Denison Mines Corp. (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) traded down 5.1% during mid-day trading on Tuesday . The stock traded as low as $2.02 and last traded at $2.03. 4,784,630 shares were traded during trading, a decline of 67% from the average session volume of 14,671,188 shares. The stock had previously closed at $2.14.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Denison Mines to a “sell” rating in a research report on Friday, April 5th.
Check Out Our Latest Stock Analysis on Denison Mines
Denison Mines Trading Up 2.8 %
Denison Mines (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) last issued its earnings results on Wednesday, February 28th. The basic materials company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $0.80 million for the quarter. Denison Mines had a net margin of 1,069.10% and a return on equity of 17.41%. Equities analysts forecast that Denison Mines Corp. will post -0.01 EPS for the current year.
Hedge Funds Weigh In On Denison Mines
A number of hedge funds and other institutional investors have recently modified their holdings of the business. HTLF Bank purchased a new stake in Denison Mines during the fourth quarter valued at approximately $897,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Denison Mines by 6.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,666,451 shares of the basic materials company’s stock valued at $75,323,000 after acquiring an additional 2,772,301 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in Denison Mines during the third quarter valued at approximately $2,331,000. Alps Advisors Inc. lifted its position in 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 acquiring an additional 2,053,646 shares during the last quarter. Finally, EAM Investors LLC purchased a new stake in Denison Mines during the third quarter valued at approximately $1,117,000. 36.74% of the stock is currently owned by institutional investors.
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.
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