Polar Asset Management Partners Inc. Takes Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Polar Asset Management Partners Inc. acquired a new stake in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,077,400 shares of the basic materials company's stock, valued at approximately $1,939,000. Polar Asset Management Partners Inc. owned approximately 0.12% of Denison Mines at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DNN. Oxford Asset Management LLP purchased a new stake in shares of Denison Mines during the 4th quarter valued at about $26,000. Vantage Point Financial LLC purchased a new stake in shares of Denison Mines during the 4th quarter valued at about $34,000. Commonwealth Equity Services LLC raised its holdings in shares of Denison Mines by 74.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock valued at $36,000 after buying an additional 8,500 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Denison Mines during the 4th quarter valued at about $38,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of Denison Mines during the 4th quarter valued at about $44,000. 36.74% of the stock is owned by institutional investors and hedge funds.

Denison Mines Trading Down 2.2%

DNN stock traded down $0.04 during midday trading on Friday, hitting $1.57. 191,220,909 shares of the company's stock were exchanged, compared to its average volume of 36,099,210. Denison Mines Corp. has a 12-month low of $1.08 and a 12-month high of $2.47. The firm has a 50 day moving average price of $1.41 and a 200-day moving average price of $1.76. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of -156.50 and a beta of 1.75.

Analyst Ratings Changes

Several brokerages recently commented on DNN. Scotiabank reiterated an "outperform" rating on shares of Denison Mines in a report on Tuesday, March 25th. Desjardins started coverage on Denison Mines in a report on Friday, April 4th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company 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.