Denison Mine Corp. (DNN) Upgraded to “Buy” at Zacks Investment Research
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 brokerage presently has a $0.50 price target on the stock. Zacks Investment Research’s target price would suggest 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 restated a “buy” rating and issued a $1.60 target price on shares of Denison Mine Corp. in a research note on Wednesday, August 10th. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of $1.27.
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Denison Mine Corp. (NYSEMKT:DNN) traded up 0.1265% on Wednesday, hitting $0.4751. The stock had a trading volume of 106,626 shares. Denison Mine Corp. has a 52 week low of $0.35 and a 52 week high of $0.67. The company has a 50-day moving average price of $0.51 and a 200-day moving average price of $0.54. The stock’s market capitalization is $253.43 million.
A number of institutional investors have recently added to or reduced their stakes in the stock. TD Asset Management Inc. increased its position in shares of Denison Mine Corp. by 8.0% in the second quarter. TD Asset Management Inc. now owns 476,553 shares of the company’s stock worth $382,000 after buying an additional 35,487 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Denison Mine Corp. during the second quarter worth $111,000. Commonwealth Equity Services Inc acquired a new position in shares of Denison Mine Corp. during the second quarter worth $133,000. Emerald Acquisition Ltd. acquired a new position in shares of Denison Mine Corp. during the second quarter worth $133,000. Finally, Bank of Montreal Can acquired a new position in shares of Denison Mine Corp. during the second quarter worth $157,000.
About Denison Mine 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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