Shares of Denison Mines Corp. (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $1.93. Denison Mines shares last traded at $1.92, with a volume of 37,266,441 shares.
Wall Street Analyst Weigh In
Separately, Roth Mkm restated a “buy” rating and issued a $2.75 price target (up from $2.60) on shares of Denison Mines in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, three have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $3.00.
Read Our Latest Stock Report on Denison Mines
Denison Mines Price Performance
Institutional Trading of Denison Mines
A number of hedge funds and other institutional investors have recently bought and sold shares of DNN. Van ECK Associates Corp increased its stake in shares of Denison Mines by 43.3% during the fourth quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company’s stock valued at $37,595,000 after buying an additional 6,305,332 shares during the period. Segra Capital Management LLC increased its stake in shares of Denison Mines by 124.8% during the third quarter. Segra Capital Management LLC now owns 18,268,562 shares of the basic materials company’s stock valued at $33,431,000 after buying an additional 10,140,540 shares during the period. Bridgewater Associates LP increased its stake in shares of Denison Mines by 10.2% during the third quarter. Bridgewater Associates LP now owns 8,359,815 shares of the basic materials company’s stock valued at $15,298,000 after buying an additional 774,441 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Denison Mines by 499.0% during the third quarter. The Manufacturers Life Insurance Company now owns 4,127,950 shares of the basic materials company’s stock valued at $7,514,000 after buying an additional 3,438,790 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Denison Mines by 19.5% during the third quarter. Janus Henderson Group PLC now owns 3,963,565 shares of the basic materials company’s stock valued at $7,230,000 after buying an additional 647,046 shares during the period. Hedge funds and other institutional investors own 36.74% of the company’s stock.
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.
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