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

StockNews.com upgraded shares of Denison Mines (NYSEAMERICAN:DNNFree Report) (TSE:DML) to a sell rating in a research note issued to investors on Saturday.

Denison Mines Stock Performance

Denison Mines stock opened at $2.08 on Friday. Denison Mines has a 12-month low of $0.98 and a 12-month high of $2.15. The firm has a market cap of $1.85 billion, a P/E ratio of 26.00 and a beta of 1.68.

Denison Mines (NYSEAMERICAN:DNNGet Free Report) (TSE:DML) last announced its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $0.80 million during the quarter. Denison Mines had a net margin of 1,069.10% and a return on equity of 18.87%. On average, equities research analysts expect that Denison Mines will post -0.01 EPS for the current fiscal year.

Institutional Trading of Denison Mines

Several institutional investors have recently made changes to their positions in DNN. FMR LLC bought a new position in Denison Mines during the third quarter valued at about $39,013,000. MMCAP International Inc. SPC grew its position in Denison Mines by 37.7% during the fourth quarter. MMCAP International Inc. SPC now owns 31,390,336 shares of the basic materials company’s stock valued at $54,148,000 after buying an additional 8,592,121 shares during the period. Point72 Asset Management L.P. grew its position in Denison Mines by 61.1% during the fourth quarter. Point72 Asset Management L.P. now owns 9,632,100 shares of the basic materials company’s stock valued at $17,049,000 after buying an additional 3,651,300 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Denison Mines by 7.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,008,885 shares of the basic materials company’s stock valued at $86,228,000 after buying an additional 3,342,434 shares during the period. Finally, Segra Capital Management LLC grew its position in Denison Mines by 10.5% during the second quarter. Segra Capital Management LLC now owns 29,603,529 shares of the basic materials company’s stock valued at $37,004,000 after buying an additional 2,811,997 shares during the period. Institutional investors own 36.74% of the company’s stock.

About Denison Mines

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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.

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