Roth Mkm Initiates Coverage on Denison Mines (NYSEAMERICAN:DNN)

Roth Mkm started coverage on shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) in a research report sent to investors on Thursday morning, MarketBeat reports. The firm issued a buy rating and a $2.60 price objective on the basic materials company’s stock.

Separately, StockNews.com upgraded shares of Denison Mines to a sell rating in a research note on Sunday, May 19th.

Denison Mines Trading Down 5.2 %

Shares of NYSEAMERICAN:DNN opened at $1.99 on Thursday. Denison Mines has a twelve month low of $1.15 and a twelve month high of $2.47. The company has a market capitalization of $1.78 billion, a PE ratio of 28.43 and a beta of 1.72.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). Denison Mines had a net margin of 888.36% and a return on equity of 12.96%. The firm had revenue of $0.62 million for the quarter. As a group, analysts expect that Denison Mines will post -0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Denison Mines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DNN. Glenorchy Capital Ltd purchased a new stake in Denison Mines during the 4th quarter valued at approximately $25,000. Avantax Advisory Services Inc. grew its holdings in Denison Mines by 47.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 18,600 shares of the basic materials company’s stock valued at $33,000 after buying an additional 6,000 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Denison Mines during the 4th quarter valued at approximately $34,000. &PARTNERS purchased a new stake in Denison Mines during the 1st quarter valued at approximately $34,000. Finally, Anchor Investment Management LLC purchased a new stake in Denison Mines during the 4th quarter valued at approximately $46,000. 36.74% of the stock is owned by hedge funds and other institutional investors.

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.