Squarepoint Ops LLC Takes Position in Denison Mine Corp $DNN

Key Points

• Squarepoint Ops LLC purchased 403,351 shares of Denison Mines in the second quarter, valued at approximately $1.23 million. Institutional investors and hedge funds collectively own 36.74% of the company.
• Analyst sentiment is broadly positive: six analysts rate DNN a Buy and one rates it Hold, resulting in a consensus “Moderate Buy” rating and a $5.38 price target.
• DNN opened at $2.82, below its 50-day and 200-day moving averages of $3.15 and $3.39, respectively. Denison’s main development asset is the Wheeler River uranium project in Saskatchewan’s Athabasca Basin.

Squarepoint Ops LLC purchased a new stake in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 403,351 shares of the basic materials company's stock, valued at approximately $1,234,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Amundi bought a new stake in Denison Mine during the 2nd quarter worth about $606,000. HighTower Advisors LLC acquired a new position in shares of Denison Mine during the second quarter worth approximately $394,000. AlphaGrep UK Ltd acquired a new position in shares of Denison Mine during the second quarter worth approximately $91,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Denison Mine during the second quarter valued at approximately $443,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Denison Mine during the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 36.74% of the company's stock.

Wall Street Analysts Forecast Growth

DNN has been the subject of a number of research reports. Royal Bank Of Canada started coverage on shares of Denison Mine in a research report on Monday, July 13th. They issued an "outperform" rating for the company. Jefferies Financial Group initiated coverage on Denison Mine in a research report on Thursday, September 3rd. They issued a "buy" rating on the stock. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.38.

Denison Mine Price Performance

Shares of DNN stock opened at $2.82 on Thursday. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of -12.82 and a beta of 1.24. Denison Mine Corp has a 12 month low of $2.20 and a 12 month high of $4.43. The company has a quick ratio of 9.14, a current ratio of 9.41 and a debt-to-equity ratio of 2.38. The stock has a 50-day moving average price of $3.15 and a 200 day moving average price of $3.39.

Denison Mine Profile

Denison Mines Corp. is a Canadian uranium exploration and development company focused on advancing uranium projects and acquiring interests in uranium-producing assets. Its activities are concentrated primarily in the Athabasca Basin of northern Saskatchewan, Canada, one of the world's leading uranium-producing regions.

The company's principal development asset is the Wheeler River project, which includes the Phoenix in-situ recovery uranium project and the Gryphon underground project.

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