Denison Mine (NYSEAMERICAN:DNN) Trading Up 7.7% - Still a Buy?

Key Points

• Denison Mine Corp saw its share price increase by 7.7%, reaching $2.55, though the trading volume fell by 21% from its average.
• Analysts are generally positive, with a consensus rating of "Buy" and an average target price of $3.00; multiple firms have issued "outperform" ratings.
• Institutional investors hold 36.74% of Denison Mine's shares, with notable recent purchases from several hedge funds totaling over $133,000.

Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML's share price traded up 7.7% during trading on Monday . The company traded as high as $2.55 and last traded at $2.55. 60,349,017 shares were traded during trading, a decline of 21% from the average session volume of 76,594,555 shares. The stock had previously closed at $2.37.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Scotiabank restated an "outperform" rating on shares of Denison Mine in a report on Thursday, August 7th. National Bankshares reiterated an "outperform" rating on shares of Denison Mine in a report on Monday, August 18th. Desjardins upgraded Denison Mine to a "moderate buy" rating in a report on Monday, August 18th. TD Securities reiterated a "buy" rating on shares of Denison Mine in a report on Monday, August 11th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Denison Mine in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $3.00.

Denison Mine Price Performance

The company has a market capitalization of $2.39 billion, a PE ratio of -44.50 and a beta of 1.38. The firm has a 50-day moving average of $2.20 and a 200 day moving average of $1.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DNN. D. E. Shaw & Co. Inc. lifted its position in shares of Denison Mine by 388.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 223,700 shares of the basic materials company's stock valued at $406,000 after buying an additional 177,900 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Denison Mine by 37.5% during the 4th quarter. Deutsche Bank AG now owns 63,468 shares of the basic materials company's stock valued at $114,000 after buying an additional 17,302 shares in the last quarter. Millennium Management LLC lifted its position in shares of Denison Mine by 393.3% during the 4th quarter. Millennium Management LLC now owns 5,122,978 shares of the basic materials company's stock valued at $9,221,000 after buying an additional 4,084,401 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Denison Mine by 2.9% during the 4th quarter. Two Sigma Investments LP now owns 586,371 shares of the basic materials company's stock valued at $1,055,000 after buying an additional 16,310 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of Denison Mine by 3.9% during the 4th quarter. Mackenzie Financial Corp now owns 450,247 shares of the basic materials company's stock valued at $817,000 after buying an additional 17,087 shares in the last quarter. 36.74% of the stock is owned by hedge funds and other institutional investors.

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.