Summit Financial LLC Purchases Shares of 2,379,247 Denison Mines Corp. (NYSEAMERICAN:DNN)

Summit Financial LLC purchased a new stake in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,379,247 shares of the basic materials company's stock, valued at approximately $4,283,000. Summit Financial LLC owned 0.27% of Denison Mines as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DNN. Pictet Asset Management Holding SA increased its stake in Denison Mines by 18.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 166,179 shares of the basic materials company's stock valued at $302,000 after buying an additional 25,746 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Denison Mines in the fourth quarter valued at about $501,000. Arlington Capital Management Inc. increased its stake in shares of Denison Mines by 6.3% during the fourth quarter. Arlington Capital Management Inc. now owns 469,126 shares of the basic materials company's stock worth $844,000 after acquiring an additional 27,934 shares during the period. Virtu Financial LLC purchased a new position in Denison Mines during the fourth quarter worth about $100,000. Finally, Quantbot Technologies LP lifted its position in Denison Mines by 119.9% in the fourth quarter. Quantbot Technologies LP now owns 578,113 shares of the basic materials company's stock valued at $1,041,000 after purchasing an additional 315,262 shares during the period. 36.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DNN has been the subject of several research analyst reports. Desjardins began coverage on Denison Mines in a research report on Friday. They issued a "buy" rating for the company. Scotiabank reiterated an "outperform" rating on shares of Denison Mines in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Denison Mines currently has a consensus rating of "Buy" and a consensus target price of $3.00.

Denison Mines Price Performance

DNN traded down $0.05 during trading on Friday, reaching $1.19. 83,249,889 shares of the stock were exchanged, compared to its average volume of 26,925,029. Denison Mines Corp. has a 1 year low of $1.12 and a 1 year high of $2.47. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -119.00 and a beta of 1.75. The business's 50 day moving average price is $1.59 and its two-hundred day moving average price is $1.88.

Denison Mines Profile

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.