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$3.50. The company’s shares closed today at $2.00.
MacArthur covers the Basic Materials sector, focusing on stocks such as MAG Silver, Coeur Mining, and Franco-Nevada. According to TipRanks, MacArthur has an average return of 9.9% and a 55.92% success rate on recommended stocks.
Currently, the analyst consensus on Denison Mines is a Strong Buy with an average price target of $2.66, implying a 33.33% upside from current levels. In a report released on April 9, Canaccord Genuity also maintained a Buy rating on the stock with a C$3.75 price target.
The company has a one-year high of $2.25 and a one-year low of $1.00. Currently, Denison Mines has an average volume of 14.63M.
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.
