Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML's stock price traded up 6.7% during mid-day trading on Wednesday . The stock traded as high as $1.99 and last traded at $2.00. 56,515,819 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 51,800,149 shares. The stock had previously closed at $1.87.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Desjardins assumed coverage on shares of Denison Mine in a research report on Friday, April 4th. They set a "buy" rating for the company. Scotiabank reaffirmed an "outperform" rating on shares of Denison Mine in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Denison Mine has a consensus rating of "Buy" and an average price target of $3.00.
Check Out Our Latest Stock Analysis on DNN
Denison Mine Trading Up 1.4%
The firm has a market cap of $1.92 billion, a PE ratio of -26.75 and a beta of 1.48. The stock's 50 day moving average price is $1.71 and its 200 day moving average price is $1.70.
Hedge Funds Weigh In On Denison Mine
A number of institutional investors have recently made changes to their positions in the business. Millennium Management LLC lifted its holdings in 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 worth $9,221,000 after buying an additional 4,084,401 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Denison Mine during the fourth quarter valued at approximately $1,939,000. JPMorgan Chase & Co. acquired a new stake in shares of Denison Mine during the 4th quarter worth approximately $501,000. Summit Financial LLC acquired a new stake in shares of Denison Mine during the 4th quarter worth approximately $4,283,000. Finally, Triasima Portfolio Management inc. acquired a new position in shares of Denison Mine during the first quarter valued at $455,000. 36.74% of the stock is owned by institutional investors and hedge funds.
About Denison Mine
(
Get Free Report)
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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