Denison Mines (NYSEAMERICAN:DNN) Now Covered by Analysts at CIBC

CIBC assumed coverage on shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) in a report published on Thursday, Marketbeat Ratings reports. The firm issued a sector outperform rating and a $3.25 price target on the basic materials company’s stock.

DNN has been the topic of a number of other research reports. Scotiabank raised shares of Denison Mines to a strong-buy rating in a report on Tuesday, July 2nd. StockNews.com upgraded shares of Denison Mines to a sell rating in a research report on Wednesday, July 31st. Roth Mkm assumed coverage on shares of Denison Mines in a research report on Thursday, June 27th. They issued a buy rating and a $2.60 target price for the company. Roth Capital upgraded shares of Denison Mines to a strong-buy rating in a research report on Thursday, June 27th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of $2.93.

Denison Mines Stock Performance

Shares of NYSEAMERICAN:DNN opened at $1.87 on Thursday. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 26.71 and a beta of 1.70. Denison Mines has a 12-month low of $1.40 and a 12-month high of $2.47. The stock’s fifty day moving average is $1.98.

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, meeting the consensus estimate of ($0.01). Denison Mines had a return on equity of 9.45% and a net margin of 950.42%. The company had revenue of $0.97 million during the quarter, compared to the consensus estimate of $0.80 million. On average, equities analysts anticipate that Denison Mines will post -0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Denison Mines

A number of hedge funds have recently modified their holdings of DNN. MMCAP International Inc. SPC lifted its holdings in shares of Denison Mines by 37.7% in the 4th quarter. MMCAP International Inc. SPC now owns 31,390,336 shares of the basic materials company’s stock worth $54,148,000 after acquiring an additional 8,592,121 shares during the last quarter. Hood River Capital Management LLC boosted its stake in Denison Mines by 9.2% in the 2nd quarter. Hood River Capital Management LLC now owns 25,263,766 shares of the basic materials company’s stock worth $50,275,000 after purchasing an additional 2,138,603 shares in the last quarter. Point72 Asset Management L.P. boosted its stake 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. Van ECK Associates Corp lifted its stake in Denison Mines by 39.9% during the 2nd quarter. Van ECK Associates Corp now owns 7,405,225 shares of the basic materials company’s stock valued at $14,748,000 after acquiring an additional 2,111,912 shares during the period. Finally, Vident Advisory LLC lifted its stake in Denison Mines by 15.0% during the 1st quarter. Vident Advisory LLC now owns 6,764,463 shares of the basic materials company’s stock valued at $13,191,000 after acquiring an additional 884,599 shares during the period. 36.74% of the stock is currently owned by institutional investors.

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.