Renaissance Technologies LLC Invests $3.54 Million in Denison Mines Corp. (NYSEAMERICAN:DNN)

Renaissance Technologies LLC bought a new stake in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,968,413 shares of the basic materials company's stock, valued at approximately $3,543,000. Renaissance Technologies LLC owned approximately 0.22% of Denison Mines as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vantage Point Financial LLC acquired a new position in shares of Denison Mines in the fourth quarter worth $34,000. Commonwealth Equity Services LLC increased its position in Denison Mines by 74.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock worth $36,000 after buying an additional 8,500 shares during the last quarter. Headlands Technologies LLC acquired a new position in Denison Mines during the fourth quarter worth $38,000. Avantax Advisory Services Inc. acquired a new position in Denison Mines during the fourth quarter worth $49,000. Finally, Fiduciary Family Office LLC acquired a new position in Denison Mines during the fourth quarter worth $50,000. Hedge funds and other institutional investors own 36.74% of the company's stock.

Denison Mines Price Performance

Shares of NYSEAMERICAN DNN traded up $0.07 during mid-day trading on Monday, hitting $1.46. The company had a trading volume of 61,800,504 shares, compared to its average volume of 29,990,453. The business's 50-day simple moving average is $1.40 and its 200-day simple moving average is $1.81. Denison Mines Corp. has a 12 month low of $1.08 and a 12 month high of $2.47. The firm has a market cap of $1.31 billion, a P/E ratio of -146.00 and a beta of 1.75.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Scotiabank reissued an "outperform" rating on shares of Denison Mines in a research report on Tuesday, March 25th. Desjardins assumed coverage on shares of Denison Mines in a research report 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 stock. Based on data from MarketBeat.com, Denison Mines presently has a consensus rating of "Buy" and a consensus target price of $3.00.

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.