Denison Mines (NYSEAMERICAN:DNN) Shares Down 5% – Should You Sell?

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) dropped 5% during trading on Tuesday . The stock traded as low as $1.43 and last traded at $1.44. Approximately 33,194,485 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 49,155,410 shares. The stock had previously closed at $1.51.

Denison Mines Price Performance

The stock has a fifty day moving average price of $1.71 and a two-hundred day moving average price of $1.93. The company has a market cap of $1.32 billion, a P/E ratio of -147.00 and a beta of 1.75.

Institutional Investors Weigh In On Denison Mines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Denison Mines by 1.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,884,241 shares of the basic materials company’s stock worth $114,120,000 after acquiring an additional 880,966 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Denison Mines by 43.3% in the fourth quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company’s stock worth $37,595,000 after buying an additional 6,305,332 shares during the period. Alyeska Investment Group L.P. purchased a new position in shares of Denison Mines during the fourth quarter valued at $35,837,000. Segra Capital Management LLC raised its holdings in shares of Denison Mines by 124.8% during the third quarter. Segra Capital Management LLC now owns 18,268,562 shares of the basic materials company’s stock worth $33,431,000 after acquiring an additional 10,140,540 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in Denison Mines by 5.8% during the fourth quarter. Point72 Asset Management L.P. now owns 10,165,800 shares of the basic materials company’s stock valued at $18,298,000 after acquiring an additional 558,200 shares in the last quarter. Institutional investors own 36.74% of the company’s stock.

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.