Denison Mine (NYSEAMERICAN:DNN) Stock Price Down 5.2% - What's Next?

Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML's share price dropped 5.2% on Friday . The company traded as low as $1.74 and last traded at $1.75. Approximately 22,515,905 shares traded hands during trading, a decline of 50% from the average daily volume of 45,388,198 shares. The stock had previously closed at $1.84.

Analyst Ratings Changes

DNN has been the topic of several recent analyst reports. Desjardins assumed coverage on Denison Mine in a research report on Friday, April 4th. They issued a "buy" rating on the stock. Scotiabank restated an "outperform" rating on shares of Denison Mine in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, five have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $3.00.

Denison Mine Trading Down 5.2%

The firm has a fifty day moving average price of $1.53 and a 200 day moving average price of $1.76. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -21.81 and a beta of 1.46.

Institutional Trading of Denison Mine

Several institutional investors and hedge funds have recently added to or reduced their stakes in DNN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Denison Mine by 62.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,504,193 shares of the basic materials company's stock valued at $1,955,000 after purchasing an additional 578,365 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Denison Mine by 2.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,687,875 shares of the basic materials company's stock worth $2,194,000 after purchasing an additional 45,125 shares during the period. Millennium Management LLC increased its holdings in Denison Mine by 11.5% in the first quarter. Millennium Management LLC now owns 5,710,330 shares of the basic materials company's stock valued at $7,423,000 after purchasing an additional 587,352 shares during the last quarter. Royal Bank of Canada lifted its stake in Denison Mine by 14.6% in the first quarter. Royal Bank of Canada now owns 4,317,738 shares of the basic materials company's stock valued at $5,613,000 after buying an additional 550,064 shares during the period. Finally, Caption Management LLC bought a new position in Denison Mine during the first quarter worth about $98,000. 36.74% of the stock is owned by institutional investors.

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.

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