Summit Financial LLC Invests $4.28 Million in Denison Mines Corp. (NYSEAMERICAN:DNN)

Summit Financial LLC purchased a new position in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,379,247 shares of the basic materials company's stock, valued at approximately $4,283,000. Summit Financial LLC owned approximately 0.27% of Denison Mines at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vantage Point Financial LLC acquired a new stake in shares of Denison Mines during the 4th quarter valued at $34,000. Commonwealth Equity Services LLC increased its position in Denison Mines by 74.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock worth $36,000 after purchasing an additional 8,500 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in shares of Denison Mines during the 4th quarter worth about $49,000. Fiduciary Family Office LLC purchased a new stake in shares of Denison Mines during the 4th quarter worth about $50,000. Finally, Continuum Advisory LLC grew its stake in shares of Denison Mines by 78.5% in the 3rd quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company's stock valued at $61,000 after buying an additional 14,688 shares in the last quarter. Institutional investors and hedge funds own 36.74% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank restated an "outperform" rating on shares of Denison Mines in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Denison Mines currently has a consensus rating of "Buy" and a consensus price target of $3.00.

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Denison Mines Stock Down 4.6 %

NYSEAMERICAN DNN traded down $0.06 during trading on Thursday, hitting $1.24. The company's stock had a trading volume of 61,917,393 shares, compared to its average volume of 26,625,148. Denison Mines Corp. has a 52 week low of $1.24 and a 52 week high of $2.47. The firm has a market cap of $1.11 billion, a P/E ratio of -124.00 and a beta of 1.75. The firm has a 50 day moving average price of $1.62 and a 200 day moving average price of $1.89.

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.