Denison Mine Corp (DNN) Receives Price Target

Denison Mine Corp (DNN) : The most positive equity analysts on Denison Mine Corp (DNN) expects the shares to touch $1, whereas, the least positive believes that the stock will trade at $1 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $1.24 with an expected fluctuation of $0.21 from the mean.

Denison Mine Corp (DNN) : 3 brokerage houses believe that Denison Mine Corp (DNN) is a Strong Buy at current levels. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 3 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.


Denison Mine Corp (NYSEMKT:DNN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.50 and $0.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.51, notching a gain of 1.30% for the day. The total traded volume was 225,543 . The stock had closed at $0.50 on the previous day.

Denison Mines Corp. is engaged in uranium exploration and/or development in Canada, Zambia, Mali, Namibia and Mongolia. The Companys assets include a 22.50% interest in the McClean Lake uranium processing facility and uranium deposits in northern Saskatchewan; a 25.17% interest in the Midwest uranium project, including the Midwest and the Midwest A deposits in northern Saskatchewan; a 60% interest in the Wheeler River project, which includes the Phoenix deposit and the Gryphon zone, and a portfolio of exploration and development property interests in the Athabasca Basin, including Moore Lake (100%), Waterbury Lake (60%), Hatchet Lake (58.06%), Crawford/Bachman Lake (100%), Bell Lake (100%) and Mann Lake (30%). Denison also owns the Mutanga uranium project in southern Zambia, the Falea uranium, silver and copper project in Mali, and interests in mineral exploration properties in Namibia and Mongolia.

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