Denison Mines Sees Unusually Large Options Volume (NYSEAMERICAN:DNN)

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) was the recipient of some unusual options trading activity on Wednesday. Investors acquired 16,918 call options on the company. This is an increase of 327% compared to the typical daily volume of 3,964 call options.

Institutional Investors Weigh In On Denison Mines

Several hedge funds and other institutional investors have recently modified their holdings of the stock. &PARTNERS bought a new position in Denison Mines during the first quarter worth $34,000. RPS Advisory Solutions LLC bought a new position in shares of Denison Mines in the 2nd quarter worth about $46,000. Legacy Capital Group California Inc. lifted its position in shares of Denison Mines by 131.7% in the 2nd quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock worth $46,000 after buying an additional 13,248 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Denison Mines by 39.4% in the 2nd quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock valued at $48,000 after buying an additional 6,777 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Denison Mines during the 1st quarter valued at about $51,000. Institutional investors own 36.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Denison Mines to a “sell” rating in a research report on Wednesday, July 31st. Roth Mkm assumed coverage on Denison Mines in a research note on Thursday, June 27th. They issued a “buy” rating and a $2.60 target price for the company. Roth Capital raised Denison Mines to a “strong-buy” rating in a research report on Thursday, June 27th. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, Scotiabank upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $2.93.

Denison Mines Trading Up 13.2 %

Shares of NYSEAMERICAN DNN opened at $2.19 on Thursday. Denison Mines has a fifty-two week low of $1.40 and a fifty-two week high of $2.47. The company’s 50 day simple moving average is $1.98. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 36.42 and a beta of 1.71.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last released its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $0.97 million during the quarter, compared to the consensus estimate of $0.80 million. Denison Mines had a net margin of 950.42% and a return on equity of 9.45%. As a group, equities analysts anticipate that Denison Mines will post -0.06 EPS for the current year.

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.