Denison Mine (NYSEAMERICAN:DNN) Hits New 12-Month High – What’s Next?

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) reached a new 52-week high on Thursday . The stock traded as high as $3.55 and last traded at $3.49, with a volume of 62153582 shares. The stock had previously closed at $3.35.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial restated an “outperform” rating on shares of Denison Mine in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Denison Mine has an average rating of “Buy”.

Denison Mine Trading Up 4.2%

The company has a debt-to-equity ratio of 1.49, a current ratio of 11.97 and a quick ratio of 11.78. The business’s 50 day simple moving average is $2.72 and its 200 day simple moving average is $2.51. The stock has a market cap of $3.15 billion, a P/E ratio of -23.27 and a beta of 1.25.

Institutional Trading of Denison Mine

Large investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in Denison Mine by 17.5% during the third quarter. Van ECK Associates Corp now owns 62,803,040 shares of the basic materials company’s stock worth $172,709,000 after acquiring an additional 9,348,414 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Denison Mine by 4.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,332,391 shares of the basic materials company’s stock valued at $144,051,000 after purchasing an additional 2,027,151 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Denison Mine by 1,696.3% in the 3rd quarter. Two Sigma Investments LP now owns 17,026,392 shares of the basic materials company’s stock worth $46,823,000 after purchasing an additional 16,078,514 shares during the last quarter. L1 Capital Pty Ltd increased its position in shares of Denison Mine by 4,544.0% during the 3rd quarter. L1 Capital Pty Ltd now owns 14,007,218 shares of the basic materials company’s stock worth $38,520,000 after purchasing an additional 13,705,598 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Denison Mine by 1,697.4% during the third quarter. Vanguard Group Inc. now owns 13,263,903 shares of the basic materials company’s stock worth $36,502,000 after buying an additional 12,525,956 shares in the last quarter. 36.74% of the stock is currently owned by institutional investors.

Denison Mine Company Profile

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.