company’s stock, up from their previous target price of $2.60. Roth Mkm’s price objective would indicate a potential upside of 25.00% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 25th. CIBC initiated coverage on Denison Mines in a report on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 target price on the stock. Finally, Scotiabank raised shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Denison Mines currently has an average rating of “Buy” and an average target price of $3.00.

Denison Mines Trading Down 3.9 %

NYSEAMERICAN:DNN traded down $0.09 during trading hours on Wednesday, hitting $2.20. 7,816,376 shares of the stock traded hands, compared to its average volume of 16,296,788. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 36.67 and a beta of 1.71. Denison Mines has a fifty-two week low of $1.40 and a fifty-two week high of $2.47. The business’s 50 day simple moving average is $1.99.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Denison Mines in the first quarter valued at about $366,000. Azarias Capital Management L.P. raised its position in Denison Mines by 6.0% during the first quarter. Azarias Capital Management L.P. now owns 2,910,404 shares of the basic materials company’s stock worth $5,675,000 after acquiring an additional 165,000 shares in the last quarter. Van ECK Associates Corp lifted its stake in Denison Mines by 22.2% in the first quarter. Van ECK Associates Corp now owns 5,293,313 shares of the basic materials company’s stock valued at $10,327,000 after acquiring an additional 960,585 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Denison Mines by 63.8% during the 1st quarter. Private Advisor Group LLC now owns 190,000 shares of the basic materials company’s stock worth $370,000 after purchasing an additional 74,000 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Denison Mines during the 1st quarter worth $51,000. Institutional investors 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.