Denison Mine Corp. (DNN) Upgraded by Zacks Investment Research to “Buy”
Denison Mine Corp. (NYSEMKT:DNN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm presently has a $0.50 price objective on the stock. Zacks Investment Research’s target price would indicate a potential upside of 5.06% from the stock’s previous close.
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 “
Separately, Dundee Securities reiterated a “buy” rating and set a $1.60 target price on shares of Denison Mine Corp. in a research report on Wednesday, August 10th. Five investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $1.27.
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Shares of Denison Mine Corp. (NYSEMKT:DNN) traded up 0.1265% during midday trading on Wednesday, hitting $0.4751. 106,626 shares of the stock traded hands. Denison Mine Corp. has a 52 week low of $0.35 and a 52 week high of $0.67. The stock’s market capitalization is $253.43 million. The firm has a 50-day moving average price of $0.51 and a 200-day moving average price of $0.54.
Several hedge funds and other institutional investors have recently modified their holdings of DNN. Renaissance Technologies LLC increased its position in Denison Mine Corp. by 503.9% in the first quarter. Renaissance Technologies LLC now owns 1,011,500 shares of the company’s stock worth $569,000 after buying an additional 844,000 shares during the last quarter. Gagnon Securities LLC bought a new position in Denison Mine Corp. during the second quarter worth about $415,000. Commerzbank Aktiengesellschaft FI increased its position in Denison Mine Corp. by 65.8% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,466,940 shares of the company’s stock worth $807,000 after buying an additional 581,966 shares during the last quarter. Bank of Montreal Can bought a new position in Denison Mine Corp. during the second quarter worth about $157,000. Finally, Emerald Acquisition Ltd. bought a new position in Denison Mine Corp. during the second quarter worth about $133,000.
Denison Mine 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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