Virtu Financial LLC Raises Holdings in Denison Mine Corp $DNN

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 lifted its position in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 295.3% in the 1st quarter, according to the company in its most recent disclosure 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 quarter. Virtu Financial LLC's holdings in Denison Mine were worth $284,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Alyeska Investment Group L.P. acquired a new stake in Denison Mine in the fourth quarter valued at approximately $35,837,000. MMCAP International Inc. SPC grew its holdings in Denison Mine by 36.4% in the first 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 during the period. Millennium Management LLC grew its holdings in Denison Mine by 393.3% in the fourth quarter. Millennium Management LLC now owns 5,122,978 shares of the basic materials company's stock valued at $9,221,000 after purchasing an additional 4,084,401 shares during the period. NewGen Asset Management Ltd acquired a new stake in Denison Mine in the fourth quarter valued at approximately $5,441,000. Finally, Marshall Wace LLP grew its holdings 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 valued at $14,643,000 after purchasing an additional 2,387,923 shares during the period. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

Denison Mine Trading Up 1.6%

Shares of NYSEAMERICAN DNN traded up $0.03 during trading hours on Thursday, reaching $1.95. The stock had a trading volume of 31,927,462 shares, compared to its average volume of 62,208,500. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -32.50 and a beta of 1.39. Denison Mine Corp has a fifty-two week low of $1.08 and a fifty-two week high of $2.47. The firm has a 50-day moving average of $1.96 and a 200-day moving average of $1.68.

Analysts Set New Price Targets

Several analysts have commented on the company. Raymond James Financial reissued an "outperform" rating on shares of Denison Mine in a report on Monday. TD Securities reaffirmed a "buy" rating on shares of Denison Mine in a research note on Monday, August 11th. National Bankshares reaffirmed an "outperform" rating on shares of Denison Mine in a research note on Monday. Scotiabank reaffirmed an "outperform" rating on shares of Denison Mine in a research note on Thursday, August 7th. Finally, Desjardins raised Denison Mine to a "moderate buy" rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $3.00.

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.