Denison Mines Corp. (NYSEAMERICAN:DNN) Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC increased its position in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 251.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,522,271 shares of the basic materials company's stock after purchasing an additional 1,088,897 shares during the period. Cubist Systematic Strategies LLC owned 0.17% of Denison Mines worth $2,747,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in Denison Mines by 43.3% in the fourth 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 during the period. JPMorgan Chase & Co. purchased a new stake in shares of Denison Mines during the fourth quarter worth about $501,000. Summit Financial LLC purchased a new stake in shares of Denison Mines during the fourth quarter worth about $4,283,000. Titan Global Capital Management USA LLC grew its position in shares of Denison Mines by 8.9% during 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 purchasing an additional 223,145 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. purchased a new stake in shares of Denison Mines during the fourth quarter worth about $1,371,000. 36.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DNN. Scotiabank reissued an "outperform" rating on shares of Denison Mines in a research note on Tuesday, March 25th. Desjardins began coverage on Denison Mines in a research report on Friday, April 4th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $3.00.

Denison Mines Price Performance

Denison Mines stock traded down $0.08 during trading hours on Friday, hitting $1.43. 35,387,712 shares of the stock traded hands, compared to its average volume of 32,030,276. The firm's 50 day moving average price is $1.38 and its 200-day moving average price is $1.78. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -142.50 and a beta of 1.75. Denison Mines Corp. has a 1 year low of $1.08 and a 1 year high of $2.47.

About Denison Mines

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.