Denison Mine Target of Unusually Large Options Trading (NYSEAMERICAN:DNN)

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) saw unusually large options trading on Monday. Stock investors acquired 15,647 call options on the stock. This represents an increase of 37% compared to the average daily volume of 11,438 call options.

Denison Mine Stock Up 3.8%

NYSEAMERICAN DNN traded up $0.13 on Monday, hitting $3.46. 16,915,297 shares of the stock were exchanged, compared to its average volume of 48,636,633. Denison Mine has a fifty-two week low of $1.08 and a fifty-two week high of $4.43. The company has a 50-day moving average price of $3.86 and a 200-day moving average price of $3.12. The company has a quick ratio of 10.51, a current ratio of 10.75 and a debt-to-equity ratio of 1.66. The company has a market cap of $3.12 billion, a PE ratio of -20.35 and a beta of 1.17.

Hedge Funds Weigh In On Denison Mine

Large investors have recently bought and sold shares of the business. Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Denison Mine during the 3rd quarter worth about $28,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Denison Mine during the 3rd quarter worth about $28,000. Summitry LLC acquired a new stake in shares of Denison Mine during the 4th quarter worth about $27,000. First Citizens Bank & Trust Co. purchased a new stake in Denison Mine during the fourth quarter worth approximately $27,000. Finally, SG Americas Securities LLC purchased a new stake in Denison Mine during the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on DNN. Zacks Research upgraded shares of Denison Mine from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Raymond James Financial restated an “outperform” rating on shares of Denison Mine in a report on Wednesday, January 14th. TD Securities lifted their target price on shares of Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a report on Thursday, March 12th. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a research report on Friday, February 20th. Finally, Roth Mkm restated a “buy” rating and set a $4.25 price target on shares of Denison Mine in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $5.38.

About Denison Mine

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.