Denison Mines Corp (NYSEMKT:DNN) Downgraded by Zacks Investment Research to Hold
Denison Mines Corp (NYSEMKT:DNN) (TSE:DML) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
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 “
DNN has been the topic of several other reports. Credit Suisse Group restated a “neutral” rating on shares of Denison Mines Corp in a report on Tuesday, April 18th. BidaskClub upgraded Denison Mines Corp from a “strong sell” rating to a “sell” rating in a report on Wednesday. Finally, ValuEngine cut Denison Mines Corp from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $1.03.
Denison Mines Corp (NYSEMKT:DNN) traded up 3.7600% on Wednesday, reaching $0.5188. 639,223 shares of the company’s stock were exchanged. The company’s market cap is $290.05 million. Denison Mines Corp has a 52 week low of $0.13 and a 52 week high of $0.84. The stock’s 50 day moving average is $0.44 and its 200 day moving average is $0.59.
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Hedge funds have recently made changes to their positions in the stock. Credit Suisse AG boosted its stake 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. TD Asset Management Inc. boosted its stake 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 valued at $405,000 after buying an additional 37,985 shares during the last quarter. Renaissance Technologies LLC boosted its stake 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 valued at $321,000 after buying an additional 395,400 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake 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, Norges Bank bought a new stake in shares of Denison Mines Corp during the fourth quarter valued at approximately $1,065,000.
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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