Denison Mines Corp (NYSEMKT:DNN) (TSE:DML) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, July 19th.
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 “
A number of other equities analysts have also recently weighed in on the stock. BidaskClub raised shares of Denison Mines Corp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Credit Suisse Group cut shares of Denison Mines Corp from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 18th. Finally, ValuEngine cut shares of Denison Mines Corp from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Denison Mines Corp has a consensus rating of “Hold” and an average price target of $1.03.
Shares of Denison Mines Corp (DNN) opened at 0.4583 on Wednesday. The firm has a 50-day moving average price of $0.46 and a 200-day moving average price of $0.57. The firm’s market capitalization is $256.23 million. Denison Mines Corp has a 1-year low of $0.13 and a 1-year high of $0.84.
Several institutional investors have recently modified their holdings of DNN. TD Asset Management Inc. boosted its position in shares of Denison Mines Corp by 4.1% in the second quarter. TD Asset Management Inc. now owns 540,677 shares of the basic materials company’s stock valued at $433,000 after buying an additional 21,515 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Denison Mines Corp by 1.2% in the first quarter. JPMorgan Chase & Co. now owns 5,754,422 shares of the basic materials company’s stock valued at $3,568,000 after buying an additional 68,935 shares during the last quarter. Credit Suisse AG boosted its position in shares of 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 during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in shares of 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 during the last quarter. Finally, Gagnon Securities LLC bought a new position in shares of Denison Mines Corp during the second quarter valued at approximately $166,000.
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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