Zacks Investment Research upgraded shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) from a sell rating to a hold rating in a research note published on Monday, 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 “

Separately, Raymond James set a $1.00 price objective on shares of Denison Mines and gave the stock a hold rating in a report on Friday, August 30th.

Shares of Denison Mines stock opened at $0.49 on Monday. Denison Mines has a 52-week low of $0.38 and a 52-week high of $0.69.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last posted its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.01) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.01). The firm had revenue of $3.09 million for the quarter, compared to the consensus estimate of $4.00 million.

Hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Advisors LLC increased its stake in shares of Denison Mines by 23.8% in the 2nd quarter. Cetera Advisors LLC now owns 1,257,258 shares of the basic materials company’s stock worth $658,000 after acquiring an additional 241,437 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Denison Mines by 507.8% in the 2nd quarter. Bank of Montreal Can now owns 162,243 shares of the basic materials company’s stock worth $85,000 after acquiring an additional 135,550 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Denison Mines by 6.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 12,652,270 shares of the basic materials company’s stock worth $6,778,000 after acquiring an additional 787,488 shares in the last quarter. Finally, Bienville Capital Management LLC increased its stake in shares of 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 worth $557,000 after acquiring an additional 48,280 shares in the last quarter.

About Denison Mines

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.

Further Reading: What is Cost of Goods Sold (COGS)?

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