Denison Mine Sees Unusually High Options Volume (NYSEAMERICAN:DNN)

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) was the target of unusually large options trading on Monday. Stock traders acquired 15,647 call options on the company. This is an increase of 37% compared to the typical daily volume of 11,438 call options.

Institutional Investors Weigh In On Denison Mine

Several institutional investors and hedge funds have recently made changes to their positions in DNN. Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Denison Mine during the 3rd quarter worth about $28,000. KERR FINANCIAL PLANNING Corp acquired a new position in Denison Mine in the third quarter valued at about $28,000. Summitry LLC bought a new stake in Denison Mine during the fourth quarter worth about $27,000. First Citizens Bank & Trust Co. bought a new stake in Denison Mine during the fourth quarter worth about $27,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Denison Mine during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mine Stock Up 3.0%

Shares of DNN opened at $3.43 on Tuesday. The company has a quick ratio of 10.51, a current ratio of 10.75 and a debt-to-equity ratio of 1.66. The company has a 50-day moving average price of $3.86 and a two-hundred day moving average price of $3.13. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of -20.18 and a beta of 1.17. Denison Mine has a 12 month low of $1.08 and a 12 month high of $4.43.

Analyst Upgrades and Downgrades

Several research firms have commented on DNN. Roth Mkm reaffirmed a “buy” rating and issued a $4.25 price target on shares of Denison Mine in a report on Wednesday, February 18th. TD Securities boosted their price objective on Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a research report on Thursday, March 12th. Scotiabank restated an “outperform” rating on shares of Denison Mine in a research note on Friday, February 20th. Zacks Research upgraded Denison Mine from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Denison Mine in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $5.38.

Denison Mine Company Profile

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.