Ardsley Advisory Partners LP Purchases 2,100,000 Shares of Denison Mine Corp $DNN

Ardsley Advisory Partners LP grew its position in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 105.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,100,000 shares of the basic materials company’s stock after buying an additional 2,100,000 shares during the quarter. Denison Mine accounts for approximately 1.2% of Ardsley Advisory Partners LP’s holdings, making the stock its 28th largest position. Ardsley Advisory Partners LP’s holdings in Denison Mine were worth $10,906,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Guggenheim Capital LLC bought a new position in Denison Mine in the 4th quarter worth $149,000. Cetera Investment Advisers raised its holdings in Denison Mine by 12.5% in the 4th quarter. Cetera Investment Advisers now owns 942,610 shares of the basic materials company’s stock worth $2,507,000 after purchasing an additional 104,778 shares during the period. Hilltop Holdings Inc. bought a new position in Denison Mine in the 4th quarter worth $619,000. ArrowMark Colorado Holdings LLC raised its holdings in Denison Mine by 15.0% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 3,327,000 shares of the basic materials company’s stock worth $8,850,000 after purchasing an additional 435,000 shares during the period. Finally, Amundi bought a new position in Denison Mine in the 4th quarter worth $214,000. 36.74% of the stock is owned by institutional investors.

Denison Mine Trading Down 0.6%

Shares of DNN stock opened at $3.31 on Thursday. Denison Mine Corp has a 52-week low of $1.67 and a 52-week high of $4.43. The company has a debt-to-equity ratio of 2.81, a quick ratio of 13.46 and a current ratio of 13.77. The firm has a market capitalization of $2.99 billion, a PE ratio of -14.39 and a beta of 1.18. The stock has a fifty day simple moving average of $3.51 and a two-hundred day simple moving average of $3.48.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. TD Securities raised their target price on Denison Mine from $6.00 to $6.50 and gave the stock a “buy” rating in a report on Thursday, March 12th. Roth Mkm reaffirmed a “buy” rating and issued a $4.25 target price on shares of Denison Mine in a report on Wednesday, February 18th. Zacks Research cut Denison Mine from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Denison Mine in a report on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Denison Mine has a consensus rating of “Moderate Buy” and an average price target 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.