Denison Mines Corp (NYSEMKT:DNN) Cut to “Hold” at Zacks Investment Research

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 research firms have also recently commented on DNN. Credit Suisse Group reissued a “neutral” rating on shares of Denison Mines Corp in a research note on Tuesday, April 18th. BidaskClub raised Denison Mines Corp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, ValuEngine downgraded 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 assigned a hold rating and one has issued a buy rating to the company. Denison Mines Corp presently has an average rating of “Hold” and a consensus price target of $0.75.

Shares of Denison Mines Corp (NYSEMKT DNN) traded up 0.7364% during trading on Wednesday, reaching $0.4514. The company’s stock had a trading volume of 154,526 shares. The stock’s 50 day moving average is $0.47 and its 200 day moving average is $0.56. The firm’s market cap is $252.37 million. Denison Mines Corp has a one year low of $0.37 and a one year high of $0.84.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Gagnon Securities LLC acquired a new position in shares of Denison Mines Corp during the second quarter worth about $166,000. Credit Suisse AG increased 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 worth $191,000 after buying an additional 124,195 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of 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 worth $321,000 after buying an additional 395,400 shares during the last quarter. TD Asset Management Inc. increased its position in shares of 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 worth $405,000 after buying an additional 37,985 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of Denison Mines Corp by 3.6% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,470,280 shares of the basic materials company’s stock worth $648,000 after buying an additional 51,000 shares during the last quarter.

About Denison Mines Corp

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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