Denison Mines (NYSEAMERICAN:DNN) Reaches New 52-Week High at $1.58

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) reached a new 52-week high during trading on Thursday . The company traded as high as $1.58 and last traded at $1.58, with a volume of 1522767 shares trading hands. The stock had previously closed at $1.52.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DNN. TD Securities increased their target price on shares of Denison Mines from C$2.25 to C$2.50 in a research note on Tuesday, June 27th. StockNews.com raised Denison Mines to a “sell” rating in a research report on Thursday, September 7th. Cormark upgraded Denison Mines to a “buy” rating in a research note on Tuesday, June 27th. Finally, Raymond James cut their price target on Denison Mines from C$2.50 to C$2.40 in a research note on Tuesday, June 27th.

Denison Mines Trading Up 0.7 %

The company’s fifty day moving average price is $1.20. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -156.50 and a beta of 1.83.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last announced its quarterly earnings data on Thursday, August 10th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $2.60 million for the quarter. Denison Mines had a negative return on equity of 3.24% and a negative net margin of 136.87%. As a group, equities analysts predict that Denison Mines Corp. will post -0.02 EPS for the current year.

Institutional Investors Weigh In On Denison Mines

Several institutional investors have recently made changes to their positions in the stock. Scotia Capital Inc. boosted its stake in shares of Denison Mines by 89.6% during the 1st quarter. Scotia Capital Inc. now owns 104,333 shares of the basic materials company’s stock worth $113,000 after acquiring an additional 49,296 shares in the last quarter. Goehring & Rozencwajg Associates LLC acquired a new stake in Denison Mines in the fourth quarter valued at $2,676,000. MMCAP International Inc. SPC increased its position in shares of Denison Mines by 16.0% in the first quarter. MMCAP International Inc. SPC now owns 28,389,927 shares of the basic materials company’s stock valued at $30,942,000 after buying an additional 3,912,734 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Denison Mines by 5.8% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 322,643 shares of the basic materials company’s stock worth $369,000 after buying an additional 17,712 shares during the last quarter. Finally, Credit Suisse AG boosted its position in shares of Denison Mines by 130.4% in the 1st quarter. Credit Suisse AG now owns 1,544,626 shares of the basic materials company’s stock worth $2,271,000 after buying an additional 874,175 shares in the last quarter. 30.93% of the stock is currently owned by hedge funds and other institutional investors.

About Denison Mines

Denison Mines Corp. operates as a uranium exploration and development company in Canada. Its flagship project is the 95% interest owned 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.