Denison Mines Sees Unusually Large Options Volume (NYSEAMERICAN:DNN)

Denison Mines Corp. (NYSEAMERICAN:DNN - Get Free Report) TSE: DML saw some unusual options trading activity on Tuesday. Investors acquired 24,362 call options on the company. This represents an increase of approximately 301% compared to the average volume of 6,074 call options.

Denison Mines Stock Down 2.2 %

NYSEAMERICAN:DNN traded down $0.04 during mid-day trading on Tuesday, reaching $1.80. The stock had a trading volume of 23,388,283 shares, compared to its average volume of 17,196,816. The stock has a market cap of $1.61 billion, a P/E ratio of -180.00 and a beta of 1.71. Denison Mines has a 1-year low of $1.40 and a 1-year high of $2.47. The business has a 50 day simple moving average of $2.02.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DNN. National Bank Financial upgraded Denison Mines to a "strong-buy" rating in a report on Tuesday, September 3rd. Cibc World Mkts raised shares of Denison Mines to a "strong-buy" rating in a research report on Thursday, September 26th. CIBC started coverage on shares of Denison Mines in a research note on Thursday, September 26th. They issued a "sector outperform" rating and a $3.25 target price on the stock. Roth Mkm reaffirmed a "buy" rating and set a $2.75 price target (up from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets raised Denison Mines from a "market perform" rating to an "outperform" rating in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, Denison Mines presently has a consensus rating of "Buy" and a consensus price target of $3.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DNN. Segra Capital Management LLC lifted its holdings in shares of Denison Mines by 124.8% in the 3rd quarter. Segra Capital Management LLC now owns 18,268,562 shares of the basic materials company's stock worth $33,431,000 after purchasing an additional 10,140,540 shares during the last quarter. Van ECK Associates Corp increased its position in Denison Mines by 96.8% in the third quarter. Van ECK Associates Corp now owns 14,574,159 shares of the basic materials company's stock worth $26,671,000 after buying an additional 7,168,934 shares during the period. Lloyd Harbor Capital Management LLC lifted its stake in Denison Mines by 168.5% in the second quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company's stock valued at $12,288,000 after buying an additional 3,875,016 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings 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 acquiring an additional 3,438,790 shares during the period. Finally, Hood River Capital Management LLC grew its position in shares of Denison Mines by 9.2% during the second quarter. Hood River Capital Management LLC now owns 25,263,766 shares of the basic materials company's stock worth $50,275,000 after acquiring an additional 2,138,603 shares during the last quarter. 36.74% of the stock is currently owned by institutional investors.

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.