Denison Mines (DNN) Downgraded to Hold at Zacks Investment Research

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Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “DENISON MINES CORPORATION is the premier intermediate uranium producer in North America, with mining assets in the Athabasca Basin Region of Saskatchewan, Canada and the southwest United States including Colorado, Utah, and Arizona. Further,they has ownership interests in two of the four conventional uranium mills operating in North America today. The Company also has a strong exploration and development portfolio with large land positions in the United States, Canada, Zambia and Mongolia “

NYSEAMERICAN DNN opened at $0.53 on Wednesday. Denison Mines has a 52 week low of $0.43 and a 52 week high of $0.69.

Several institutional investors have recently modified their holdings of DNN. Renaissance Technologies LLC acquired a new position in shares of Denison Mines in the 2nd quarter valued at $176,000. Russell Investments Group Ltd. boosted its stake in Denison Mines by 3.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 8,537,279 shares of the basic materials company’s stock worth $5,554,000 after purchasing an additional 272,686 shares during the period. Morgan Stanley boosted its stake in Denison Mines by 31.8% during the 3rd quarter. Morgan Stanley now owns 2,168,400 shares of the basic materials company’s stock worth $1,442,000 after purchasing an additional 523,600 shares during the period. Exane Derivatives boosted its stake in Denison Mines by 1,140.6% during the 4th quarter. Exane Derivatives now owns 1,392,224 shares of the basic materials company’s stock worth $643,000 after purchasing an additional 1,280,000 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in Denison Mines by 2.8% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 2,735,180 shares of the basic materials company’s stock worth $1,269,000 after purchasing an additional 74,000 shares during the period.

Denison Mines Company Profile

Denison Mines Corp. engages in uranium mining related activities in Canada. The company acquires, explores for, and develops uranium properties; and extracts, processes, and sells uranium. Its assets include a 22.50% interest in the McClean Lake uranium processing facility and uranium deposits; a 25.17% interest in the Midwest uranium project; and a 63.3% interest in the Wheeler River project located in northern Saskatchewan.

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