Denison Mines (NYSEAMERICAN:DNN) Raised to “Sell” at StockNews.com

StockNews.com upgraded shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) to a sell rating in a research note published on Wednesday.

Several other research firms also recently commented on DNN. Roth Mkm assumed coverage on Denison Mines in a report on Thursday, June 27th. They issued a buy rating and a $2.60 target price on the stock. Scotiabank raised shares of Denison Mines to a strong-buy rating in a report on Tuesday, July 2nd. Finally, Roth Capital upgraded shares of Denison Mines to a strong-buy rating in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of $2.60.

Denison Mines Stock Down 9.4 %

NYSEAMERICAN DNN opened at $1.60 on Wednesday. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 22.57 and a beta of 1.73. The company’s 50 day moving average price is $2.02. Denison Mines has a twelve month low of $1.23 and a twelve month high of $2.47.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last released its earnings results on Wednesday, May 8th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates 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. On average, research analysts predict that Denison Mines will post -0.06 EPS for the current year.

Hedge Funds Weigh In On Denison Mines

A number of hedge funds have recently made changes to their positions in the business. Glenorchy Capital Ltd purchased a new position in shares of Denison Mines during the fourth quarter valued at about $25,000. &PARTNERS bought a new stake in Denison Mines in the 1st quarter worth approximately $34,000. Avantax Advisory Services Inc. raised its holdings in shares of 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 worth $33,000 after acquiring an additional 6,000 shares in the last quarter. RPS Advisory Solutions LLC purchased a new position in shares of Denison Mines in the second quarter valued at $46,000. Finally, Legacy Capital Group California Inc. increased its position in Denison Mines by 131.7% in the second quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 13,248 shares during the last quarter. 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.