Denison Mine (NYSEAMERICAN:DNN) Trading 7.5% Higher – Here’s Why

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) shares traded up 7.5% during mid-day trading on Tuesday . The stock traded as high as $4.11 and last traded at $4.0650. 5,081,922 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 54,135,496 shares. The stock had previously closed at $3.78.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial reissued an “outperform” rating on shares of Denison Mine in a research report on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

Denison Mine Stock Performance

The company has a debt-to-equity ratio of 1.49, a quick ratio of 11.78 and a current ratio of 11.97. The stock has a 50 day moving average of $3.09 and a 200 day moving average of $2.70. The stock has a market capitalization of $3.57 billion, a P/E ratio of -26.50 and a beta of 1.25.

Institutional Investors Weigh In On Denison Mine

A number of hedge funds have recently made changes to their positions in DNN. SG Americas Securities LLC acquired a new stake in Denison Mine in the 4th quarter valued at approximately $27,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in Denison Mine during the 3rd quarter worth $28,000. Aire Advisors LLC bought a new position in shares of Denison Mine in the third quarter worth $28,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Denison Mine during the third quarter valued at $28,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Denison Mine by 65.6% during the third quarter. Jones Financial Companies Lllp now owns 11,515 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 4,563 shares in the last quarter. Institutional investors own 36.74% of the company’s stock.

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.