Denison Mines Corp (DNN) Upgraded to Sell at BidaskClub
BidaskClub upgraded shares of Denison Mines Corp (NYSEMKT:DNN) (TSE:DML) from a strong sell rating to a sell rating in a research note issued to investors on Thursday.
Other equities analysts have also recently issued reports about the company. Credit Suisse Group cut Denison Mines Corp from a neutral rating to an underperform rating in a report on Tuesday, July 18th. Zacks Investment Research raised Denison Mines Corp from a hold rating to a buy rating and set a $0.50 target price on the stock in a research report on Monday, July 17th. Finally, Roth Capital set a $1.00 target price on Denison Mines Corp and gave the stock a buy rating in a research report on Monday, August 7th. Four analysts have rated the stock with a sell rating and one has issued a buy rating to the company’s stock. Denison Mines Corp has a consensus rating of Sell and a consensus target price of $0.75.
Denison Mines Corp (NYSEMKT:DNN) traded up $0.03 during trading on Thursday, hitting $0.54. The company’s stock had a trading volume of 5,070,000 shares, compared to its average volume of 370,508. Denison Mines Corp has a 52-week low of $0.38 and a 52-week high of $0.84.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its position in shares of Denison Mines Corp by 73.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,725,130 shares of the basic materials company’s stock valued at $4,514,000 after purchasing an additional 4,118,220 shares during the last quarter. Ninepoint Partners LP bought a new position in shares of Denison Mines Corp during the 3rd quarter worth $943,000. Renaissance Technologies LLC grew its stake in shares of Denison Mines Corp by 318.1% during the 1st quarter. Renaissance Technologies LLC now owns 519,700 shares of the basic materials company’s stock worth $321,000 after acquiring an additional 395,400 shares during the period. Gagnon Securities LLC bought a new position in shares of Denison Mines Corp during the 2nd quarter worth $166,000. Finally, Credit Suisse AG grew its stake in shares of Denison Mines Corp by 67.7% during the 1st quarter. Credit Suisse AG now owns 307,750 shares of the basic materials company’s stock worth $191,000 after acquiring an additional 124,195 shares during the period.
Denison Mines Corp Company Profile
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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