Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML's stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.69 and traded as high as $2.24. Denison Mine shares last traded at $2.19, with a volume of 76,376,811 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Desjardins assumed coverage on Denison Mine in a research note on Friday, April 4th. They set a "buy" rating for the company. One investment 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, the stock currently has an average rating of "Buy" and an average target price of $3.00.
Read Our Latest Stock Report on DNN
Denison Mine Trading Down 2.2%
The stock has a 50-day moving average price of $1.78 and a two-hundred day moving average price of $1.69. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -27.75 and a beta of 1.48.
Hedge Funds Weigh In On Denison Mine
Institutional investors and hedge funds have recently modified their holdings of the business. Oxford Asset Management LLP purchased a new stake in Denison Mine during the 4th quarter worth approximately $26,000. Commonwealth Equity Services LLC increased its stake in Denison Mine by 74.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock worth $36,000 after buying an additional 8,500 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in Denison Mine during the 1st quarter worth approximately $26,000. Headlands Technologies LLC purchased a new stake in Denison Mine during the 4th quarter worth approximately $38,000. Finally, Providence Capital Advisors LLC purchased a new stake in Denison Mine during the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 36.74% of the company's stock.
Denison Mine Company Profile
(
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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.
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