Denison Mines (NYSEAMERICAN:DNN) Coverage Initiated by Analysts at Desjardins

Analysts at Desjardins began coverage on shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) in a research note issued to investors on Friday. The brokerage set a “buy” rating on the basic materials company’s stock.

Separately, Scotiabank restated an “outperform” rating on shares of Denison Mines in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $3.00.

Denison Mines Stock Down 7.7 %

DNN stock traded down $0.10 during midday trading on Friday, reaching $1.15. The stock had a trading volume of 18,001,333 shares, compared to its average volume of 26,627,047. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -114.30 and a beta of 1.75. Denison Mines has a twelve month low of $1.13 and a twelve month high of $2.47. The business has a fifty day simple moving average of $1.61 and a two-hundred day simple moving average of $1.89.

Institutional Trading of Denison Mines

Several institutional investors and hedge funds have recently bought and sold shares of DNN. BNP Paribas Financial Markets bought a new stake in Denison Mines during the third quarter worth $505,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Denison Mines by 14.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,200,078 shares of the basic materials company’s stock valued at $5,856,000 after purchasing an additional 404,410 shares during the last quarter. Janus Henderson Group PLC increased its position in Denison Mines by 19.5% during the third quarter. Janus Henderson Group PLC now owns 3,963,565 shares of the basic materials company’s stock worth $7,230,000 after buying an additional 647,046 shares during the last quarter. National Bank of Canada FI raised its stake in Denison Mines by 89.1% in the third quarter. National Bank of Canada FI now owns 935,567 shares of the basic materials company’s stock valued at $1,708,000 after buying an additional 440,921 shares during the period. Finally, XTX Topco Ltd lifted its position in shares of Denison Mines by 6,560.7% in the third quarter. XTX Topco Ltd now owns 802,020 shares of the basic materials company’s stock valued at $1,468,000 after buying an additional 789,979 shares during the last quarter. Institutional investors own 36.74% of the company’s stock.

Denison Mines Company Profile

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.