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

Desjardins upgraded shares of Denison Mine (NYSEAMERICAN:DNN) (TSE:DML) to a moderate buy rating in a research note published on Monday,Zacks.com reports.

Several other research analysts have also commented on DNN. TD Securities reaffirmed a “buy” rating on shares of Denison Mine in a report on Monday, August 11th. Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a research report on Thursday, August 7th. National Bankshares restated an “outperform” rating on shares of Denison Mine in a research note on Monday. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Denison Mine in a report on Monday. Seven investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Denison Mine has a consensus rating of “Buy” and an average target price of $3.00.

Denison Mine Trading Up 1.5%

Shares of DNN opened at $2.06 on Monday. Denison Mine has a 52 week low of $1.08 and a 52 week high of $2.47. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of -34.33 and a beta of 1.39. The stock has a 50 day moving average of $1.94 and a 200-day moving average of $1.68.

Hedge Funds Weigh In On Denison Mine

Hedge funds have recently modified their holdings of the company. Oxford Asset Management LLP acquired a new position in shares of Denison Mine in the 4th quarter worth $26,000. Sowell Financial Services LLC acquired a new position in shares of Denison Mine in the 1st quarter worth $26,000. Providence Capital Advisors LLC acquired a new position in shares of Denison Mine in the 1st quarter worth $30,000. WealthShield Partners LLC grew its holdings in shares of Denison Mine by 50.0% in the 2nd quarter. WealthShield Partners LLC now owns 18,000 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 6,000 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Denison Mine in the 2nd quarter worth $39,000. 36.74% of the stock is currently owned by institutional investors and hedge funds.

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.