Denison Mines (NYSEAMERICAN:DNN) Stock Price Down 4.4% - Should You Sell?

Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML fell 4.4% during mid-day trading on Thursday . The stock traded as low as $1.63 and last traded at $1.64. 41,676,412 shares traded hands during mid-day trading, an increase of 20% from the average session volume of 34,791,135 shares. The stock had previously closed at $1.71.

Analyst Ratings Changes

Several research firms recently issued reports on DNN. Scotiabank reissued an "outperform" rating on shares of Denison Mines in a research report on Tuesday, March 25th. Desjardins started coverage on Denison Mines in a research report on Friday, April 4th. They issued a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Denison Mines currently has an average rating of "Buy" and a consensus target price of $3.00.

Denison Mines Trading Down 2.2%

The stock's fifty day simple moving average is $1.41 and its 200 day simple moving average is $1.76. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -156.50 and a beta of 1.75.

Institutional Trading of Denison Mines

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Denison Mines by 1.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,884,241 shares of the basic materials company's stock worth $114,120,000 after buying an additional 880,966 shares during the last quarter. MMCAP International Inc. SPC increased its holdings in Denison Mines by 36.4% in the 1st quarter. MMCAP International Inc. SPC now owns 23,895,317 shares of the basic materials company's stock valued at $31,064,000 after purchasing an additional 6,371,531 shares during the last quarter. Van ECK Associates Corp increased its holdings in Denison Mines by 43.3% in the 4th quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company's stock valued at $37,595,000 after purchasing an additional 6,305,332 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in Denison Mines in the 4th quarter valued at approximately $35,837,000. Finally, Point72 Asset Management L.P. increased its holdings in Denison Mines by 5.8% in the 4th quarter. Point72 Asset Management L.P. now owns 10,165,800 shares of the basic materials company's stock valued at $18,298,000 after purchasing an additional 558,200 shares during the last quarter. Institutional investors and hedge funds own 36.74% of the company's stock.

About Denison Mines

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.