Dahlman Rose Maintains Hold on Denison Mines (DNN)

Dahlman Rose is out with its report today on Denison Mines DNN, maintaining Hold. In a note to clients, Dahlman Rose writes, "We continue to believe that the company is positioned to perform better when uranium prices recover. But over the near to medium-term, we do not see a catalyst to push the shares meaningfully higher. We do believe that the company is well positioned to benefit from an upturn in prices. We are initiating a 2Q11 per share loss of ($0.04) and maintaining our 2011 and 2012 per share loss estimates of ($0.15) and ($0.10), respectively." Shares of DNN closed Thursday at $2.11, down 2.31% from Wednesday's close.