Denison Mines Corp (NYSEMKT:DNN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
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 issued a $1.60 price target on shares of Denison Mines Corp in a research report on Wednesday, August 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $1.27.
Denison Mines Corp (NYSEMKT:DNN) opened at 0.4749 on Tuesday. Denison Mines Corp has a 1-year low of $0.35 and a 1-year high of $0.67. The stock’s 50 day moving average is $0.51 and its 200-day moving average is $0.54. The firm’s market cap is $253.32 million.
A number of large investors have recently made changes to their positions in DNN. TD Asset Management Inc. raised its stake in shares of Denison Mines 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 stake in shares of Denison Mines Corp during the second quarter worth approximately $111,000. Commonwealth Equity Services Inc acquired a new stake in shares of Denison Mines Corp during the second quarter worth approximately $133,000. Emerald Acquisition Ltd. acquired a new stake in shares of Denison Mines Corp during the second quarter worth approximately $133,000. Finally, Bank of Montreal Can acquired a new stake in shares of Denison Mines Corp during the second quarter worth approximately $157,000.
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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