Denison Mines Corp. (NYSEAMERICAN:DNN) Shares Purchased by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC raised its position in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 185.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,000,000 shares of the basic materials company's stock after buying an additional 650,000 shares during the quarter. Manatuck Hill Partners LLC owned about 0.11% of Denison Mines worth $1,800,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Oxford Asset Management LLP purchased 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 during the 4th quarter valued at $34,000. Commonwealth Equity Services LLC lifted its stake in 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 worth $36,000 after purchasing an additional 8,500 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Denison Mines during the fourth quarter valued at about $38,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Denison Mines in the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 36.74% of the company's stock.

Denison Mines Trading Up 1.7 %

Shares of DNN stock traded up $0.03 on Wednesday, reaching $1.52. 21,414,524 shares of the company's stock were exchanged, compared to its average volume of 31,034,847. The company's fifty day simple moving average is $1.37 and its 200 day simple moving average is $1.80. The stock has a market capitalization of $1.36 billion, a PE ratio of -151.50 and a beta of 1.75. Denison Mines Corp. has a 52 week low of $1.08 and a 52 week high of $2.47.

Wall Street Analysts Forecast Growth

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