Denison Mines (NYSEAMERICAN:DNN) Stock Price Down 5.1%

Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML dropped 5.1% during mid-day trading on Tuesday . The company traded as low as $2.02 and last traded at $2.03. Approximately 4,784,630 shares changed hands during trading, a decline of 67% from the average daily volume of 14,671,188 shares. The stock had previously closed at $2.14.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Denison Mines to a "sell" rating in a research report on Friday, April 5th.

Denison Mines Stock Down 6.8 %

The company has a market cap of $1.78 billion, a PE ratio of 25.13 and a beta of 1.68.

Denison Mines (NYSEAMERICAN:DNN - Get Free Report) TSE: DML last posted its earnings results on Wednesday, February 28th. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.04. Denison Mines had a return on equity of 17.41% and a net margin of 1,069.10%. The business had revenue of $0.80 million during the quarter. As a group, equities analysts forecast that Denison Mines Corp. will post -0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Denison Mines

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. HTLF Bank bought a new position in shares of Denison Mines during the fourth quarter valued at about $897,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Denison Mines by 6.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,666,451 shares of the basic materials company's stock worth $75,323,000 after buying an additional 2,772,301 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in shares of Denison Mines in the 3rd quarter worth approximately $2,331,000. Alps Advisors Inc. increased its stake in shares of Denison Mines by 5.4% during the third quarter. Alps Advisors Inc. now owns 40,076,124 shares of the basic materials company's stock valued at $66,126,000 after buying an additional 2,053,646 shares during the period. Finally, EAM Investors LLC purchased a new position in Denison Mines during the 3rd quarter valued at $1,117,000. Hedge funds and other institutional investors own 36.74% of the company's stock.

Denison Mines 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.