Vanguard Group Inc. Grows Stock Holdings in Denison Mine Corp $DNN

Vanguard Group Inc. raised its position in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 80.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,960,755 shares of the basic materials company’s stock after acquiring an additional 10,696,852 shares during the quarter. Vanguard Group Inc. owned approximately 2.66% of Denison Mine worth $63,544,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Denison Mine by 17.5% in the third quarter. Van ECK Associates Corp now owns 62,803,040 shares of the basic materials company’s stock valued at $172,709,000 after acquiring an additional 9,348,414 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Denison Mine by 4.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,332,391 shares of the basic materials company’s stock valued at $144,051,000 after acquiring an additional 2,027,151 shares during the period. Two Sigma Investments LP increased its position in shares of Denison Mine by 1,696.3% in the third quarter. Two Sigma Investments LP now owns 17,026,392 shares of the basic materials company’s stock valued at $46,823,000 after acquiring an additional 16,078,514 shares during the period. L1 Capital Pty Ltd increased its position in shares of Denison Mine by 4,544.0% in the third quarter. L1 Capital Pty Ltd now owns 14,007,218 shares of the basic materials company’s stock valued at $38,520,000 after acquiring an additional 13,705,598 shares during the period. Finally, Vident Advisory LLC increased its position in shares of Denison Mine by 41.9% in the second quarter. Vident Advisory LLC now owns 9,755,610 shares of the basic materials company’s stock valued at $17,755,000 after acquiring an additional 2,881,618 shares during the period. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DNN shares. TD Securities boosted their price objective on shares of Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a research report on Thursday, March 12th. Roth Mkm restated a “buy” rating and issued a $4.25 price objective on shares of Denison Mine in a research report on Wednesday, February 18th. Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a research report on Thursday. Finally, Zacks Research upgraded shares of Denison Mine from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $5.38.

Denison Mine Price Performance

Shares of NYSEAMERICAN DNN opened at $3.49 on Friday. Denison Mine Corp has a 1 year low of $1.39 and a 1 year high of $4.43. The company has a debt-to-equity ratio of 1.66, a current ratio of 10.75 and a quick ratio of 10.51. The company’s 50-day moving average is $3.71 and its 200 day moving average is $3.37. The stock has a market capitalization of $3.15 billion, a P/E ratio of -15.17 and a beta of 1.23.

Denison Mine Profile

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.