Denison Mine Corp $DNN Shares Bought by Virtu Financial LLC

Key Points

• Virtu Financial LLC significantly increased its stake in Denison Mine Corp by 295.3% during the first quarter, acquiring a total of 218,672 shares valued at approximately $284,000.
• The stock has received positive ratings, with six analysts issuing a "buy" and two a "strong buy" rating, leading to a consensus price target of $3.00 for Denison Mine shares.
• Denison Mine Corp has a market capitalization of $1.82 billion and has seen a 52-week price range between $1.08 and $2.47.

Virtu Financial LLC raised its stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 295.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 218,672 shares of the basic materials company's stock after purchasing an additional 163,360 shares during the period. Virtu Financial LLC's holdings in Denison Mine were worth $284,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DNN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Denison Mine by 1.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,884,241 shares of the basic materials company's stock valued at $114,120,000 after purchasing an additional 880,966 shares during the last quarter. MMCAP International Inc. SPC grew its position in shares of Denison Mine by 36.4% during the 1st quarter. MMCAP International Inc. SPC now owns 23,895,317 shares of the basic materials company's stock valued at $31,064,000 after purchasing an additional 6,371,531 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in Denison Mine in the fourth quarter worth $35,837,000. Point72 Asset Management L.P. grew its position in Denison Mine by 5.8% in the fourth quarter. Point72 Asset Management L.P. now owns 10,165,800 shares of the basic materials company's stock worth $18,298,000 after acquiring an additional 558,200 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in Denison Mine by 41.5% in the fourth quarter. Marshall Wace LLP now owns 8,135,130 shares of the basic materials company's stock worth $14,643,000 after purchasing an additional 2,387,923 shares during the last quarter. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on DNN. Raymond James Financial reissued an "outperform" rating on shares of Denison Mine in a research note on Monday. Desjardins upgraded shares of Denison Mine to a "moderate buy" rating in a research note on Monday. Scotiabank reiterated an "outperform" rating on shares of Denison Mine in a report on Thursday, August 7th. TD Securities reissued a "buy" rating on shares of Denison Mine in a research note on Monday, August 11th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Denison Mine in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $3.00.

Denison Mine Stock Performance

Shares of NYSEAMERICAN DNN traded down $0.13 during mid-day trading on Tuesday, reaching $1.93. The company's stock had a trading volume of 53,192,462 shares, compared to its average volume of 78,812,109. Denison Mine Corp has a 1-year low of $1.08 and a 1-year high of $2.47. The stock has a market capitalization of $1.73 billion, a P/E ratio of -32.17 and a beta of 1.39. The stock has a 50-day moving average of $1.94 and a two-hundred day moving average of $1.68.

Denison Mine 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.