Denison Mines Corp (DNN) Stock Rating Upgraded by Zacks Investment Research

Denison Mines Corp (NYSE:DNN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday, AnalystRatings.Net 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 “

An institutional investor recently bought a new position in Denison Mines Corp stock. Global X Management CO LLC bought a new stake 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 firm bought 16,123,903 shares of the company’s stock, valued at approximately $8,125,000. Global X Management CO LLC owned 3.11% of Denison Mines Corp as of its most recent filing with the SEC.

A number of other equities research analysts also recently commented on DNN. Roth Capital started coverage on shares of Denison Mines Corp in a research report on Wednesday, February 10th. They issued a “buy” rating on the stock. Dundee Securities reissued a “buy” rating and issued a $2.10 price objective (down from $2.20) on shares of Denison Mines Corp in a research report on Friday, December 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $1.44.

Shares of Denison Mines Corp (NYSE:DNN) traded up 0.3349% on Tuesday, hitting $0.4793. 340,039 shares of the company traded hands. The company’s market capitalization is $248.49 million. The stock’s 50-day moving average price is $0.44 and its 200-day moving average price is $0.44. Denison Mines Corp has a 12 month low of $0.35 and a 12 month high of $0.99.

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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