StockNews.com upgraded shares of Denison Mines (NYSEAMERICAN:DNN – Free Report) (TSE:DML) to a sell rating in a research report sent to investors on Wednesday morning.
A number of other research analysts have also issued reports on the company. Roth Mkm initiated coverage on Denison Mines in a report on Thursday, June 27th. They issued a buy rating and a $2.60 target price on the stock. Scotiabank raised Denison Mines to a strong-buy rating in a report on Tuesday, July 2nd. Finally, Roth Capital raised Denison Mines to a strong-buy rating in a report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Buy and an average price target of $2.60.
Denison Mines Trading Down 9.1 %
Denison Mines (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) last released its quarterly earnings results on Wednesday, May 8th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). Denison Mines had a return on equity of 12.96% and a net margin of 888.36%. The business had revenue of $0.62 million during the quarter. On average, research analysts predict that Denison Mines will post -0.06 EPS for the current fiscal year.
Hedge Funds Weigh In On Denison Mines
Hedge funds have recently modified their holdings of the company. Avantax Advisory Services Inc. boosted its stake in shares of Denison Mines by 47.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 18,600 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 6,000 shares in the last quarter. Arlington Capital Management Inc. boosted its position in shares of Denison Mines by 1.7% in the first quarter. Arlington Capital Management Inc. now owns 432,797 shares of the basic materials company’s stock worth $844,000 after buying an additional 7,027 shares during the period. Legacy Capital Group California Inc. boosted its position in shares of Denison Mines by 131.7% in the second quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock worth $46,000 after buying an additional 13,248 shares during the period. Tidal Investments LLC boosted its position in shares of Denison Mines by 53.9% in the first quarter. Tidal Investments LLC now owns 40,049 shares of the basic materials company’s stock worth $78,000 after buying an additional 14,018 shares during the period. Finally, Glenorchy Capital Ltd acquired a new stake in shares of Denison Mines in the fourth quarter worth $25,000. 36.74% of the stock is currently owned by institutional investors and hedge funds.
About Denison Mines
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.
Featured Articles
- Five stocks we like better than Denison Mines
- 3 Best Fintech Stocks for a Portfolio Boost
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- Most active stocks: Dollar volume vs share volume
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Intel Loses a Quarter of Its Value After Horrible Earnings Report
Receive News & Ratings for Denison Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denison Mines and related companies with MarketBeat.com's FREE daily email newsletter.