Denison Mine (NYSEAMERICAN:DNN) Reaches New 52-Week High – What’s Next?

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $3.51 and last traded at $3.3850, with a volume of 7804770 shares changing hands. The stock had previously closed at $3.33.

Wall Street Analyst Weigh In

Separately, Raymond James Financial reiterated an “outperform” rating on shares of Denison Mine in a research report on Friday, October 10th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Denison Mine Stock Up 0.2%

The firm has a market cap of $3.01 billion, a price-to-earnings ratio of -22.43 and a beta of 1.25. The business’s 50-day moving average is $2.68 and its 200-day moving average is $2.46. The company has a debt-to-equity ratio of 1.49, a quick ratio of 11.78 and a current ratio of 11.97.

Hedge Funds Weigh In On Denison Mine

A number of institutional investors and hedge funds have recently bought and sold shares of DNN. Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Denison Mine in the third quarter valued at $28,000. KERR FINANCIAL PLANNING Corp bought a new stake in Denison Mine during the 3rd quarter worth about $28,000. Aire Advisors LLC acquired a new stake in Denison Mine in the 3rd quarter valued at about $28,000. Jones Financial Companies Lllp increased its position in Denison Mine by 65.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 11,515 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 4,563 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of Denison Mine in the third quarter worth about $36,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mine Company Profile

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.