Denison Mines Corp (DNN) Lowered to Sell at Zacks Investment Research



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 purchased a new stake in shares of Denison Mines Corp (NYSE:DNN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,123,903 shares of the company’s stock, valued at approximately $8,125,000. Global X Management CO LLC owned about 3.11% of Denison Mines Corp as of its most recent filing with the SEC.

Denison Mines Corp (NYSE:DNN) traded down 3.09% on Thursday, reaching $0.47. The company’s stock had a trading volume of 507,109 shares. The company has a 50-day moving average price of $0.45 and a 200 day moving average price of $0.43. The company’s market cap is $243.67 million. Denison Mines Corp has a 12 month low of $0.35 and a 12 month high of $0.99.

Several other research analysts have also weighed in on the company. Roth Capital assumed coverage on Denison Mines Corp in a research report on Wednesday, February 10th. They set a “buy” rating on the stock. Dundee Securities reaffirmed a “buy” rating and set a $2.10 price target (down previously from $2.20) on shares of Denison Mines Corp in a research report on Friday, December 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Denison Mines Corp currently has a consensus rating of “Buy” and an average price target 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%).

Get a free copy of the Zacks research report on Denison Mines Corp (DNN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Frustrated with your broker? Are you tired of paying high fees? Do you feel like you are getting ripped off by your stock broker? It's time for a change. Find out which brokerage is best for your personal trading style at the InvestorPlace Broker Center. Compare brokers at a glance in the InvestorPlace Broker Center (Click Here).

Receive News & Ratings for Denison Mines Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denison Mines Corp and related companies with MarketBeat.com's FREE daily email newsletter.

0 Response to "Denison Mines Corp (DNN) Lowered to Sell at Zacks Investment Research"

Post a Comment

Iklan Atas Artikel

Iklan Tengah Artikel 1

Iklan Tengah Artikel 2

Iklan Bawah Artikel