Denison Mine (NYSEAMERICAN:DNN) Stock Rating Lowered by Zacks Research

by · The Markets Daily

Denison Mine (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday, Zacks reports.

A number of other equities research analysts have also commented on the company. Jefferies Financial Group began coverage on Denison Mine in a research report on Thursday, September 3rd. They set a “buy” rating for the company. Royal Bank Of Canada assumed coverage on Denison Mine in a report on Monday, July 13th. They issued an “outperform” rating on the stock. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $5.38.

View Our Latest Research Report on Denison Mine

Denison Mine Trading Down 3.4%

NYSEAMERICAN DNN traded down $0.08 on Thursday, hitting $2.28. 21,184,293 shares of the stock were exchanged, compared to its average volume of 29,025,852. Denison Mine has a 52-week low of $2.10 and a 52-week high of $4.43. The company has a debt-to-equity ratio of 2.38, a current ratio of 9.41 and a quick ratio of 9.14. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of -10.36 and a beta of 1.37. The company’s 50-day moving average price is $2.98 and its two-hundred day moving average price is $3.21.

Institutional Investors Weigh In On Denison Mine

Institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp grew its holdings in shares of Denison Mine by 22.4% during the 2nd quarter. Van ECK Associates Corp now owns 87,521,620 shares of the basic materials company’s stock valued at $267,557,000 after acquiring an additional 16,013,484 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Denison Mine by 275.0% during the first quarter. Renaissance Technologies LLC now owns 9,455,713 shares of the basic materials company’s stock worth $33,379,000 after acquiring an additional 6,934,400 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Denison Mine during the second quarter worth $16,541,000. Goehring & Rozencwajg Associates LLC boosted its position in Denison Mine by 19.4% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 4,720,615 shares of the basic materials company’s stock valued at $16,664,000 after purchasing an additional 767,863 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in Denison Mine during the second quarter valued at $13,237,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

About Denison Mine

(Get Free Report)

Denison Mines Corp. is a uranium exploration, development and production company focused primarily on the Athabasca Basin in northern Saskatchewan, Canada. The company’s activities include the acquisition, evaluation and advancement of uranium mineral properties, with an emphasis on projects that could support future uranium production.

Denison’s flagship asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Phoenix is being advanced as an in-situ recovery project, while Gryphon is being evaluated as an underground mining operation.

Further Reading