Raymond James Boosts Denison Mines (NYSEAMERICAN:DNN) Price Target to C$2.40

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) had its price objective boosted by analysts at Raymond James from C$2.10 to C$2.40 in a note issued to investors on Friday, The Fly reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock.

A number of other equities analysts also recently issued reports on the company. TD Securities lifted their price target on Denison Mines from C$1.65 to C$2.40 and gave the company a “hold” rating in a research note on Wednesday. TheStreet raised shares of Denison Mines from a “d+” rating to a “c” rating in a research report on Thursday, September 2nd. Finally, Zacks Investment Research cut shares of Denison Mines from a “hold” rating to a “sell” rating in a research report on Thursday, September 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $1.79.

DNN stock traded down $0.10 during mid-day trading on Friday, reaching $1.60. 321,075 shares of the company traded hands, compared to its average volume of 18,753,488. The company has a market capitalization of $1.29 billion, a P/E ratio of -78.75 and a beta of 2.18. Denison Mines has a fifty-two week low of $0.30 and a fifty-two week high of $1.81.

Several large investors have recently bought and sold shares of DNN. The Manufacturers Life Insurance Company bought a new stake in shares of Denison Mines in the 1st quarter worth approximately $915,000. Alberta Investment Management Corp bought a new stake in shares of Denison Mines in the 1st quarter worth approximately $313,000. HighTower Advisors LLC bought a new stake in shares of Denison Mines in the 1st quarter worth approximately $28,000. CIBC World Markets Inc. raised its holdings in shares of Denison Mines by 102.6% in the 1st quarter. CIBC World Markets Inc. now owns 1,784,631 shares of the basic materials company’s stock worth $1,945,000 after purchasing an additional 903,973 shares during the period. Finally, Toronto Dominion Bank grew its stake in Denison Mines by 2,252.5% in the 1st quarter. Toronto Dominion Bank now owns 3,105,357 shares of the basic materials company’s stock valued at $3,385,000 after buying an additional 2,973,357 shares in the last quarter. 21.54% of the stock is currently owned by institutional investors.

Denison Mines Company Profile

Denison Mines Corp. engages in the exploration and development of uranium. The firm has interest in McClean Lake and Mill, Wheeler River, Waterbury, Midwest, and Hook-Carter projects. It operates through the following segments: Mining, Closed Mines, and Corporate and Other. The company was founded on May 9, 1997 and is headquartered in Toronto, Canada.

Recommended Story: What is the Quick Ratio?

The Fly logo

Receive News & Ratings for Denison Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denison Mines and related companies with MarketBeat.com's FREE daily email newsletter.