Denison Mines (NYSEAMERICAN:DNN) Shares Up 3.7%

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) shares shot up 3.7% on Friday . The stock traded as high as $1.65 and last traded at $1.64. 5,463,705 shares changed hands during trading, an increase of 20% from the average session volume of 4,552,449 shares. The stock had previously closed at $1.58.

Wall Street Analysts Forecast Growth

DNN has been the subject of a number of research reports. StockNews.com upgraded shares of Denison Mines to a “sell” rating in a report on Thursday, September 7th. Raymond James reduced their price target on shares of Denison Mines from C$2.50 to C$2.40 in a report on Tuesday, June 27th. TD Securities raised their price target on shares of Denison Mines from C$2.25 to C$2.50 in a report on Tuesday, June 27th. Finally, Cormark upgraded shares of Denison Mines to a “buy” rating in a report on Tuesday, June 27th.

Denison Mines Price Performance

The firm has a market cap of $1.39 billion, a PE ratio of -165.00 and a beta of 1.83. The company’s fifty day moving average price is $1.20.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last issued its quarterly earnings data on Thursday, August 10th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $2.60 million during the quarter. Denison Mines had a negative net margin of 136.87% and a negative return on equity of 3.24%. On average, sell-side analysts anticipate that Denison Mines Corp. will post -0.02 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its position in shares of Denison Mines by 44.4% during the second quarter. Integrated Wealth Concepts LLC now owns 26,000 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 8,000 shares in the last quarter. Geode Capital Management LLC raised its position in Denison Mines by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 292,869 shares of the basic materials company’s stock worth $335,000 after acquiring an additional 8,335 shares during the period. Mackenzie Financial Corp raised its position in Denison Mines by 2.8% in the fourth quarter. Mackenzie Financial Corp now owns 342,449 shares of the basic materials company’s stock worth $391,000 after acquiring an additional 9,267 shares during the period. Raymond James & Associates raised its position in Denison Mines by 24.6% in the first quarter. Raymond James & Associates now owns 55,640 shares of the basic materials company’s stock worth $89,000 after acquiring an additional 11,000 shares during the period. Finally, UBS Group AG raised its position in Denison Mines by 0.9% in the fourth quarter. UBS Group AG now owns 1,366,694 shares of the basic materials company’s stock worth $1,572,000 after acquiring an additional 12,536 shares during the period. 30.93% of the stock is owned by institutional investors.

About Denison Mines

Denison Mines Corp. operates as a uranium exploration and development company in Canada. Its flagship project is the 95% interest owned 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.