Denison Mines (NYSEAMERICAN:DNN) Trading 4% Higher

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML)’s stock price shot up 4% during mid-day trading on Wednesday . The company traded as high as $1.56 and last traded at $1.55. 1,107,925 shares were traded during mid-day trading, a decline of 93% from the average session volume of 15,544,285 shares. The stock had previously closed at $1.49.

Analysts Set New Price Targets

Several research analysts recently commented on the company. StockNews.com raised Denison Mines to a “sell” rating in a research note on Wednesday, July 31st. Scotiabank upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, July 2nd. Roth Mkm started coverage on shares of Denison Mines in a research report 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 note on Thursday, June 27th. Finally, National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, one has issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $2.60.

Denison Mines Trading Up 1.6 %

The firm has a fifty day simple moving average of $1.98. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 26.50 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) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $0.97 million for 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%. On average, equities research analysts predict that Denison Mines Corp. will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Avantax Advisory Services Inc. grew its stake in shares of Denison Mines by 47.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 18,600 shares of the basic materials company’s stock valued at $33,000 after buying an additional 6,000 shares in the last quarter. &PARTNERS purchased a new position in Denison Mines during the 1st quarter valued at about $34,000. Legacy Capital Group California Inc. grew its position in Denison Mines by 131.7% in the 2nd 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 in the last quarter. RPS Advisory Solutions LLC purchased a new stake in Denison Mines during the second quarter worth about $46,000. Finally, Toronto Dominion Bank lifted its position 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 worth $48,000 after purchasing an additional 6,777 shares in the last quarter. Institutional investors and hedge funds own 36.74% of the company’s stock.

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.