Denison Mine (NYSEAMERICAN:DNN) Shares Down 7.1% – Should You Sell?

Shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) fell 7.1% during trading on Thursday . The stock traded as low as $3.40 and last traded at $3.3160. 7,523,450 shares traded hands during trading, a decline of 85% from the average session volume of 48,607,965 shares. The stock had previously closed at $3.57.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DNN shares. TD Securities lifted their price objective on shares of Denison Mine from $6.00 to $6.50 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Scotiabank restated an “outperform” rating on shares of Denison Mine in a research note on Friday, February 20th. Raymond James Financial reaffirmed an “outperform” rating on shares of Denison Mine in a report on Wednesday, January 14th. Roth Mkm reaffirmed a “buy” rating and set a $4.25 price target on shares of Denison Mine in a research report on Wednesday, February 18th. Finally, Zacks Research upgraded Denison Mine from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $5.38.

Denison Mine Stock Down 4.6%

The company has a quick ratio of 10.51, a current ratio of 10.75 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of -20.03 and a beta of 1.18. The business’s 50-day moving average is $3.87 and its 200-day moving average is $3.14.

Hedge Funds Weigh In On Denison Mine

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of Denison Mine during the 4th quarter worth approximately $27,000. Summitry LLC purchased a new stake in Denison Mine in the 4th quarter worth $27,000. First Citizens Bank & Trust Co. purchased a new stake in Denison Mine in the 4th quarter worth $27,000. Invesco Ltd. acquired a new position in Denison Mine during the fourth quarter worth $27,000. Finally, Ritter Daniher Financial Advisory LLC DE acquired a new position in Denison Mine during the third quarter worth $28,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mine Company Profile

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.