Denison Mines (NYSEAMERICAN:DNN) Trading Up 6.3%

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) shares were up 6.3% on Tuesday . The company traded as high as $1.54 and last traded at $1.52. Approximately 334,743 shares changed hands during trading, a decline of 98% from the average daily volume of 18,667,137 shares. The stock had previously closed at $1.43.

A number of research analysts recently issued reports on DNN shares. Zacks Investment Research downgraded shares of Denison Mines from a “hold” rating to a “sell” rating in a research report on Thursday, September 9th. Canaccord Genuity reiterated a “buy” rating and issued a C$3.00 target price (up previously from C$2.50) on shares of Denison Mines in a research note on Thursday, September 23rd. TheStreet upgraded shares of Denison Mines from a “d+” rating to a “c” rating in a research note on Thursday, September 2nd. Raymond James upped their target price on shares of Denison Mines from C$2.10 to C$2.40 and gave the stock an “outperform” rating in a research note on Friday, September 17th. Finally, TD Securities upped their target price on shares of Denison Mines from C$1.65 to C$2.40 and gave the stock a “hold” rating in a research note on Wednesday, September 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $2.26.

The company has a market capitalization of $1.38 billion, a PE ratio of -85.50 and a beta of 2.18.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Swiss National Bank bought a new position in Denison Mines during the second quarter valued at about $2,048,000. TD Asset Management Inc. bought a new position in Denison Mines during the first quarter valued at about $2,004,000. Citigroup Inc. grew its position in Denison Mines by 1,665,541.7% during the first quarter. Citigroup Inc. now owns 199,877 shares of the basic materials company’s stock valued at $218,000 after buying an additional 199,865 shares during the period. Caption Management LLC bought a new position in Denison Mines during the first quarter worth about $221,000. Finally, Integrated Advisors Network LLC bought a new position in Denison Mines during the second quarter worth about $48,000. Institutional investors own 21.54% of the company’s stock.

About Denison Mines (NYSEAMERICAN:DNN)

Denison Mines Corp. engages in the exploration and development of uranium. The firm has interest in McClean Lake and Mill, Wheeler River, Waterbury, Midwest, and Hook-Carter projects. It operates through the following segments: Mining, Closed Mines, and Corporate and Other. The company was founded on May 9, 1997 and is headquartered in Toronto, Canada.

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