Denison Mines (NYSEAMERICAN:DNN) Stock Price Down 5.4%


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Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML)’s share price traded down 5.4% during mid-day trading on Tuesday . The company traded as low as $1.23 and last traded at $1.23. 327,804 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 30,592,520 shares. The stock had previously closed at $1.30.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Denison Mines from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a research note on Friday, March 26th. TD Securities upped their price target on shares of Denison Mines from $1.00 to $1.55 and gave the stock a “hold” rating in a research note on Thursday, February 25th. Canaccord Genuity upped their price target on shares of Denison Mines from $0.90 to $1.10 and gave the stock a “buy” rating in a research note on Thursday, January 21st. Finally, Raymond James upped their price target on shares of Denison Mines from $1.20 to $1.70 and gave the stock a “market perform” rating in a research note on Wednesday, March 24th.

The stock has a 50-day moving average price of $0.51. The firm has a market capitalization of $961.95 million, a price-to-earnings ratio of -60.00 and a beta of 2.16.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last issued its earnings results on Thursday, March 4th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.01). Denison Mines had a negative return on equity of 7.12% and a negative net margin of 103.08%. The business had revenue of $3.14 million during the quarter. Research analysts expect that Denison Mines Corp. will post -0.03 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bienville Capital Management LLC increased its holdings in Denison Mines by 808.6% in the 4th quarter. Bienville Capital Management LLC now owns 2,291,988 shares of the basic materials company’s stock worth $1,483,000 after acquiring an additional 2,039,720 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Denison Mines by 118.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,520,116 shares of the basic materials company’s stock worth $2,278,000 after acquiring an additional 1,910,619 shares in the last quarter. Clear Creek Financial Management LLC purchased a new stake in Denison Mines in the 4th quarter worth approximately $598,000. Morgan Stanley increased its holdings in Denison Mines by 13.9% in the 3rd quarter. Morgan Stanley now owns 5,351,951 shares of the basic materials company’s stock worth $2,175,000 after acquiring an additional 654,135 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Denison Mines by 320.9% in the 4th quarter. Renaissance Technologies LLC now owns 776,500 shares of the basic materials company’s stock worth $502,000 after acquiring an additional 592,000 shares in the last quarter. 11.94% of the stock is owned by hedge funds and other institutional investors.

About Denison Mines (NYSEAMERICAN:DNN)

Denison Mines Corp. operates as a uranium exploration and development company in Canada. Its flagship project is the 90% interest owned Wheeler River Uranium project located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.

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