Denison Mines (NYSEAMERICAN:DNN) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) from a market perform rating to an outperform rating in a report issued on Wednesday morning, MarketBeat Ratings reports.

Other equities research analysts also recently issued reports about the company. Roth Capital upgraded Denison Mines to a strong-buy rating in a report on Thursday, June 27th. Roth Mkm started coverage on Denison Mines in a research report on Thursday, June 27th. They set a buy rating and a $2.60 price objective for the company. Scotiabank upgraded Denison Mines to a strong-buy rating in a research report on Tuesday, July 2nd. National Bank Financial upgraded Denison Mines to a strong-buy rating in a research report on Tuesday, September 3rd. Finally, StockNews.com upgraded Denison Mines to a sell rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of $2.93.

Denison Mines Stock Down 0.5 %

Shares of NYSEAMERICAN DNN opened at $1.85 on Wednesday. Denison Mines has a twelve month low of $1.40 and a twelve month high of $2.47. The company has a market cap of $1.65 billion, a P/E ratio of 26.43 and a beta of 1.70. The firm has a 50 day moving average price of $1.98.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last issued its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting 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. Research analysts forecast that Denison Mines will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. &PARTNERS acquired a new position in Denison Mines during the 1st quarter worth $34,000. Legacy Capital Group California Inc. raised its stake in shares of 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 in the last quarter. RPS Advisory Solutions LLC bought a new stake in shares of Denison Mines in the 2nd quarter worth $46,000. Toronto Dominion Bank raised its stake in shares of Denison Mines by 39.4% in the 2nd quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock worth $48,000 after buying an additional 6,777 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Denison Mines in the 1st quarter worth $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.