Cubist Systematic Strategies LLC Acquires 1,088,897 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

Cubist Systematic Strategies LLC boosted its holdings in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 251.3% during the fourth 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 acquiring an additional 1,088,897 shares during the quarter. Cubist Systematic Strategies LLC owned 0.17% of Denison Mines worth $2,747,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DNN. Geode Capital Management LLC grew its stake in Denison Mines by 8.8% during the third quarter. Geode Capital Management LLC now owns 420,723 shares of the basic materials company's stock worth $769,000 after buying an additional 34,192 shares during the last quarter. Fiduciary Family Office LLC bought a new stake in Denison Mines during the 4th quarter worth approximately $50,000. Vantage Point Financial LLC acquired a new stake in Denison Mines during the 4th quarter valued at $34,000. Van ECK Associates Corp raised its position in Denison Mines by 43.3% in 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 purchasing an additional 6,305,332 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in Denison Mines by 92.6% in the fourth quarter. Vontobel Holding Ltd. now owns 196,336 shares of the basic materials company's stock worth $356,000 after purchasing an additional 94,419 shares in the last quarter. Institutional investors own 36.74% of the company's stock.

Wall Street Analyst Weigh In

DNN has been the subject of several research analyst reports. Scotiabank restated an "outperform" rating on shares of Denison Mines in a research report on Tuesday, March 25th. Desjardins assumed coverage on Denison Mines in a research report on Friday, April 4th. They set a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, five have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $3.00.

Denison Mines Trading Down 1.3%

NYSEAMERICAN:DNN traded down $0.02 on Tuesday, hitting $1.52. The company's stock had a trading volume of 46,656,381 shares, compared to its average volume of 31,766,979. Denison Mines Corp. has a one year low of $1.08 and a one year high of $2.47. The stock has a fifty day moving average of $1.38 and a two-hundred day moving average of $1.78. The firm has a market capitalization of $1.36 billion, a P/E ratio of -152.00 and a beta of 1.75.

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.