Stock Traders Buy Large Volume of Denison Mine Call Options (NYSEAMERICAN:DNN)

Key Points

• Unusually large options activity: traders bought 29,967 call options on Denison Mine, about an 82% increase over the average daily call volume of 16,473.
• Analyst sentiment remains positive with Raymond James reiterating an "outperform" rating and a consensus "Buy" from four analysts.
• The stock traded at $3.67 (up $0.12) on 14.78 million shares, with a market cap of $3.31 billion and a negative P/E of -24.30, reflecting current unprofitable status.

Denison Mine Corp (NYSEAMERICAN:DNN - Get Free Report) TSE: DML was the target of unusually large options trading on Friday. Stock investors purchased 29,967 call options on the company. This is an increase of approximately 82% compared to the average daily volume of 16,473 call options.

Analysts Set New Price Targets

Separately, Raymond James Financial reiterated an "outperform" rating on shares of Denison Mine in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

Denison Mine Stock Performance

Shares of DNN stock traded up $0.12 during trading hours on Friday, reaching $3.67. 14,783,218 shares of the company traded hands, compared to its average volume of 48,125,426. The firm has a 50-day moving average price of $2.74 and a 200 day moving average price of $2.52. The company has a market cap of $3.31 billion, a P/E ratio of -24.30 and a beta of 1.25. Denison Mine has a 12-month low of $1.08 and a 12-month high of $3.80. The company has a debt-to-equity ratio of 1.49, a current ratio of 11.97 and a quick ratio of 11.78.

Institutional Investors Weigh In On Denison Mine

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DNN. Ritter Daniher Financial Advisory LLC DE purchased a new position in Denison Mine in the third quarter valued at about $28,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Denison Mine during the third quarter valued at approximately $28,000. SG Americas Securities LLC purchased a new stake in Denison Mine during the fourth quarter valued at approximately $27,000. Aire Advisors LLC purchased a new position in Denison Mine in the third quarter worth $28,000. Finally, Jones Financial Companies Lllp increased its position in shares of Denison Mine by 65.6% during the third quarter. Jones Financial Companies Lllp now owns 11,515 shares of the basic materials company's stock worth $32,000 after purchasing an additional 4,563 shares in the last quarter. Institutional investors own 36.74% of the company's stock.

About Denison Mine

Denison Mines Corp. NYSEAMERICAN: DNN is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company's core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison's flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world's most prolific uranium districts.

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