Denison Mines (NYSEAMERICAN:DNN) Earns Sector Outperform Rating from Analysts at CIBC

CIBC began coverage on shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) in a research report released on Thursday morning, Marketbeat.com reports. The firm issued a sector outperform rating and a $3.25 price objective on the basic materials company’s stock.

A number of other brokerages also recently commented on DNN. StockNews.com upgraded Denison Mines to a sell rating in a research note on Wednesday, July 31st. Roth Capital upgraded Denison Mines to a strong-buy rating in a research note on Thursday, June 27th. BMO Capital Markets upgraded Denison Mines from a market perform rating to an outperform rating in a research note on Wednesday, September 25th. National Bank Financial upgraded Denison Mines to a strong-buy rating in a research note on Tuesday, September 3rd. Finally, Roth Mkm started coverage on Denison Mines in a report on Thursday, June 27th. They set a buy rating and a $2.60 price objective on the stock. One research analyst has rated the stock with a sell rating, three have given a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Buy and an average price target of $2.93.

Denison Mines Stock Up 0.5 %

Shares of Denison Mines stock opened at $1.87 on Thursday. The stock’s fifty day moving average is $1.98. The firm has a market capitalization 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.

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 for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $0.97 million for 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%. As a group, equities analysts anticipate that Denison Mines will post -0.06 earnings per share for the current fiscal year.

Institutional Trading of Denison Mines

Several institutional investors and hedge funds have recently bought and sold shares of DNN. TD Asset Management Inc raised its holdings in Denison Mines by 4.5% during the fourth quarter. TD Asset Management Inc now owns 2,327,927 shares of the basic materials company’s stock worth $4,096,000 after acquiring an additional 99,667 shares in the last quarter. Bank of Nova Scotia increased its position in Denison Mines by 3.7% during the fourth quarter. Bank of Nova Scotia now owns 1,590,966 shares of the basic materials company’s stock worth $2,786,000 after buying an additional 57,087 shares during the last quarter. MMCAP International Inc. SPC increased its position in Denison Mines by 37.7% during the fourth quarter. MMCAP International Inc. SPC now owns 31,390,336 shares of the basic materials company’s stock worth $54,148,000 after buying an additional 8,592,121 shares during the last quarter. Crestline Management LP acquired a new position in Denison Mines during the fourth quarter worth approximately $1,988,000. Finally, Rathbones Group PLC increased its position in Denison Mines by 30.5% during the fourth quarter. Rathbones Group PLC now owns 85,500 shares of the basic materials company’s stock worth $150,000 after buying an additional 20,000 shares during the last quarter. Institutional investors 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.