Denison Mines Corp (DNN) Rating Increased to Hold at Zacks Investment Research

Denison Mines Corp (NYSE:DNN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday, MarketBeat 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 “

A hedge fund recently bought a new stake in Denison Mines Corp stock. Global X Management CO LLC acquired a new position in shares of Denison Mines Corp (NYSE:DNN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 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 at the end of the most recent reporting period.

Shares of Denison Mines Corp (NYSE:DNN) traded down 3.1522% during midday trading on Monday, reaching $0.4455. 110,666 shares of the company were exchanged. The stock has a 50-day moving average price of $0.44 and a 200 day moving average price of $0.44. The company’s market capitalization is $230.96 million. Denison Mines Corp has a 52-week low of $0.35 and a 52-week high of $0.99.

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

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%).


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