NewEdge Advisors LLC Sells 428,283 Shares of Denison Mine Corp $DNN

Key Points

• NewEdge Advisors LLC cut its Denison Mines position by 97.9%, selling 428,283 shares and retaining 9,004 shares valued at approximately $32,000.
• Denison Mines shares opened at $3.67, with a $3.32 billion market capitalization and a 52-week range of $2.14 to $4.43. Institutional investors collectively own 36.74% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and one Hold rating, resulting in a “Moderate Buy” consensus and an average price target of $5.38.

NewEdge Advisors LLC decreased its holdings in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 97.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,004 shares of the basic materials company's stock after selling 428,283 shares during the period. NewEdge Advisors LLC's holdings in Denison Mine were worth $32,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Summitry LLC bought a new position in shares of Denison Mine in the fourth quarter worth about $27,000. First Citizens Bank & Trust Co. bought a new stake in Denison Mine during the 4th quarter valued at about $27,000. Invesco Ltd. purchased a new stake in Denison Mine in the 4th quarter valued at about $27,000. State of Wyoming purchased a new stake in Denison Mine in the 4th quarter valued at about $28,000. Finally, Investor s Fiduciary Advisor Network LLC bought a new position in Denison Mine in the 4th quarter worth about $28,000. 36.74% of the stock is currently owned by institutional investors.

Denison Mine Stock Up 1.1%

Shares of Denison Mine stock opened at $3.67 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 9.41 and a quick ratio of 9.14. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of -16.68 and a beta of 1.23. The firm's 50-day moving average is $3.14 and its two-hundred day moving average is $3.47. Denison Mine Corp has a 1 year low of $2.14 and a 1 year high of $4.43.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DNN. Royal Bank Of Canada began coverage on shares of Denison Mine in a research note on Monday, July 13th. They set an "outperform" rating for the company. Zacks Research cut Denison Mine from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 15th. Finally, Scotiabank restated an "outperform" rating on shares of Denison Mine in a report on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $5.38.

Denison Mine Profile

Denison Mines Corp. NYSEAMERICAN: DNN is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company's core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison's flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world's most prolific uranium districts.

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