According to Zacks, “DENISON MINES CORPORATION is the premier intermediate uranium producer in North America, with mining assets in the Athabasca Basin Region of Saskatchewan, Canada and the southwest United States including Colorado, Utah, and Arizona. Further,they has ownership interests in two of the four conventional uranium mills operating in North America today. The Company also has a strong exploration and development portfolio with large land positions in the United States, Canada, Zambia and Mongolia “
Separately, Dundee Securities reiterated a buy rating and set a $1.60 target price on shares of Denison Mines Corp in a report on Wednesday, August 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Denison Mines Corp presently has an average rating of Buy and a consensus target price of $1.27.
Shares of Denison Mines Corp (NYSEMKT:DNN) opened at 0.47 on Tuesday. Denison Mines Corp has a 1-year low of $0.35 and a 1-year high of $0.67. The firm’s market capitalization is $250.71 million. The stock’s 50 day moving average is $0.50 and its 200 day moving average is $0.53.
Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its position in Denison Mines Corp by 503.9% in the first quarter. Renaissance Technologies LLC now owns 1,011,500 shares of the company’s stock worth $569,000 after buying an additional 844,000 shares during the period. Gagnon Securities LLC bought a new position in Denison Mines Corp during the second quarter worth approximately $415,000. Commerzbank Aktiengesellschaft FI increased its position in Denison Mines Corp by 65.8% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,466,940 shares of the company’s stock worth $807,000 after buying an additional 581,966 shares during the period. Bank of Montreal Can bought a new position in Denison Mines Corp during the second quarter worth approximately $157,000. Finally, Emerald Acquisition Ltd. bought a new position in Denison Mines Corp during the second quarter worth approximately $133,000.
Denison Mines Corp Company Profile
Denison Mines Corp. is a uranium exploration and development company. The Company is engaged in the acquisition, exploration and development of uranium properties, extraction, processing and selling of uranium. The Company operates in three segments: the Mining segment, the Environmental Services segment, and the Corporate and Other segment.
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