Point72 Asset Management L.P. Boosts Stock Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Point72 Asset Management L.P. lifted its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,165,800 shares of the basic materials company's stock after purchasing an additional 558,200 shares during the quarter. Point72 Asset Management L.P. owned 1.13% of Denison Mines worth $18,298,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Oxford Asset Management LLP acquired a new stake in shares of Denison Mines during the 4th quarter worth approximately $26,000. Vantage Point Financial LLC acquired a new position in Denison Mines during the fourth quarter valued at approximately $34,000. Commonwealth Equity Services LLC lifted its stake in Denison Mines by 74.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock worth $36,000 after purchasing an additional 8,500 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Denison Mines in the 4th quarter valued at $38,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of Denison Mines in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 36.74% of the company's stock.

Denison Mines Stock Performance

Denison Mines stock traded up $0.04 during mid-day trading on Tuesday, reaching $1.45. The stock had a trading volume of 58,945,134 shares, compared to its average volume of 32,372,833. The firm has a market capitalization of $1.30 billion, a PE ratio of -145.00 and a beta of 1.75. Denison Mines Corp. has a fifty-two week low of $1.08 and a fifty-two week high of $2.47. The stock's 50-day simple moving average is $1.39 and its 200-day simple moving average is $1.77.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Scotiabank restated 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 note on Friday, April 4th. They issued 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 three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $3.00.

Denison Mines 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.