Denison Mine (NYSEAMERICAN:DNN) Trading Down 6.4% - Here's What Happened

Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML's share price fell 6.4% on Tuesday . The company traded as low as $1.69 and last traded at $1.70. 50,181,178 shares changed hands during trading, a decline of 1% from the average session volume of 50,457,983 shares. The stock had previously closed at $1.81.

Analyst Ratings Changes

Several equities analysts recently weighed in on DNN shares. Scotiabank reissued an "outperform" rating on shares of Denison Mine in a research report on Tuesday, March 25th. Desjardins started 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 given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $3.00.

Denison Mine Trading Up 2.9%

The stock has a market cap of $1.60 billion, a P/E ratio of -22.25 and a beta of 1.48. The company's fifty day simple moving average is $1.65 and its 200-day simple moving average is $1.72.

Hedge Funds Weigh In On Denison Mine

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Oxford Asset Management LLP bought a new position in shares of Denison Mine during the fourth quarter valued at $26,000. Sowell Financial Services LLC acquired a new stake in shares of Denison Mine during the 1st quarter worth about $26,000. Providence Capital Advisors LLC bought a new position in Denison Mine during the 1st quarter valued at about $30,000. Commonwealth Equity Services LLC boosted its position 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 valued at $36,000 after buying an additional 8,500 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Denison Mine in the fourth quarter valued at about $38,000. 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.