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

Denison Mine (NYSEAMERICAN:DNN) (TSE:DML) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday, Zacks reports.

DNN has been the subject of a number of other reports. Royal Bank Of Canada initiated coverage on shares of Denison Mine in a research note on Monday, July 13th. They issued an “outperform” rating for the company. Jefferies Financial Group assumed coverage on shares of Denison Mine in a research note on Thursday, September 3rd. They set a “buy” rating on the stock. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.38.

Denison Mine Stock Down 3.4%

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

Institutional Trading of Denison Mine

A number of institutional investors and hedge funds have recently made changes to their positions in DNN. NewEdge Wealth LLC boosted its stake in shares of Denison Mine by 33.3% during the 1st quarter. NewEdge Wealth LLC now owns 20,000 shares of the basic materials company’s stock worth $71,000 after acquiring an additional 5,000 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Denison Mine by 70.7% during the 2nd quarter. NewEdge Advisors LLC now owns 15,367 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 6,363 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Denison Mine by 79.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 16,278 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 7,202 shares during the last quarter. Kelleher Financial Advisors bought a new position in shares of Denison Mine in the 2nd quarter valued at approximately $27,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Denison Mine in the 2nd quarter valued at approximately $28,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mine Company Profile

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.