Denison Mines Corp (NYSEMKT:DNN) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Denison Mines Corp (NYSEMKT:DNN) (TSE:DML) from a buy rating to a hold rating in a research report released on Wednesday morning.

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 “

Several other research firms have also recently weighed in on DNN. Credit Suisse Group reiterated a neutral rating on shares of Denison Mines Corp in a research report on Tuesday, April 18th. BidaskClub upgraded shares of Denison Mines Corp from a strong sell rating to a sell rating in a report on Wednesday. Finally, ValuEngine cut shares of Denison Mines Corp from a hold rating to a sell rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $1.03.

Shares of Denison Mines Corp (NYSEMKT:DNN) opened at 0.4699 on Wednesday. The stock’s 50 day moving average price is $0.45 and its 200 day moving average price is $0.59. The firm’s market cap is $262.71 million. Denison Mines Corp has a 12-month low of $0.13 and a 12-month high of $0.84.

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Several institutional investors have recently bought and sold shares of DNN. Gagnon Securities LLC bought a new position in Denison Mines Corp during the second quarter valued at approximately $166,000. Credit Suisse AG boosted its position in Denison Mines Corp by 67.7% in the first quarter. Credit Suisse AG now owns 307,750 shares of the basic materials company’s stock valued at $191,000 after buying an additional 124,195 shares in the last quarter. Renaissance Technologies LLC boosted its position in Denison Mines Corp by 318.1% in the first quarter. Renaissance Technologies LLC now owns 519,700 shares of the basic materials company’s stock valued at $321,000 after buying an additional 395,400 shares in the last quarter. TD Asset Management Inc. boosted its position in Denison Mines Corp by 7.9% in the first quarter. TD Asset Management Inc. now owns 519,162 shares of the basic materials company’s stock valued at $405,000 after buying an additional 37,985 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in Denison Mines Corp by 20.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 1,419,280 shares of the basic materials company’s stock valued at $880,000 after buying an additional 239,500 shares in the last quarter.

Denison Mines Corp Company Profile

Denison Mines Corp. is a uranium exploration and development company. The Company is engaged in the acquisition, exploration and development of uranium properties, extraction, processing and selling of uranium. The Company operates in three segments: the Mining segment, the Environmental Services segment, and the Corporate and Other segment.

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