TD Asset Management Inc Has $22.86 Million Position in Denison Mine Corp $DNN

TD Asset Management Inc increased its holdings in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 17.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,608,043 shares of the basic materials company’s stock after purchasing an additional 1,297,838 shares during the period. TD Asset Management Inc’s holdings in Denison Mine were worth $22,858,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DNN. SG Americas Securities LLC acquired a new position in Denison Mine in the fourth quarter worth about $27,000. Summitry LLC acquired a new position in Denison Mine in the fourth quarter worth about $27,000. Aire Advisors LLC acquired a new position in Denison Mine in the third quarter worth about $28,000. KERR FINANCIAL PLANNING Corp acquired a new position in Denison Mine in the third quarter worth about $28,000. Finally, Jones Financial Companies Lllp raised its position in Denison Mine by 65.6% in the third quarter. Jones Financial Companies Lllp now owns 11,515 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 4,563 shares in the last quarter. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mine Price Performance

Shares of Denison Mine stock opened at $3.03 on Monday. The company has a current ratio of 13.77, a quick ratio of 13.46 and a debt-to-equity ratio of 2.81. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of -13.17 and a beta of 1.18. Denison Mine Corp has a 1-year low of $1.56 and a 1-year high of $4.43. The firm’s 50-day moving average price is $3.58 and its two-hundred day moving average price is $3.44.

Analysts Set New Price Targets

Several research firms recently issued reports on DNN. 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. TD Securities increased their price target on shares of Denison Mine from $6.00 to $6.50 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Zacks Research lowered shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Scotiabank reissued an “outperform” rating on shares of Denison Mine in a research report on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Denison Mine currently has an average rating of “Moderate Buy” and an average target price of $5.38.

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.