Denison Mines (NYSEAMERICAN:DNN) Raised to Outperform at BMO Capital Markets

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) was upgraded by research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Wednesday, Marketbeat.com reports.

DNN has been the subject of a number of other reports. National Bank Financial raised Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. Roth Capital upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, June 27th. StockNews.com raised shares of Denison Mines to a “sell” rating in a research report on Wednesday, July 31st. Roth Mkm began coverage on shares of Denison Mines in a research report on Thursday, June 27th. They set a “buy” rating and a $2.60 price objective for the company. Finally, Scotiabank upgraded Denison Mines to a “strong-buy” rating in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Denison Mines has a consensus rating of “Buy” and a consensus target price of $2.60.

Denison Mines Trading Up 1.7 %

NYSEAMERICAN DNN opened at $1.80 on Wednesday. The company has a fifty day moving average price of $1.98. The firm has a market cap of $1.61 billion, a P/E ratio of 25.71 and a beta of 1.70. Denison Mines has a one year low of $1.40 and a one year high of $2.47.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last posted its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The business 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%. On average, research analysts predict that Denison Mines will post -0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Denison Mines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DNN. &PARTNERS acquired a new position in Denison Mines in the first quarter valued at $34,000. RPS Advisory Solutions LLC acquired a new stake in Denison Mines in the second quarter valued at approximately $46,000. Legacy Capital Group California Inc. increased its stake in Denison Mines by 131.7% during the 2nd quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock worth $46,000 after buying an additional 13,248 shares during the period. Toronto Dominion Bank grew its stake in Denison Mines by 39.4% during the 2nd 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 in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Denison Mines during the first quarter worth approximately $51,000. 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.