Denison Mines (DNN) Receives a Buy from Raymond James

In a report released today, Brian MacArthur from Raymond James maintained a Buy rating on Denison Mines (DNNResearch Report), with a price target of C$2.80. The company’s shares closed last Wednesday at $1.69.

According to TipRanks.com, MacArthur is a 5-star analyst with an average return of 9.8% and a 54.4% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Freeport-McMoRan.

Currently, the analyst consensus on Denison Mines is a Moderate Buy with an average price target of $2.01.

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Based on Denison Mines’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.34 million and GAAP net loss of $2.65 million. In comparison, last year the company earned revenue of $4.09 million and had a GAAP net loss of $3.1 million.

Based on the recent corporate insider activity of 40 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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