BidaskClub Downgrades Denison Mines Corp (DNN) to Strong Sell
BidaskClub lowered shares of Denison Mines Corp (NYSEMKT:DNN) (TSE:DML) from a sell rating to a strong sell rating in a report issued on Friday.
Several other equities research analysts have also issued reports on the company. Zacks Investment Research upgraded Denison Mines Corp from a hold rating to a buy rating and set a $0.50 price target for the company in a report on Monday, July 17th. ValuEngine lowered Denison Mines Corp from a hold rating to a sell rating in a report on Friday, June 2nd. Credit Suisse Group lowered Denison Mines Corp from a neutral rating to an underperform rating in a report on Tuesday, July 18th. Finally, Roth Capital set a $1.00 price target on Denison Mines Corp and gave the company a buy rating in a report on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. Denison Mines Corp currently has an average rating of Hold and an average target price of $0.75.
Denison Mines Corp (DNN) opened at 0.485 on Friday. The stock’s market cap is $271.16 million. Denison Mines Corp has a 12-month low of $0.13 and a 12-month high of $0.84. The company has a 50-day moving average of $0.47 and a 200 day moving average of $0.51.
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Several institutional investors have recently made changes to their positions in DNN. Global X Management Co. LLC lifted its holdings in shares of Denison Mines Corp by 105.2% during the 1st quarter. Global X Management Co. LLC now owns 27,330,415 shares of the basic materials company’s stock valued at $16,804,000 after buying an additional 14,012,976 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Denison Mines Corp by 60.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 5,606,910 shares of the basic materials company’s stock worth $2,419,000 after purchasing an additional 2,109,842 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Denison Mines Corp by 318.1% in the 1st quarter. Renaissance Technologies LLC now owns 519,700 shares of the basic materials company’s stock worth $321,000 after purchasing an additional 395,400 shares during the last quarter. Gagnon Securities LLC acquired a new stake in Denison Mines Corp in the 2nd quarter worth approximately $166,000. Finally, Credit Suisse AG lifted its holdings in Denison Mines Corp by 67.7% in the 1st quarter. Credit Suisse AG now owns 307,750 shares of the basic materials company’s stock worth $191,000 after purchasing an additional 124,195 shares during the last quarter.
About Denison Mines Corp
Denison Mines Corp. is a uranium exploration and development company. The Company is engaged in the acquisition, exploration and development of uranium properties, extraction, processing and selling of uranium. The Company operates in three segments: the Mining segment, the Environmental Services segment, and the Corporate and Other segment.
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