Roth Mkm began coverage on shares of Denison Mines (NYSEAMERICAN:DNN – Free Report) (TSE:DML) in a research report released on Thursday morning, Marketbeat.com 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 report on Sunday, May 19th.
View Our Latest Stock Analysis on Denison Mines
Denison Mines Stock Performance
Denison Mines (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) last released its 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). The company had revenue of $0.62 million for the quarter. Denison Mines had a net margin of 888.36% and a return on equity of 12.96%. Sell-side analysts predict that Denison Mines will post -0.06 EPS for the current year.
Institutional Trading of Denison Mines
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Keynote Financial Services LLC purchased a new position in Denison Mines in the first quarter valued at $203,000. Cetera Investment Advisers acquired a new stake in shares of Denison Mines during the 1st quarter valued at about $1,758,000. Virtu Financial LLC increased its stake in shares of Denison Mines by 78.3% in the 1st quarter. Virtu Financial LLC now owns 351,910 shares of the basic materials company’s stock valued at $686,000 after purchasing an additional 154,509 shares in the last quarter. Tidal Investments LLC boosted its position in Denison Mines by 53.9% during the first quarter. Tidal Investments LLC now owns 40,049 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 14,018 shares in the last quarter. Finally, Connective Capital Management LLC acquired a new stake in Denison Mines in the first quarter valued at approximately $602,000. 36.74% of the stock is owned by institutional investors and hedge funds.
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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