Denison Mines (NYSEAMERICAN:DNN) Upgraded at Cibc World Mkts

Cibc World Mkts upgraded shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) to a strong-buy rating in a research report released on Thursday morning, Zacks.com reports.

A number of other research analysts have also recently issued reports on DNN. National Bank Financial raised shares of Denison Mines to a strong-buy rating in a research report on Tuesday, September 3rd. StockNews.com raised Denison Mines to a sell rating in a research report on Wednesday, July 31st. Roth Capital upgraded Denison Mines to a strong-buy rating in a research note on Thursday, June 27th. CIBC assumed coverage on Denison Mines in a research note on Thursday. They set a sector outperform rating and a $3.25 price objective for the company. Finally, Roth Mkm started coverage on Denison Mines in a research note on Thursday, June 27th. They issued a buy rating and a $2.60 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Buy and an average target price of $2.93.

Denison Mines Price Performance

Shares of NYSEAMERICAN:DNN opened at $1.87 on Thursday. Denison Mines has a 52-week low of $1.40 and a 52-week high of $2.47. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 26.71 and a beta of 1.70. The stock has a 50 day moving average price of $1.98.

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

Institutional Trading of Denison Mines

A number of institutional investors and hedge funds have recently modified their holdings of DNN. &PARTNERS bought a new position in shares of Denison Mines during the first quarter valued at $34,000. Legacy Capital Group California Inc. raised 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 worth $46,000 after buying an additional 13,248 shares during the last quarter. RPS Advisory Solutions LLC purchased a new position in Denison Mines in the 2nd quarter worth about $46,000. Toronto Dominion Bank lifted 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 acquiring an additional 6,777 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Denison Mines during the 1st quarter valued at about $51,000. Institutional investors 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.