Denison Mines (NYSEAMERICAN:DNN) Shares Down 5.1%

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML)’s stock price was down 5.1% during trading on Tuesday . The stock traded as low as $2.02 and last traded at $2.03. Approximately 4,784,630 shares traded hands during trading, a decline of 67% from the average daily volume of 14,671,188 shares. The stock had previously closed at $2.14.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Denison Mines to a “sell” rating in a research report on Friday, April 5th.

Denison Mines Price Performance

The stock has a market cap of $1.79 billion, a P/E ratio of 25.25 and a beta of 1.68.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last posted its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. Denison Mines had a net margin of 1,069.10% and a return on equity of 17.41%. The business had revenue of $0.80 million during the quarter. Equities analysts predict that Denison Mines Corp. will post -0.01 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Glenorchy Capital Ltd bought a new position in shares of Denison Mines during the 4th quarter valued at approximately $25,000. &PARTNERS bought a new position in Denison Mines during the first quarter valued at $34,000. Avantax Advisory Services Inc. increased its position in Denison Mines by 47.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 18,600 shares of the basic materials company’s stock worth $33,000 after buying an additional 6,000 shares during the last quarter. Sigma Planning Corp bought a new stake in shares of Denison Mines in the third quarter valued at $32,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Denison Mines during the 4th quarter valued at $34,000. 36.74% of the stock is owned by institutional investors.

Denison Mines Company Profile

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.