Denison Mines (NYSEAMERICAN:DNN) Shares Gap Down to $1.39

Denison Mines Corp. (NYSEAMERICAN:DNNGet Rating) (TSE:DML)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $1.39, but opened at $1.36. Denison Mines shares last traded at $1.38, with a volume of 29,722 shares.

Wall Street Analyst Weigh In

Separately, TD Securities initiated coverage on Denison Mines in a report on Wednesday, August 24th. They set a “buy” rating on the stock.

Denison Mines Price Performance

The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 65.53 and a beta of 1.94.

Institutional Trading of Denison Mines

Several institutional investors have recently modified their holdings of the company. Great Valley Advisor Group Inc. acquired a new position in Denison Mines in the fourth quarter worth $173,000. Renaissance Technologies LLC boosted its position in Denison Mines by 44.6% during the fourth quarter. Renaissance Technologies LLC now owns 5,559,225 shares of the basic materials company’s stock valued at $7,620,000 after purchasing an additional 1,713,612 shares during the last quarter. Level Four Advisory Services LLC bought a new position in shares of Denison Mines during the fourth quarter worth approximately $54,000. Alberta Investment Management Corp increased its stake in shares of Denison Mines by 2.4% during the fourth quarter. Alberta Investment Management Corp now owns 350,900 shares of the basic materials company’s stock worth $483,000 after purchasing an additional 8,200 shares during the period. Finally, Gotham Asset Management LLC bought a new position in Denison Mines during the 4th quarter worth $141,000. Institutional investors and hedge funds own 24.96% of the company’s stock.

About Denison Mines

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Denison Mines Corp. engages in the acquisition, exploration, development, extraction, processing, selling of, and investing in uranium properties in Canada. Its flagship project is the 95% interest owned Wheeler River uranium project 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.

Further Reading

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