Denison Mines Corp (DNN) Upgraded at Zacks Investment Research
Denison Mines Corp (NYSEMKT:DNN) (TSE:DML) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $0.50 price objective on the stock. Zacks Investment Research’s price objective suggests a potential upside of 6.38% from the stock’s previous close.
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 reaffirmed a “buy” rating and issued a $1.60 price target on shares of Denison Mines Corp in a report on Wednesday, August 10th.
Denison Mines Corp (NYSEMKT:DNN) traded down 3.09% during mid-day trading on Tuesday, reaching $0.47. The company had a trading volume of 506,165 shares. The stock has a 50 day moving average price of $0.44 and a 200 day moving average price of $0.50. The company’s market capitalization is $250.71 million. Denison Mines Corp has a one year low of $0.35 and a one year high of $0.67.
Large investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board purchased a new position in Denison Mines Corp during the second quarter worth approximately $111,000. Commonwealth Equity Services Inc purchased a new position in Denison Mines Corp during the second quarter worth approximately $133,000. Emerald Acquisition Ltd. purchased a new position in Denison Mines Corp during the second quarter worth approximately $133,000. Bank of Montreal Can purchased a new position in Denison Mines Corp during the second quarter worth approximately $157,000. Finally, TD Asset Management Inc. raised its position in 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.
Denison Mines Corp Company Profile
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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