Denison Mine (NYSEAMERICAN:DNN) Stock Dropped to “Strong Sell” by Zacks Research

by · The Cerbat Gem

Zacks Research cut shares of Denison Mine (NYSEAMERICAN:DNN – Free Report) (TSE:DML) from a hold rating to a strong sell rating in a report issued on Thursday,Zacks reports.

A number of other research firms have also weighed in on DNN. Royal Bank Of Canada began coverage on Denison Mine in a research report on Monday, July 13th. They set an “outperform” rating for the company. Jefferies Financial Group initiated coverage on Denison Mine in a research note on Thursday, September 3rd. They set a “buy” rating for the company. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Denison Mine presently has an average rating of “Moderate Buy” and an average target price of $5.38.

Check Out Our Latest Research Report on Denison Mine

Denison Mine Stock Down 3.4%

Shares of DNN stock traded down $0.08 during trading hours on Thursday, hitting $2.28. 21,184,293 shares of the company’s stock traded hands, compared to its average volume of 29,025,852. The stock’s fifty day simple moving average is $2.98 and its two-hundred day simple moving average is $3.21. Denison Mine has a 12-month low of $2.10 and a 12-month high of $4.43. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of -10.36 and a beta of 1.37. The company has a quick ratio of 9.14, a current ratio of 9.41 and a debt-to-equity ratio of 2.38.

Institutional Trading of Denison Mine

Institutional investors and hedge funds have recently modified their holdings of the business. TD Waterhouse Canada Inc. bought a new position in shares of Denison Mine during the third quarter valued at $1,382,000. SLT Holdings LLC purchased a new position in Denison Mine in the 3rd quarter worth about $26,000. Azarias Capital Management L.P. purchased a new position in Denison Mine in the 3rd quarter worth about $10,771,000. Shore Point Advisors LLC purchased a new stake in shares of Denison Mine during the 3rd quarter valued at about $26,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Denison Mine in the third quarter worth approximately $28,000. Institutional investors own 36.74% of the company’s stock.

About Denison Mine

(Get Free Report)

Denison Mines Corp. is a uranium exploration, development and production company focused primarily on the Athabasca Basin in northern Saskatchewan, Canada. The company’s activities include the acquisition, evaluation and advancement of uranium mineral properties, with an emphasis on projects that could support future uranium production.

Denison’s flagship asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Phoenix is being advanced as an in-situ recovery project, while Gryphon is being evaluated as an underground mining operation.

Featured Articles