Denison Mine (NYSEAMERICAN:DNN) Stock Price Down 6.4% - Time to Sell?

Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML shares fell 6.4% on Tuesday . The company traded as low as $1.69 and last traded at $1.70. 50,181,178 shares were traded during mid-day trading, a decline of 1% from the average session volume of 50,457,983 shares. The stock had previously closed at $1.81.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DNN. Desjardins began coverage on Denison Mine in a report on Friday, April 4th. They issued a "buy" rating on the stock. Scotiabank reiterated an "outperform" rating on shares of Denison Mine in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Denison Mine currently has a consensus rating of "Buy" and a consensus target price of $3.00.

Denison Mine Trading Up 1.5%

The company has a market cap of $1.54 billion, a price-to-earnings ratio of -21.44 and a beta of 1.48. The business has a fifty day moving average price of $1.65 and a two-hundred day moving average price of $1.72.

Institutional Investors Weigh In On Denison Mine

A number of large investors have recently added to or reduced their stakes in DNN. Oxford Asset Management LLP acquired a new position in shares of Denison Mine during the fourth quarter worth approximately $26,000. Sowell Financial Services LLC acquired a new position in shares of Denison Mine in the first quarter valued at $26,000. Providence Capital Advisors LLC acquired a new position in shares of Denison Mine in the first quarter valued at $30,000. Commonwealth Equity Services LLC raised its stake in shares of Denison Mine by 74.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 8,500 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Denison Mine in the fourth quarter valued at $38,000. Institutional investors own 36.74% of the company's stock.

Denison Mine Company Profile

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.