Zacks Investment Research lowered shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) from a hold rating to a sell rating in a report issued on Wednesday, Zacks.com reports.

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 “

Denison Mines stock opened at $0.47 on Wednesday. Denison Mines has a 1 year low of $0.44 and a 1 year high of $0.69.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $2.99 million during the quarter, compared to analyst estimates of $4.00 million.

A number of hedge funds have recently made changes to their positions in DNN. Cetera Advisors LLC lifted its holdings in Denison Mines by 270.3% in the 1st quarter. Cetera Advisors LLC now owns 1,015,821 shares of the basic materials company’s stock valued at $523,000 after purchasing an additional 741,492 shares in the last quarter. RDA Financial Network purchased a new position in Denison Mines in the 1st quarter valued at $39,000. Bienville Capital Management LLC lifted its holdings in Denison Mines by 4.7% in the 1st quarter. Bienville Capital Management LLC now owns 1,073,456 shares of the basic materials company’s stock valued at $557,000 after purchasing an additional 48,280 shares in the last quarter. Heathbridge Capital Management Ltd. lifted its holdings in Denison Mines by 16.0% in the 1st quarter. Heathbridge Capital Management Ltd. now owns 210,300 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 29,000 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in Denison Mines by 42.5% in the 4th quarter. Brown Advisory Inc. now owns 97,054 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 28,958 shares in the last quarter.

Denison Mines Company Profile

Denison Mines Corp. operates as a uranium exploration and development company with focuses in the Athabasca Basin region of northern Saskatchewan, Canada. Its projects primarily includes the Wheeler River, the Waterbury, the Midwest, the McClean Lake and Mill, and the Hook-Carter that covers approximately 320,000 hectares in the Athabasca Basin region.

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