2,379,247 Shares in Denison Mines Corp. (NYSEAMERICAN:DNN) Bought by Summit Financial LLC

Summit Financial LLC bought a new stake in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DNN. Vantage Point Financial LLC acquired a new stake in shares of Denison Mines in the 4th quarter valued at $34,000. Commonwealth Equity Services LLC raised its holdings 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 buying an additional 8,500 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of Denison Mines in the fourth quarter worth about $49,000. Fiduciary Family Office LLC bought a new stake in shares of Denison Mines during the 4th quarter worth about $50,000. Finally, Continuum Advisory LLC increased its holdings in shares of Denison Mines by 78.5% during the 3rd quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 14,688 shares during the last quarter. 36.74% of the stock is owned by hedge funds and other institutional investors.

Denison Mines Stock Down 2.3 %

DNN opened at $1.30 on Tuesday. The stock’s 50 day moving average price is $1.65 and its two-hundred day moving average price is $1.90. The firm has a market capitalization of $1.16 billion, a P/E ratio of -130.00 and a beta of 1.75. Denison Mines Corp. has a 12-month low of $1.27 and a 12-month high of $2.47.

Analysts Set New Price Targets

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

Denison Mines 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.