Denison Mines (AMEX:DNN) Downgraded by TD Newcrest

TD Newcrest lowered their rating on Denison Mines (AMEX:DNN) from "Hold" to "Reduce," "given the negative 22% return to our target price following a recent increase in the company’s share price."

Since July 6, when Denison was as low as $1.08, they've made a nice move upward, closing on Friday at $2.51, losing $0.05, or 1.95 percent.

Denison recently released their latest quarterly report, and they generated revenue of $39.9 million, losing $9.5 million, or $0.03 a share.

Denison is involved in all aspects of uranium, from exploration to milling, and has an ancillary product they produce in vanadium.

TD Newcrest maintains a price target on them of C$2.00.