Desjardins Upgrades Denison Mine (NYSEAMERICAN:DNN) to Moderate Buy

Denison Mine (NYSEAMERICAN:DNN) (TSE:DML) was upgraded by stock analysts at Desjardins to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

DNN has been the topic of a number of other reports. TD Securities reiterated a “buy” rating on shares of Denison Mine in a research note on Monday, August 11th. Raymond James Financial reiterated an “outperform” rating on shares of Denison Mine in a research note on Monday. Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a research note on Thursday, August 7th. Finally, National Bankshares reiterated an “outperform” rating on shares of Denison Mine in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $3.00.

Denison Mine Stock Performance

DNN stock opened at $1.93 on Monday. The company’s 50-day simple moving average is $1.95 and its 200 day simple moving average is $1.68. Denison Mine has a 52 week low of $1.08 and a 52 week high of $2.47. The company has a market capitalization of $1.73 billion, a PE ratio of -32.17 and a beta of 1.39.

Institutional Trading of Denison Mine

Several hedge funds have recently bought and sold shares of DNN. Oxford Asset Management LLP purchased a new position in Denison Mine during the 4th quarter worth $26,000. Sowell Financial Services LLC bought a new stake in shares of Denison Mine during the 1st quarter worth $26,000. Providence Capital Advisors LLC bought a new stake in shares of Denison Mine during the 1st quarter worth $30,000. WealthShield Partners LLC raised its stake in shares of Denison Mine by 50.0% during the 2nd quarter. WealthShield Partners LLC now owns 18,000 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 6,000 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Denison Mine during the 2nd quarter worth $38,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

About Denison Mine

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.