Denison Mines (NYSEAMERICAN:DNN) Trading 6.8% Higher

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Denison Mines Corp (NYSEAMERICAN:DNN) (TSE:DML) rose 6.8% during mid-day trading on Monday . The company traded as high as $0.48 and last traded at $0.48. Approximately 533,597 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 904,154 shares. The stock had previously closed at $0.45.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut Denison Mines from a “buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Canaccord Genuity initiated coverage on shares of Denison Mines in a research note on Wednesday, May 20th. They set a “buy” rating for the company.

Hedge funds and other institutional investors have recently modified their holdings of the business. Old West Investment Management LLC raised its holdings in shares of Denison Mines by 22.6% in the second quarter. Old West Investment Management LLC now owns 15,671,539 shares of the basic materials company’s stock valued at $5,271,000 after buying an additional 2,886,645 shares during the last quarter. ETRADE Capital Management LLC acquired a new position in shares of Denison Mines during the second quarter worth about $67,000. Russell Investments Group Ltd. raised its holdings in Denison Mines by 0.5% during the second quarter. Russell Investments Group Ltd. now owns 8,072,654 shares of the basic materials company’s stock worth $2,844,000 after purchasing an additional 42,982 shares in the last quarter. Clear Creek Financial Management LLC acquired a new stake in Denison Mines in the second quarter valued at about $172,000. Finally, Exchange Traded Concepts LLC boosted its holdings in Denison Mines by 114.3% in the 2nd quarter. Exchange Traded Concepts LLC now owns 942,951 shares of the basic materials company’s stock valued at $317,000 after purchasing an additional 502,851 shares in the last quarter.

About Denison Mines (NYSEAMERICAN:DNN)

Denison Mines Corp. operates as a uranium exploration and development company with focuses in the Athabasca Basin region of northern Saskatchewan, Canada. Its projects primarily includes the Wheeler River, the Waterbury, the Midwest, the McClean Lake and Mill, and the Hook-Carter that covers approximately 320,000 hectares in the Athabasca Basin region.

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