Tudor Investment Corp ET AL Makes New Investment in Denison Mines Corp. (NYSEAMERICAN:DNN)

Tudor Investment Corp ET AL purchased a new stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 242,680 shares of the basic materials company's stock, valued at approximately $437,000.

Several other institutional investors have also recently made changes to their positions in DNN. Oxford Asset Management LLP bought a new position in shares of Denison Mines in the fourth quarter worth about $26,000. Vantage Point Financial LLC bought a new position in shares of Denison Mines in the fourth quarter worth approximately $34,000. Commonwealth Equity Services LLC increased its stake in shares of Denison Mines by 74.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock worth $36,000 after purchasing an additional 8,500 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Denison Mines during the 4th quarter valued at $38,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Denison Mines during the 4th quarter valued at $49,000. Institutional investors own 36.74% of the company's stock.

Denison Mines Stock Performance

DNN stock traded down $0.03 during trading on Wednesday, reaching $1.50. 25,170,960 shares of the company traded hands, compared to its average volume of 31,744,490. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -149.50 and a beta of 1.75. The business has a 50 day simple moving average of $1.38 and a 200 day simple moving average of $1.78. Denison Mines Corp. has a 12 month low of $1.08 and a 12 month high of $2.47.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DNN shares. Desjardins began coverage on shares of Denison Mines in a report on Friday, April 4th. They issued a "buy" rating on the stock. Scotiabank restated an "outperform" rating on shares of Denison Mines in a research report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, five have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $3.00.

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.