Tudor Investment Corp ET AL Buys Shares of 242,680 Denison Mines Corp. (NYSEAMERICAN:DNN)

Tudor Investment Corp ET AL purchased a new position in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 242,680 shares of the basic materials company's stock, valued at approximately $437,000.

Several other institutional investors and hedge funds have also bought and sold shares of DNN. Van ECK Associates Corp boosted its position in Denison Mines by 43.3% during the 4th quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company's stock valued at $37,595,000 after acquiring an additional 6,305,332 shares in the last quarter. Marshall Wace LLP increased its stake in Denison Mines by 41.5% during the 4th quarter. Marshall Wace LLP now owns 8,135,130 shares of the basic materials company's stock valued at $14,643,000 after purchasing an additional 2,387,923 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Denison Mines by 116.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,131,404 shares of the basic materials company's stock worth $12,932,000 after acquiring an additional 3,838,504 shares during the last quarter. NewGen Asset Management Ltd bought a new position in shares of Denison Mines during the fourth quarter valued at $5,441,000. Finally, Titan Global Capital Management USA LLC grew its stake in shares of Denison Mines by 8.9% in the fourth quarter. Titan Global Capital Management USA LLC now owns 2,738,718 shares of the basic materials company's stock worth $4,930,000 after acquiring an additional 223,145 shares during the period. 36.74% of the stock is currently owned by institutional investors.

Denison Mines Stock Performance

Shares of DNN stock traded up $0.02 during mid-day trading on Friday, hitting $1.54. 41,883,950 shares of the stock were exchanged, compared to its average volume of 31,539,473. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -154.00 and a beta of 1.75. Denison Mines Corp. has a 12-month low of $1.08 and a 12-month high of $2.47. The stock's fifty day simple moving average is $1.37 and its two-hundred day simple moving average is $1.79.

Analyst Ratings Changes

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