Denison Mines (NYSEAMERICAN:DNN) Shares Down 3.3% - Time to Sell?

Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML's share price fell 3.3% during mid-day trading on Wednesday . The company traded as low as $1.64 and last traded at $1.63. 7,577,909 shares traded hands during trading, a decline of 80% from the average session volume of 37,360,485 shares. The stock had previously closed at $1.69.

Wall Street Analyst Weigh In

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

Denison Mines Trading Up 3.7%

The firm has a 50-day simple moving average of $1.44 and a two-hundred day simple moving average of $1.77. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -168.00 and a beta of 1.75.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DNN. Oxford Asset Management LLP bought a new stake in Denison Mines during the 4th quarter valued at approximately $26,000. Sowell Financial Services LLC bought a new stake in Denison Mines during the 1st quarter valued at approximately $26,000. Providence Capital Advisors LLC bought a new stake in Denison Mines during the 1st quarter valued at approximately $30,000. Commonwealth Equity Services LLC boosted its stake in Denison Mines by 74.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 8,500 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Denison Mines during the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 36.74% of the company's stock.

Denison Mines 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.