Millennium Management LLC Has $9.22 Million Stake in Denison Mines Corp. (NYSEAMERICAN:DNN)

Millennium Management LLC increased its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 393.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,122,978 shares of the basic materials company's stock after acquiring an additional 4,084,401 shares during the quarter. Millennium Management LLC owned approximately 0.57% of Denison Mines worth $9,221,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DNN. Van ECK Associates Corp lifted its position 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. JPMorgan Chase & Co. acquired a new stake in shares of Denison Mines in the fourth quarter valued at approximately $501,000. Summit Financial LLC bought a new stake in shares of Denison Mines during the fourth quarter valued at approximately $4,283,000. Titan Global Capital Management USA LLC raised its holdings in shares of Denison Mines by 8.9% during the fourth quarter. Titan Global Capital Management USA LLC now owns 2,738,718 shares of the basic materials company's stock valued at $4,930,000 after buying an additional 223,145 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. acquired a new position in shares of Denison Mines during the fourth quarter worth approximately $1,371,000. Institutional investors own 36.74% of the company's stock.

Denison Mines Trading Down 1.6%

NYSEAMERICAN DNN traded down $0.03 during trading on Friday, reaching $1.58. The company's stock had a trading volume of 39,246,726 shares, compared to its average volume of 35,416,459. The stock has a market capitalization of $1.41 billion, a PE ratio of -157.50 and a beta of 1.75. Denison Mines Corp. has a 1-year low of $1.08 and a 1-year high of $2.47. The business has a 50-day moving average price of $1.41 and a 200-day moving average price of $1.76.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DNN. Desjardins assumed coverage on shares of Denison Mines in a research report on Friday, April 4th. They issued a "buy" rating for the company. Scotiabank reiterated an "outperform" rating on shares of Denison Mines in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price 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.