Denison Mines Corp (DNN) Stock Rating Lowered by Zacks Investment Research
Denison Mines Corp (NYSEMKT:DNN) (TSE:DML) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “DENISON MINES CORPORATION is the premier intermediate uranium producer in North America, with mining assets in the Athabasca Basin Region of Saskatchewan, Canada and the southwest United States including Colorado, Utah, and Arizona. Further,they has ownership interests in two of the four conventional uranium mills operating in North America today. The Company also has a strong exploration and development portfolio with large land positions in the United States, Canada, Zambia and Mongolia “
Separately, Dundee Securities reiterated a “buy” rating and set a $1.60 target price on shares of Denison Mines Corp in a report on Wednesday, August 10th.
Denison Mines Corp (NYSEMKT:DNN) opened at 0.4689 on Tuesday. The stock’s 50 day moving average price is $0.43 and its 200-day moving average price is $0.50. Denison Mines Corp has a one year low of $0.35 and a one year high of $0.67. The firm’s market cap is $250.12 million.
Institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new position in shares of Denison Mines Corp during the second quarter worth $111,000. Commonwealth Equity Services Inc acquired a new position in shares of Denison Mines Corp during the second quarter worth $133,000. Emerald Acquisition Ltd. acquired a new position in shares of Denison Mines Corp during the second quarter worth $133,000. Bank of Montreal Can acquired a new position in shares of Denison Mines Corp during the second quarter worth $157,000. Finally, TD Asset Management Inc. increased its position in shares of Denison Mines Corp by 8.0% in the second quarter. TD Asset Management Inc. now owns 476,553 shares of the company’s stock worth $382,000 after buying an additional 35,487 shares during the period.
About Denison Mines Corp
Denison Mines Corp. is a uranium exploration and development company. The Company is engaged in the acquisition, exploration and development of uranium properties, extraction, processing and selling of uranium. The Company operates in three segments: the Mining segment, the Environmental Services segment, and the Corporate and Other segment.
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