Tuesday, February 23, 2016

Denison Mines Corp (DNN) Lifted to “Hold” at Zacks Investment Research

Denison Mines Corp (NYSE:DNN) was upgraded byZacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday, AnalystRatings.Netreports.

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 Corp (NYSE:DNN) traded up 4.6304% on Monday, reaching $0.4813. 393,239 shares of the company were exchanged. Denison Mines Corp has a 12-month low of $0.35 and a 12-month high of $0.99. The company’s 50-day moving average price is $0.44 and its 200-day moving average price is $0.44. The stock’s market capitalization is $249.52 million.

Other equities research analysts also recently issued reports about the stock. Roth Capital initiated coverage on shares of Denison Mines Corp in a research report on Wednesday, February 10th. They set a “buy” rating on the stock. Dundee Securities reiterated a “buy” rating and set a $2.10 target price (down from $2.20) on shares of Denison Mines Corp in a research report on Friday, December 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $1.44.

A hedge fund recently bought a new stake in Denison Mines Corp stock. Global X Management CO LLC purchased a new position in Denison Mines Corp (NYSE:DNN) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 16,123,903 shares of the company’s stock, valued at approximately $8,125,000. Global X Management CO LLC owned approximately 3.11% of Denison Mines Corp as of its most recent filing with the SEC.

Denison Mines Corp. is engaged in uranium exploration and/or development in Canada, Zambia, Mali, Namibia and Mongolia. The Company’s assets include a 22.50% interest in the McClean Lake uranium processing facility and uranium deposits in northern Saskatchewan; a 25.17% interest in the Midwest uranium project, including the Midwest and the Midwest A deposits in northern Saskatchewan; a 60% interest in the Wheeler River project, which includes the Phoenix deposit and the Gryphon zone, and a portfolio of exploration and development property interests in the Athabasca Basin, including Moore Lake (NYSE:DNN), Waterbury Lake (60%), Hatchet Lake (58.06%), Crawford/Bachman Lake (100%), Bell Lake (100%) and Mann Lake (30%).

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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