Denison Mine (NYSEAMERICAN:DNN) Sees Strong Trading Volume - What's Next?

Shares of Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML saw an uptick in trading volume on Monday . 116,277,050 shares traded hands during trading, an increase of 149% from the previous session's volume of 46,608,020 shares.The stock last traded at $1.73 and had previously closed at $1.74.

Analysts Set New Price Targets

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

Denison Mine Trading Up 4.0%

The business has a 50-day simple moving average of $1.57 and a 200 day simple moving average of $1.75. The stock has a market cap of $1.65 billion, a P/E ratio of -23.00 and a beta of 1.46.

Institutional Investors Weigh In On Denison Mine

Institutional investors and hedge funds have recently made changes to their positions in the business. Oxford Asset Management LLP bought a new stake in shares of Denison Mine during the 4th quarter valued at about $26,000. Commonwealth Equity Services LLC boosted its holdings in Denison Mine 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 acquiring an additional 8,500 shares in the last quarter. Sowell Financial Services LLC bought a new position in Denison Mine in the first quarter worth approximately $26,000. Headlands Technologies LLC bought a new position in Denison Mine in the fourth quarter worth approximately $38,000. Finally, Providence Capital Advisors LLC bought a new position in Denison Mine in the first quarter worth approximately $30,000. Institutional investors own 36.74% of the company's stock.

Denison Mine Company 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.