Denison Mines (NYSEAMERICAN:DNN) Rating Reiterated by Roth Mkm

Roth Mkm restated their buy rating on shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a $2.75 target price on the basic materials company’s stock, up from their previous target price of $2.60.

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

Denison Mines Price Performance

Shares of NYSEAMERICAN:DNN opened at $2.19 on Wednesday. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 36.50 and a beta of 1.71. Denison Mines has a 52-week low of $1.40 and a 52-week high of $2.47. The stock has a fifty day moving average of $1.99.

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

Hedge Funds Weigh In On Denison Mines

Hedge funds and other institutional investors have recently modified their holdings of the company. Legacy Capital Group California Inc. increased its stake in shares of Denison Mines by 47.5% during the third quarter. Legacy Capital Group California Inc. now owns 34,372 shares of the basic materials company’s stock valued at $63,000 after buying an additional 11,066 shares during the period. SG Americas Securities LLC purchased a new position in Denison Mines during the 3rd quarter valued at $154,000. Cetera Investment Advisers increased its position in Denison Mines by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 923,715 shares of the basic materials company’s stock valued at $1,838,000 after purchasing an additional 22,405 shares during the period. Point72 Asset Management L.P. raised its holdings in Denison Mines by 0.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 10,135,800 shares of the basic materials company’s stock worth $20,170,000 after purchasing an additional 46,000 shares in the last quarter. Finally, Lloyd Harbor Capital Management LLC lifted its position in shares of Denison Mines by 168.5% in the 2nd quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company’s stock worth $12,288,000 after purchasing an additional 3,875,016 shares during the period. 36.74% of the stock is owned by institutional investors.

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.