Denison Mines (NYSEAMERICAN:DNN) Trading Up 4.8%

Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML shot up 4.8% on Friday . The stock traded as high as $2.20 and last traded at $2.20. 5,373,375 shares were traded during trading, a decline of 64% from the average session volume of 14,959,184 shares. The stock had previously closed at $2.10.

Analyst Ratings Changes

Separately, StockNews.com upgraded Denison Mines to a "sell" rating in a research note on Monday.

Denison Mines Stock Up 6.9 %

The stock has a market capitalization of $2.00 billion, a P/E ratio of 32.29 and a beta of 1.67.

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 (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. Denison Mines had a return on equity of 12.96% and a net margin of 888.36%. The firm had revenue of $0.80 million for the quarter. Equities analysts forecast that Denison Mines Corp. will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DNN. FMR LLC bought a new position in shares of Denison Mines in the 3rd quarter worth $39,013,000. MMCAP International Inc. SPC boosted its position in shares of Denison Mines by 37.7% in the 4th quarter. MMCAP International Inc. SPC now owns 31,390,336 shares of the basic materials company's stock worth $54,148,000 after purchasing an additional 8,592,121 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Denison Mines by 7.3% during the fourth 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 acquiring an additional 3,342,434 shares in the last quarter. Alps Advisors Inc. lifted its holdings in Denison Mines by 5.4% during the third quarter. Alps Advisors Inc. now owns 40,076,124 shares of the basic materials company's stock worth $66,126,000 after acquiring an additional 2,053,646 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new position in Denison Mines during the third quarter worth about $2,774,000. 36.74% of the stock is currently owned by institutional investors.

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.