D. E. Shaw & Co. Inc. Has $406,000 Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

D. E. Shaw & Co. Inc. lifted its position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 388.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,700 shares of the basic materials company's stock after purchasing an additional 177,900 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Denison Mines were worth $406,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Oxford Asset Management LLP acquired a new position in shares of Denison Mines during the fourth quarter worth $26,000. Vantage Point Financial LLC acquired a new stake in Denison Mines in the fourth quarter valued at $34,000. Commonwealth Equity Services LLC raised its holdings in Denison Mines by 74.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 8,500 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Denison Mines in the fourth quarter valued at $38,000. Finally, Bayesian Capital Management LP acquired a new stake in Denison Mines in the fourth quarter valued at $44,000. 36.74% of the stock is owned by institutional investors and hedge funds.

Denison Mines Trading Down 6.4%

DNN traded down $0.11 on Thursday, reaching $1.60. The company had a trading volume of 167,951,349 shares, compared to its average volume of 35,257,224. The company has a fifty day moving average of $1.41 and a 200-day moving average of $1.76. The company has a market capitalization of $1.43 billion, a P/E ratio of -160.00 and a beta of 1.75. Denison Mines Corp. has a one year low of $1.08 and a one year high of $2.47.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DNN shares. Scotiabank reaffirmed an "outperform" rating on shares of Denison Mines in a report on Tuesday, March 25th. Desjardins started coverage on shares of Denison Mines in a 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 assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $3.00.

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.