Denison Mines (NYSEAMERICAN:DNN) Reaches New 12-Month High at $2.24

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) shares reached a new 52-week high on Friday . The stock traded as high as $2.24 and last traded at $2.21, with a volume of 2870982 shares traded. The stock had previously closed at $2.19.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Denison Mines to a “sell” rating in a research report on Friday, April 5th.

Denison Mines Stock Down 3.7 %

The firm has a fifty day simple moving average of $1.67. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 26.38 and a beta of 1.68.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last announced its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. Denison Mines had a return on equity of 17.41% and a net margin of 1,069.10%. The business had revenue of $0.80 million during the quarter. On average, equities research analysts expect that Denison Mines Corp. will post -0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Denison Mines

Several institutional investors have recently bought and sold shares of DNN. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Denison Mines by 6.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,666,451 shares of the basic materials company’s stock worth $75,323,000 after purchasing an additional 2,772,301 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in Denison Mines during the third quarter valued at approximately $2,331,000. Alps Advisors Inc. boosted its holdings in Denison Mines by 5.4% during the third quarter. Alps Advisors Inc. now owns 40,076,124 shares of the basic materials company’s stock valued at $66,126,000 after purchasing an additional 2,053,646 shares in the last quarter. EAM Investors LLC bought a new position in shares of Denison Mines in the third quarter valued at approximately $1,117,000. Finally, Intact Investment Management Inc. bought a new position in shares of Denison Mines in the third quarter valued at approximately $2,774,000. 36.74% of the stock is currently owned by institutional investors.

Denison Mines Company Profile

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.