Bank of America Corp DE Acquires 760,719 Shares of Denison Mine Corp $DNN

Bank of America Corp DE increased its holdings in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 77.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,743,780 shares of the basic materials company’s stock after purchasing an additional 760,719 shares during the quarter. Bank of America Corp DE’s holdings in Denison Mine were worth $6,156,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Summitry LLC bought a new position in Denison Mine during the 4th quarter worth about $27,000. First Citizens Bank & Trust Co. bought a new stake in shares of Denison Mine in the fourth quarter valued at about $27,000. Invesco Ltd. bought a new stake in shares of Denison Mine in the fourth quarter valued at about $27,000. State of Wyoming acquired a new position in shares of Denison Mine during the fourth quarter worth about $28,000. Finally, Investor s Fiduciary Advisor Network LLC acquired a new position in shares of Denison Mine during the fourth quarter worth about $28,000. 36.74% of the stock is owned by institutional investors.

Denison Mine Trading Down 2.4%

Denison Mine stock opened at $3.63 on Thursday. The firm has a 50-day moving average of $3.14 and a 200-day moving average of $3.47. Denison Mine Corp has a one year low of $2.14 and a one year high of $4.43. The company has a debt-to-equity ratio of 2.38, a current ratio of 9.41 and a quick ratio of 9.14. The company has a market cap of $3.29 billion, a price-to-earnings ratio of -16.50 and a beta of 1.23.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DNN shares. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a research report on Thursday, May 14th. Royal Bank Of Canada started coverage on Denison Mine in a research report on Monday, July 13th. They set an “outperform” rating for the company. Finally, Zacks Research cut shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Five research 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, the company has a consensus rating of “Moderate Buy” and a consensus 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.