Acuitas Investments LLC bought a new stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 336,000 shares of the basic materials company's stock, valued at approximately $437,000.
Other hedge funds have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC bought a new position in Denison Mine in the first quarter worth approximately $195,000. Cambridge Investment Research Advisors Inc. raised its holdings in Denison Mine by 27.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 401,491 shares of the basic materials company's stock worth $522,000 after buying an additional 86,704 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Denison Mine in the first quarter valued at $26,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of Denison Mine in the first quarter valued at $178,000. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of Denison Mine during the fourth quarter valued at about $1,939,000. Institutional investors own 36.74% of the company's stock.
Denison Mine Stock Performance
Shares of DNN traded up $0.01 during mid-day trading on Friday, reaching $1.82. The company had a trading volume of 45,244,737 shares, compared to its average volume of 50,236,155. Denison Mine Corp has a 52 week low of $1.08 and a 52 week high of $2.47. The firm has a 50-day moving average price of $1.63 and a 200 day moving average price of $1.73. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of -22.75 and a beta of 1.48.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on DNN. Scotiabank restated an "outperform" rating on shares of Denison Mine in a report on Tuesday, March 25th. Desjardins began coverage on shares of Denison Mine in a research report on Friday, April 4th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $3.00.
Read Our Latest Stock Analysis on DNN
Denison Mine Company Profile
(
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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