Renaissance Technologies LLC Purchases New Shares in Denison Mines Corp. (NYSEAMERICAN:DNN)

Renaissance Technologies LLC purchased a new position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,968,413 shares of the basic materials company’s stock, valued at approximately $3,543,000.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Denison Mines by 8.8% during the 3rd quarter. Geode Capital Management LLC now owns 420,723 shares of the basic materials company’s stock valued at $769,000 after purchasing an additional 34,192 shares during the last quarter. Confluence Investment Management LLC raised its position in Denison Mines by 3.8% in the fourth quarter. Confluence Investment Management LLC now owns 267,217 shares of the basic materials company’s stock worth $481,000 after acquiring an additional 9,831 shares during the period. Fiduciary Family Office LLC purchased a new position in Denison Mines in the fourth quarter valued at about $50,000. Vantage Point Financial LLC bought a new position in shares of Denison Mines during the 4th quarter valued at approximately $34,000. Finally, Van ECK Associates Corp increased its stake in shares of Denison Mines by 43.3% during the 4th quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company’s stock worth $37,595,000 after purchasing an additional 6,305,332 shares during the last quarter. 36.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DNN. Desjardins began coverage on Denison Mines in a research note on Friday, April 4th. They issued a “buy” rating on the stock. Scotiabank reissued an “outperform” rating on shares of Denison Mines in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $3.00.

Denison Mines Price Performance

Denison Mines stock opened at $1.29 on Wednesday. Denison Mines Corp. has a one year low of $1.08 and a one year high of $2.47. The firm has a market capitalization of $1.16 billion, a P/E ratio of -129.00 and a beta of 1.75. The business has a fifty day moving average price of $1.44 and a 200-day moving average price of $1.83.

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.