Virtu Financial LLC Purchases Shares of 55,312 Denison Mines Corp. (NYSEAMERICAN:DNN)

Virtu Financial LLC acquired a new position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 55,312 shares of the basic materials company’s stock, valued at approximately $100,000.

Several other hedge funds have also modified their holdings of the company. Vantage Point Financial LLC bought a new position in shares of Denison Mines in the 4th quarter valued at about $34,000. Commonwealth Equity Services LLC raised its position 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 purchasing an additional 8,500 shares during the period. Avantax Advisory Services Inc. purchased a new stake in Denison Mines during the fourth quarter valued at approximately $49,000. Fiduciary Family Office LLC bought a new stake in shares of Denison Mines in the 4th quarter valued at approximately $50,000. Finally, Continuum Advisory LLC boosted its holdings in shares of Denison Mines by 78.5% in the 3rd quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 14,688 shares during the period. 36.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Scotiabank restated 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’s stock. According to MarketBeat.com, Denison Mines has an average rating of “Buy” and a consensus target price of $3.00.

Denison Mines Price Performance

Shares of NYSEAMERICAN:DNN opened at $1.33 on Monday. The firm has a market capitalization of $1.19 billion, a PE ratio of -133.00 and a beta of 1.75. The business has a 50 day simple moving average of $1.66 and a two-hundred day simple moving average of $1.91. Denison Mines Corp. has a 1 year low of $1.27 and a 1 year high of $2.47.

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.