Denison Mine (NYSEAMERICAN:DNN) Upgraded at Zacks Research

Zacks Research upgraded shares of Denison Mine (NYSEAMERICAN:DNN) (TSE:DML) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

A number of other analysts have also recently issued reports on the stock. Roth Mkm reiterated a “buy” rating and issued a $4.25 target price on shares of Denison Mine in a research note on Wednesday, February 18th. Raymond James Financial restated an “outperform” rating on shares of Denison Mine in a research note on Wednesday, January 14th. Scotiabank restated an “outperform” rating on shares of Denison Mine in a report on Friday, February 20th. Finally, TD Securities lifted their price objective on shares of Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat.com, Denison Mine has a consensus rating of “Buy” and a consensus target price of $5.38.

Denison Mine Stock Down 4.7%

Shares of Denison Mine stock opened at $3.82 on Wednesday. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of -22.47 and a beta of 1.18. The company has a debt-to-equity ratio of 1.49, a current ratio of 11.97 and a quick ratio of 11.78. Denison Mine has a 52-week low of $1.08 and a 52-week high of $4.43. The stock has a 50-day simple moving average of $3.83 and a 200-day simple moving average of $3.07.

Institutional Investors Weigh In On Denison Mine

Several institutional investors and hedge funds have recently added to or reduced their stakes in DNN. Van ECK Associates Corp grew its holdings in Denison Mine by 20.9% during the fourth quarter. Van ECK Associates Corp now owns 75,910,027 shares of the basic materials company’s stock valued at $201,916,000 after purchasing an additional 13,106,987 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Denison Mine by 4.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,332,391 shares of the basic materials company’s stock valued at $144,051,000 after purchasing an additional 2,027,151 shares during the period. Vanguard Group Inc. lifted its stake in shares of Denison Mine by 80.6% in the fourth quarter. Vanguard Group Inc. now owns 23,960,755 shares of the basic materials company’s stock worth $63,544,000 after buying an additional 10,696,852 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Denison Mine by 1,696.3% during the 3rd quarter. Two Sigma Investments LP now owns 17,026,392 shares of the basic materials company’s stock worth $46,823,000 after buying an additional 16,078,514 shares during the period. Finally, L1 Capital Pty Ltd boosted its holdings in shares of Denison Mine by 4,544.0% during the 3rd quarter. L1 Capital Pty Ltd now owns 14,007,218 shares of the basic materials company’s stock worth $38,520,000 after buying an additional 13,705,598 shares during the period. 36.74% of the stock is currently owned by institutional investors and hedge funds.

About Denison Mine

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.