Denison Mines Corp (NYSEMKT:DNN) (TSE:DML) has been assigned a $1.00 price objective by analysts at Roth Capital in a research note issued on Wednesday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Roth Capital’s target price would indicate a potential upside of 132.56% from the company’s current price.
A number of other research analysts also recently issued reports on DNN. Zacks Investment Research raised Denison Mines Corp from a “hold” rating to a “buy” rating and set a $0.50 target price on the stock in a report on Monday, July 17th. BidaskClub raised Denison Mines Corp from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 6th. Finally, Credit Suisse Group downgraded Denison Mines Corp from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 18th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $0.75.
Denison Mines Corp (DNN) opened at 0.43 on Wednesday. The stock’s 50 day moving average is $0.47 and its 200-day moving average is $0.49. Denison Mines Corp has a 12-month low of $0.13 and a 12-month high of $0.84. The company’s market capitalization is $240.41 million.
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Several large investors have recently added to or reduced their stakes in the stock. TD Asset Management Inc. grew its holdings in Denison Mines Corp by 4.1% during the 2nd quarter. TD Asset Management Inc. now owns 540,677 shares of the basic materials company’s stock valued at $433,000 after buying an additional 21,515 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in Denison Mines Corp by 3.6% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,470,280 shares of the basic materials company’s stock valued at $648,000 after buying an additional 51,000 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Denison Mines Corp by 1.2% during the 1st quarter. JPMorgan Chase & Co. now owns 5,754,422 shares of the basic materials company’s stock valued at $3,568,000 after buying an additional 68,935 shares in the last quarter. Credit Suisse AG grew its holdings in Denison Mines Corp by 67.7% during the 1st quarter. Credit Suisse AG now owns 307,750 shares of the basic materials company’s stock valued at $191,000 after buying an additional 124,195 shares in the last quarter. Finally, Gagnon Securities LLC purchased a new position in Denison Mines Corp during the 2nd quarter valued at approximately $166,000.
About Denison Mines Corp
Denison Mines Corp. is a uranium exploration and development company. The Company is engaged in the acquisition, exploration and development of uranium properties, extraction, processing and selling of uranium. The Company operates in three segments: the Mining segment, the Environmental Services segment, and the Corporate and Other segment.
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