Denison Mines (NYSEAMERICAN:DNN) Coverage Initiated at Roth Mkm

Roth Mkm started coverage on shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) in a report published on Thursday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $2.60 target price on the basic materials company’s stock.

Separately, StockNews.com upgraded shares of Denison Mines to a sell rating in a research note on Sunday, May 19th.

Denison Mines Stock Down 5.2 %

NYSEAMERICAN:DNN opened at $1.99 on Thursday. The stock has a market cap of $1.78 billion, a PE ratio of 28.43 and a beta of 1.72. Denison Mines has a one year low of $1.15 and a one year high of $2.47.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last released its quarterly earnings results on Wednesday, May 8th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). Denison Mines had a net margin of 888.36% and a return on equity of 12.96%. The business had revenue of $0.62 million for the quarter. On average, equities analysts predict that Denison Mines will post -0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Denison Mines

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC bought a new position in shares of Denison Mines in the 3rd quarter worth about $39,013,000. MMCAP International Inc. SPC increased its stake in shares of Denison Mines by 37.7% in the 4th quarter. MMCAP International Inc. SPC now owns 31,390,336 shares of the basic materials company’s stock worth $54,148,000 after acquiring an additional 8,592,121 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Denison Mines by 7.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,008,885 shares of the basic materials company’s stock worth $86,228,000 after acquiring an additional 3,342,434 shares in the last quarter. Alps Advisors Inc. increased its stake in shares of Denison Mines by 5.4% in the 3rd quarter. Alps Advisors Inc. now owns 40,076,124 shares of the basic materials company’s stock worth $66,126,000 after acquiring an additional 2,053,646 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Denison Mines during the 3rd quarter valued at about $2,331,000. Hedge funds and other institutional investors own 36.74% of the company’s stock.

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.