Denison Mines Corp. (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) saw unusually large options trading activity on Thursday. Stock investors purchased 17,484 call options on the stock. This is an increase of approximately 347% compared to the average daily volume of 3,910 call options.
Institutional Trading of Denison Mines
A number of hedge funds have recently modified their holdings of DNN. Glenorchy Capital Ltd acquired a new stake in Denison Mines in the 4th quarter worth about $25,000. Avantax Advisory Services Inc. raised its position in shares of Denison Mines by 47.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 18,600 shares of the basic materials company’s stock valued at $33,000 after buying an additional 6,000 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Denison Mines in the 4th quarter valued at approximately $34,000. &PARTNERS acquired a new position in shares of Denison Mines in the 1st quarter valued at approximately $34,000. Finally, Anchor Investment Management LLC acquired a new position in shares of Denison Mines in the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 36.74% of the company’s stock.
Denison Mines Stock Up 4.0 %
Shares of DNN opened at $2.10 on Friday. Denison Mines has a one year low of $1.15 and a one year high of $2.47. The stock has a market capitalization of $1.87 billion, a PE ratio of 30.00 and a beta of 1.72.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on DNN. StockNews.com raised shares of Denison Mines to a “sell” rating in a research report on Sunday, May 19th. Roth Mkm began coverage on shares of Denison Mines in a research report on Thursday. They set a “buy” rating and a $2.60 price objective for the company.
Get Our Latest Research Report on DNN
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.
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