Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML shares saw strong trading volume on Monday . 116,277,050 shares traded hands during mid-day 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.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. Desjardins initiated coverage on shares of Denison Mine in a report on Friday, April 4th. They issued a "buy" rating for the company. Scotiabank reiterated an "outperform" rating on shares of Denison Mine in a report on Tuesday, March 25th. One equities research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $3.00.
Read Our Latest Report on Denison Mine
Denison Mine Stock Down 0.3%
The company has a 50 day simple moving average of $1.54 and a 200-day simple moving average of $1.76. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -21.69 and a beta of 1.46.
Institutional Trading of Denison Mine
A number of hedge funds and other institutional investors have recently made changes to their positions in DNN. Canton Hathaway LLC acquired a new stake in shares of Denison Mine in the fourth quarter worth $74,000. Raymond James Financial Inc. purchased a new stake in Denison Mine in the 4th quarter worth about $102,000. Prescott Group Capital Management L.L.C. acquired a new stake in Denison Mine during the 4th quarter worth about $1,371,000. PCJ Investment Counsel Ltd. grew its stake in Denison Mine by 11.9% during the 4th quarter. PCJ Investment Counsel Ltd. now owns 888,690 shares of the basic materials company's stock valued at $1,612,000 after acquiring an additional 94,300 shares in the last quarter. Finally, Avantax Advisory Services Inc. acquired a new position in shares of Denison Mine in the 4th quarter valued at about $49,000. 36.74% of the stock is currently owned by institutional investors.
About Denison Mine
(
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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.
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