Denison Mines (NYSEAMERICAN:DNN) Upgraded to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) from a sell rating to a hold rating in a research note published on Monday, Zacks.com reports.

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, Raymond James set a $1.00 price objective on Denison Mines and gave the company a hold rating in a research report on Friday, August 30th.

Denison Mines stock opened at $0.49 on Monday. Denison Mines has a one year low of $0.38 and a one year high of $0.69.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last posted its quarterly earnings data on Thursday, August 8th. The basic materials company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $3.09 million for the quarter, compared to analysts’ expectations of $4.00 million.

A number of large investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC grew its holdings in Denison Mines by 23.8% during the second quarter. Cetera Advisors LLC now owns 1,257,258 shares of the basic materials company’s stock valued at $658,000 after purchasing an additional 241,437 shares during the period. Bank of Montreal Can grew its holdings in Denison Mines by 507.8% during the second quarter. Bank of Montreal Can now owns 162,243 shares of the basic materials company’s stock valued at $85,000 after purchasing an additional 135,550 shares during the period. Russell Investments Group Ltd. grew its holdings in Denison Mines by 6.6% during the second quarter. Russell Investments Group Ltd. now owns 12,652,270 shares of the basic materials company’s stock valued at $6,778,000 after purchasing an additional 787,488 shares during the period. Finally, Bienville Capital Management LLC grew its holdings in Denison Mines by 4.7% during the first quarter. Bienville Capital Management LLC now owns 1,073,456 shares of the basic materials company’s stock valued at $557,000 after purchasing an additional 48,280 shares during the period.

Denison Mines Company Profile

Denison Mines Corp. operates as a uranium exploration and development company with focuses in the Athabasca Basin region of northern Saskatchewan, Canada. Its projects primarily includes the Wheeler River, the Waterbury, the Midwest, the McClean Lake and Mill, and the Hook-Carter that covers approximately 320,000 hectares in the Athabasca Basin region.

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