Denison Mines’ (DNN) Buy Rating Reiterated at Roth Mkm

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

Other equities analysts have also issued reports about the stock. CIBC started coverage on shares of Denison Mines in a research note on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 price target on the stock. Roth Capital raised Denison Mines to a “strong-buy” rating in a report on Thursday, June 27th. National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. Scotiabank upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, July 2nd. Finally, BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $3.00.

Denison Mines Stock Performance

DNN traded down $0.09 on Wednesday, hitting $2.20. The company had a trading volume of 7,816,376 shares, compared to its average volume of 16,296,788. Denison Mines has a 1 year low of $1.40 and a 1 year high of $2.47. The stock’s fifty day simple moving average is $1.99. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 36.67 and a beta of 1.71.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last released its quarterly earnings data 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). Denison Mines had a net margin of 950.42% and a return on equity of 9.45%. The business had revenue of $0.97 million during the quarter, compared to analysts’ expectations of $0.80 million. On average, equities research analysts predict that Denison Mines will post -0.06 EPS for the current year.

Institutional Trading of Denison Mines

Large investors have recently bought and sold shares of the company. RPS Advisory Solutions LLC acquired a new position in shares of Denison Mines in the 2nd quarter worth approximately $46,000. Legacy Capital Group California Inc. raised its stake in Denison Mines by 131.7% during the second quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 13,248 shares during the period. Toronto Dominion Bank grew its holdings in shares of Denison Mines by 39.4% during the second quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 6,777 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Denison Mines in the 1st quarter worth approximately $51,000. Finally, Tidal Investments LLC grew its stake in Denison Mines by 53.9% during the 1st quarter. Tidal Investments LLC now owns 40,049 shares of the basic materials company’s stock worth $78,000 after buying an additional 14,018 shares during the last quarter. 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.