Denison Mine (NYSEAMERICAN:DNN) Shares Down 4.5% – Should You Sell?

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML)’s stock price was down 4.5% during trading on Friday . The stock traded as low as $3.06 and last traded at $3.0850. 9,403,651 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 33,137,766 shares. The stock had previously closed at $3.23.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Royal Bank Of Canada initiated coverage on Denison Mine in a report on Monday, July 13th. They set an “outperform” rating on the stock. Jefferies Financial Group started coverage on Denison Mine in a research note on Thursday, September 3rd. They set a “buy” rating for the company. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.38.

Denison Mine Price Performance

The company has a debt-to-equity ratio of 2.38, a current ratio of 9.41 and a quick ratio of 9.14. The company has a fifty day moving average price of $3.17 and a 200 day moving average price of $3.42. The company has a market capitalization of $2.73 billion, a P/E ratio of -13.73 and a beta of 1.24.

Institutional Investors Weigh In On Denison Mine

Institutional investors and hedge funds have recently modified their holdings of the stock. Kelleher Financial Advisors acquired a new position in shares of Denison Mine in the 2nd quarter worth $27,000. Northwestern Mutual Wealth Management Co. purchased a new position in Denison Mine in the 2nd quarter worth about $28,000. Summitry LLC purchased a new position in Denison Mine in the 4th quarter worth about $27,000. First Citizens Bank & Trust Co. acquired a new stake in Denison Mine during the 4th quarter worth about $27,000. Finally, Invesco Ltd. acquired a new stake in Denison Mine during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mine Company Profile

Denison Mines Corp. is a Canadian uranium exploration and development company focused on advancing uranium projects and acquiring interests in uranium-producing assets. Its activities are concentrated primarily in the Athabasca Basin of northern Saskatchewan, Canada, one of the world’s leading uranium-producing regions.

The company’s principal development asset is the Wheeler River project, which includes the Phoenix in-situ recovery uranium project and the Gryphon underground project.