JPMorgan Chase & Co. Makes New $501,000 Investment in Denison Mines Corp. (NYSEAMERICAN:DNN)

JPMorgan Chase & Co. acquired a new position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) in the 4th quarter, Holdings Channel reports. The fund acquired 278,569 shares of the basic materials company’s stock, valued at approximately $501,000.

A number of other large investors have also recently made changes to their positions in DNN. Vantage Point Financial LLC purchased a new position in Denison Mines during the 4th quarter worth approximately $34,000. Commonwealth Equity Services LLC raised its holdings in shares of 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 worth $36,000 after purchasing an additional 8,500 shares during the last quarter. Avantax Advisory Services Inc. acquired a new position in Denison Mines during the fourth quarter valued at $49,000. Fiduciary Family Office LLC purchased a new stake in Denison Mines in the fourth quarter valued at $50,000. Finally, Canton Hathaway LLC acquired a new stake in Denison Mines during the 4th quarter worth about $74,000. 36.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DNN shares. Scotiabank reissued an “outperform” rating on shares of Denison Mines in a report on Tuesday, March 25th. Desjardins initiated coverage on Denison Mines in a report on Friday, April 4th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Denison Mines presently has an average rating of “Buy” and an average target price of $3.00.

Denison Mines Stock Down 0.7 %

Shares of Denison Mines stock opened at $1.41 on Thursday. The firm has a market cap of $1.26 billion, a PE ratio of -141.00 and a beta of 1.75. The business has a 50-day moving average price of $1.39 and a 200 day moving average price of $1.81. Denison Mines Corp. has a twelve month low of $1.08 and a twelve month high of $2.47.

About Denison Mines

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.