Denison Mines (NYSEAMERICAN:DNN) Sets New 52-Week High at $2.19

Shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $2.19 and last traded at $2.16, with a volume of 1838369 shares trading hands. The stock had previously closed at $2.12.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Denison Mines to a "sell" rating in a report on Saturday.

Denison Mines Stock Up 4.0 %

The stock has a market capitalization of $1.96 billion, a PE ratio of 27.57 and a beta of 1.68.

Denison Mines (NYSEAMERICAN:DNN - Get Free Report) TSE: DML last released its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.04. The firm had revenue of $0.80 million for the quarter. Denison Mines had a return on equity of 18.87% and a net margin of 1,069.10%. Research analysts predict that Denison Mines Corp. will post -0.01 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DNN. Raymond James & Associates grew its stake in shares of Denison Mines by 24.6% in the 1st quarter. Raymond James & Associates now owns 55,640 shares of the basic materials company's stock valued at $89,000 after purchasing an additional 11,000 shares during the last quarter. Citigroup Inc. grew its stake in shares of Denison Mines by 13.6% in the 1st quarter. Citigroup Inc. now owns 227,088 shares of the basic materials company's stock valued at $371,000 after purchasing an additional 27,211 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Denison Mines by 77.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 37,009 shares of the basic materials company's stock valued at $59,000 after purchasing an additional 16,166 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Denison Mines in the 1st quarter valued at approximately $135,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Denison Mines by 12.6% in the 1st quarter. Vanguard Group Inc. now owns 481,992 shares of the basic materials company's stock valued at $771,000 after buying an additional 53,981 shares during the period. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

About Denison Mines

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.