Denison Mines (NYSEAMERICAN:DNN) Trading 2% Higher

Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML shot up 2% during trading on Wednesday . The stock traded as high as $2.11 and last traded at $2.09. 5,650,229 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 14,284,267 shares. The stock had previously closed at $2.05.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Denison Mines to a "sell" rating in a research note on Friday, April 5th.

Denison Mines Trading Up 3.2 %

The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 26.44 and a beta of 1.68.

Denison Mines (NYSEAMERICAN:DNN - Get Free Report) TSE: DML last posted its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. Denison Mines had a return on equity of 17.41% and a net margin of 1,069.10%. The company had revenue of $0.80 million during the quarter. On average, equities research analysts expect that Denison Mines Corp. will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of Denison Mines

A number of hedge funds have recently modified their holdings of the stock. FMR LLC acquired a new position in Denison Mines in the 3rd quarter valued at $39,013,000. MMCAP International Inc. SPC grew its stake in shares of Denison Mines by 37.7% in the fourth quarter. MMCAP International Inc. SPC now owns 31,390,336 shares of the basic materials company's stock valued at $54,148,000 after acquiring an additional 8,592,121 shares in the last quarter. Point72 Asset Management L.P. increased its position in Denison Mines by 61.1% during the fourth quarter. Point72 Asset Management L.P. now owns 9,632,100 shares of the basic materials company's stock worth $17,049,000 after acquiring an additional 3,651,300 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Denison Mines by 7.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,008,885 shares of the basic materials company's stock worth $86,228,000 after purchasing an additional 3,342,434 shares in the last quarter. Finally, Segra Capital Management LLC boosted its holdings in Denison Mines by 10.5% in the 2nd quarter. Segra Capital Management LLC now owns 29,603,529 shares of the basic materials company's stock valued at $37,004,000 after purchasing an additional 2,811,997 shares during the period. Institutional investors and hedge funds own 36.74% of the company's stock.

About Denison Mines

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.