Denison Mines (NYSEAMERICAN:DNN) Shares Down 5.1%

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) fell 5.1% on Tuesday . The company traded as low as $2.02 and last traded at $2.03. 4,784,630 shares traded hands during trading, a decline of 67% from the average session volume of 14,671,188 shares. The stock had previously closed at $2.14.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Denison Mines to a “sell” rating in a report on Friday, April 5th.

Denison Mines Price Performance

The company has a market cap of $1.79 billion, a P/E ratio of 25.25 and a beta of 1.68.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last announced its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. Denison Mines had a return on equity of 17.41% and a net margin of 1,069.10%. The firm had revenue of $0.80 million for the quarter. Analysts expect that Denison Mines Corp. will post -0.01 EPS for the current year.

Institutional Investors Weigh In On Denison Mines

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. lifted its holdings in Denison Mines by 47.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 18,600 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 6,000 shares during the period. Arlington Capital Management Inc. lifted its stake in shares of Denison Mines by 1.7% in the 1st quarter. Arlington Capital Management Inc. now owns 432,797 shares of the basic materials company’s stock worth $844,000 after purchasing an additional 7,027 shares during the period. Rathbones Group PLC boosted its holdings in shares of Denison Mines by 12.9% in the third quarter. Rathbones Group PLC now owns 65,500 shares of the basic materials company’s stock worth $108,000 after buying an additional 7,500 shares during the last quarter. Kestra Advisory Services LLC grew its position in Denison Mines by 41.9% during the third quarter. Kestra Advisory Services LLC now owns 34,050 shares of the basic materials company’s stock valued at $56,000 after buying an additional 10,050 shares during the period. Finally, Mutual Advisors LLC increased its holdings in Denison Mines by 73.4% during the third quarter. Mutual Advisors LLC now owns 28,312 shares of the basic materials company’s stock valued at $47,000 after buying an additional 11,982 shares during the last quarter. Hedge funds and other institutional investors own 36.74% of the company’s stock.

About Denison Mines

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares 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.