In a report released today, Brian MacArthur from Raymond James maintained a Buy rating on Denison Mines (DNN – Research Report), with a price target of C$2.90. The company’s shares closed today at $1.66.
MacArthur covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties, Wheaton Precious Metals, and MAG Silver. According to TipRanks, MacArthur has an average return of 5.9% and a 48.38% success rate on recommended stocks.
Denison Mines has an analyst consensus of Moderate Buy, with a price target consensus of $1.93, representing a 16.62% upside. In a report released on September 26, Canaccord Genuity also maintained a Buy rating on the stock with a C$3.25 price target.
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Based on Denison Mines’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.49 million and a net profit of $61 thousand. In comparison, last year the company earned a revenue of $6.8 million and had a net profit of $38.6 million
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DNN in relation to earlier this year.
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Denison Mines (DNN) Company Description:
Denison Mines Corp. engages in the exploration and development of uranium. It has interest in McClean Lake uranium mill, Zone and Huskie deposits on the Waterbury Lake property. The company operates through the following segments: Mining, Denison Environmental Services, and Corporate and Other. The Mining segment include depreciation and development cost. The Denison Environmental Services segment involves decommissioning services. The Corporate and Other segment relates to management services. The company was founded on May 9, 1997 and is headquartered in Toronto, Canada.
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