Denison Mines (NYSEAMERICAN:DNN) Stock Price Down 2.8%

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) shares dropped 2.8% on Friday . The company traded as low as $1.57 and last traded at $1.58. Approximately 1,094,860 shares were traded during trading, a decline of 93% from the average daily volume of 15,547,013 shares. The stock had previously closed at $1.62.

Analysts Set New Price Targets

DNN has been the topic of several research reports. StockNews.com upgraded shares of Denison Mines to a “sell” rating in a report on Wednesday, July 31st. Roth Mkm began coverage on Denison Mines in a research note on Thursday, June 27th. They set a “buy” rating and a $2.60 price objective on the stock. Roth Capital upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Thursday, June 27th. National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, Scotiabank upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, one has assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Denison Mines has an average rating of “Buy” and a consensus price target of $2.60.

Denison Mines Stock Performance

The stock has a market cap of $1.40 billion, a PE ratio of 22.36 and a beta of 1.70. The business has a fifty day moving average of $1.98.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last announced its earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $0.97 million during the quarter, compared to the consensus estimate of $0.80 million. Denison Mines had a net margin of 950.42% and a return on equity of 9.45%. As a group, equities research analysts forecast that Denison Mines Corp. will post -0.06 EPS for the current year.

Hedge Funds Weigh In On Denison Mines

Institutional investors have recently added to or reduced their stakes in the business. &PARTNERS bought a new position in Denison Mines in the 1st quarter valued at about $34,000. Avantax Advisory Services Inc. raised its stake 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 purchasing an additional 6,000 shares during the period. RPS Advisory Solutions LLC purchased a new position in shares of Denison Mines in the 2nd quarter worth about $46,000. Legacy Capital Group California Inc. raised 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 acquiring an additional 13,248 shares during the period. Finally, Toronto Dominion Bank raised its holdings in shares of Denison Mines by 39.4% in the 2nd quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 6,777 shares during the period. 36.74% of the stock is owned by institutional investors and hedge funds.

Denison Mines Company Profile

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.