Stock Traders Purchase High Volume of Call Options on Denison Mine (NYSEAMERICAN:DNN)

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) saw unusually large options trading activity on Monday. Stock traders acquired 15,647 call options on the company. This is an increase of approximately 37% compared to the typical daily volume of 11,438 call options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ritter Daniher Financial Advisory LLC DE acquired a new position in Denison Mine in the third quarter valued at $28,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Denison Mine during the third quarter worth about $28,000. Summitry LLC acquired a new stake in shares of Denison Mine during the fourth quarter worth about $27,000. First Citizens Bank & Trust Co. purchased a new position in shares of Denison Mine during the fourth quarter worth about $27,000. Finally, SG Americas Securities LLC purchased a new position in shares of Denison Mine during the fourth quarter worth about $27,000. 36.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DNN shares. TD Securities upped 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. Raymond James Financial reiterated an “outperform” rating on shares of Denison Mine in a research note on Wednesday, January 14th. Roth Mkm reissued a “buy” rating and issued a $4.25 price target on shares of Denison Mine in a research report on Wednesday, February 18th. Scotiabank restated an “outperform” rating on shares of Denison Mine in a research note on Friday, February 20th. Finally, Zacks Research raised Denison Mine from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $5.38.

Denison Mine Stock Performance

Shares of DNN stock traded up $0.13 during trading hours on Monday, hitting $3.46. The stock had a trading volume of 16,915,297 shares, compared to its average volume of 48,636,633. The firm has a market capitalization of $3.12 billion, a PE ratio of -20.35 and a beta of 1.17. Denison Mine has a twelve month low of $1.08 and a twelve month high of $4.43. The stock’s 50 day moving average is $3.86 and its 200 day moving average is $3.12. The company has a debt-to-equity ratio of 1.66, a current ratio of 10.75 and a quick ratio of 10.51.

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.