Virtu Financial LLC Acquires New Stake in Denison Mines Corp. (NYSEAMERICAN:DNN)

Virtu Financial LLC bought a new position in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 55,312 shares of the basic materials company’s stock, valued at approximately $100,000.

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

Denison Mines Stock Down 4.3 %

Shares of Denison Mines stock opened at $1.33 on Monday. Denison Mines Corp. has a 52 week low of $1.27 and a 52 week high of $2.47. The stock’s 50-day simple moving average is $1.66 and its 200-day simple moving average is $1.91. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -133.00 and a beta of 1.75.

Analyst Ratings Changes

Separately, Scotiabank reiterated an “outperform” rating on shares of Denison Mines in a research note on Tuesday, March 25th. One 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $3.00.

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.