Denison Mines (DNN) Trading Down 5.1%

Shares of Denison Mines Corp (NYSEAMERICAN:DNN) (TSE:DML) were down 5.1% on Tuesday . The company traded as low as $0.55 and last traded at $0.56. Approximately 656,850 shares were traded during trading, a decline of 1% from the average daily volume of 660,400 shares. The stock had previously closed at $0.59.

A number of analysts have recently weighed in on DNN shares. BidaskClub downgraded Denison Mines from a “sell” rating to a “strong sell” rating in a research report on Friday, September 22nd. Roth Capital set a $1.00 target price on Denison Mines and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, Zacks Investment Research downgraded Denison Mines from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Four investment analysts have rated the stock with a sell rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Sell” and an average target price of $0.75.

The company has a market capitalization of $334.31, a price-to-earnings ratio of -28.00 and a beta of 1.45.

Institutional investors and hedge funds have recently modified their holdings of the business. Commerzbank Aktiengesellschaft FI increased its holdings in Denison Mines by 6.8% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,570,280 shares of the basic materials company’s stock worth $722,000 after purchasing an additional 100,000 shares in the last quarter. Ninepoint Partners LP acquired a new position in Denison Mines in the 3rd quarter worth about $943,000. Finally, Russell Investments Group Ltd. increased its holdings in Denison Mines by 73.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,725,130 shares of the basic materials company’s stock worth $4,514,000 after purchasing an additional 4,118,220 shares in the last quarter.

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About Denison Mines

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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