Denison Mine Corp (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) hit a new 52-week low on Monday. The company traded as low as $2.10 and last traded at $2.1350, with a volume of 2,631,320 shares. The stock had previously closed at $2.17.
Analyst Upgrades and Downgrades
Several research firms have issued reports on DNN. Zacks Research downgraded Denison Mine from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. Royal Bank Of Canada assumed coverage on Denison Mine in a research report on Monday, July 13th. They set an “outperform” rating for the company. Finally, Jefferies Financial Group started coverage on Denison Mine in a report on Thursday, September 3rd. They set a “buy” rating for the company. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.38.
Get Our Latest Stock Report on DNN
Denison Mine Price Performance
The stock has a market cap of $1.98 billion, a price-to-earnings ratio of -9.93 and a beta of 1.37. The company has a debt-to-equity ratio of 2.38, a quick ratio of 9.14 and a current ratio of 9.41. The company has a 50-day simple moving average of $2.87 and a two-hundred day simple moving average of $3.16.
Institutional Trading of Denison Mine
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in Denison Mine by 22.4% during the second quarter. Van ECK Associates Corp now owns 87,521,620 shares of the basic materials company’s stock worth $267,557,000 after acquiring an additional 16,013,484 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Denison Mine by 275.0% in the 1st quarter. Renaissance Technologies LLC now owns 9,455,713 shares of the basic materials company’s stock valued at $33,379,000 after acquiring an additional 6,934,400 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Denison Mine in the 2nd quarter valued at about $16,541,000. Goehring & Rozencwajg Associates LLC increased its stake in shares of Denison Mine by 19.4% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 4,720,615 shares of the basic materials company’s stock worth $16,664,000 after purchasing an additional 767,863 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of Denison Mine during the 2nd quarter worth about $13,237,000. 36.74% of the stock is owned by institutional investors.
Denison Mine Company Profile
Denison Mines Corp. is a uranium exploration, development and production-stage company focused primarily on projects in Canada’s Athabasca Basin in northern Saskatchewan. The region is known for its high-grade uranium deposits. Denison’s activities include mineral exploration, project evaluation, mine development and interests in uranium production assets.
The company’s principal development asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Denison has advanced Phoenix as an in-situ recovery project and continues to evaluate development plans for its uranium resources.
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