GeoSphere Capital Management LLC Invests $1.80 Million in Denison Mines Corp. (NYSEAMERICAN:DNN)

GeoSphere Capital Management LLC bought a new position in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,000,000 shares of the basic materials company's stock, valued at approximately $1,800,000. Denison Mines accounts for about 0.8% of GeoSphere Capital Management LLC's investment portfolio, making the stock its 25th largest holding. GeoSphere Capital Management LLC owned approximately 0.11% of Denison Mines as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Oxford Asset Management LLP acquired a new stake in Denison Mines in the fourth quarter worth approximately $26,000. Vantage Point Financial LLC bought a new position in shares of Denison Mines in the fourth quarter valued at $34,000. Commonwealth Equity Services LLC increased its holdings in shares of Denison Mines by 74.1% in the fourth 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 in the last quarter. Headlands Technologies LLC bought a new position in shares of Denison Mines in the fourth quarter valued at $38,000. Finally, Bayesian Capital Management LP bought a new position in shares of Denison Mines in the fourth quarter valued at $44,000. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Denison Mines Trading Down 2.3%

NYSEAMERICAN:DNN traded down $0.04 during trading hours on Thursday, hitting $1.48. 2,780,088 shares of the stock traded hands, compared to its average volume of 31,796,969. The firm has a 50 day moving average price of $1.38 and a 200 day moving average price of $1.78. Denison Mines Corp. has a fifty-two week low of $1.08 and a fifty-two week high of $2.47. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -147.50 and a beta of 1.75.

Analysts Set New Price Targets

Several research firms have issued reports on DNN. Scotiabank reaffirmed an "outperform" rating on shares of Denison Mines in a report on Tuesday, March 25th. Desjardins began coverage on Denison Mines in a report on Friday, April 4th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Denison Mines presently has an average rating of "Buy" and an average price target 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.