Geode Capital Management LLC Grows Stock Holdings in Denison Mines Corp. (NYSEAMERICAN:DNN)

Geode Capital Management LLC grew its holdings in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 432,019 shares of the basic materials company’s stock after acquiring an additional 11,296 shares during the period. Geode Capital Management LLC’s holdings in Denison Mines were worth $792,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in shares of Denison Mines by 43.3% during the 4th quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company’s stock valued at $37,595,000 after acquiring an additional 6,305,332 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Denison Mines by 116.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,131,404 shares of the basic materials company’s stock worth $12,932,000 after purchasing an additional 3,838,504 shares in the last quarter. Summit Financial LLC purchased a new position in Denison Mines during the 4th quarter valued at about $4,283,000. National Bank of Canada FI increased its holdings in shares of Denison Mines by 5.6% in the 4th quarter. National Bank of Canada FI now owns 988,199 shares of the basic materials company’s stock valued at $1,796,000 after acquiring an additional 52,632 shares during the period. Finally, Ninepoint Partners LP bought a new position in shares of Denison Mines during the 4th quarter worth approximately $1,620,000. Institutional investors own 36.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Scotiabank restated an “outperform” rating on shares of Denison Mines in a research note on Tuesday, March 25th. Desjardins assumed coverage on shares of Denison Mines in a research note on Friday, April 4th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, five have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Denison Mines presently has an average rating of “Buy” and an average target price of $3.00.

Denison Mines Stock Performance

Shares of Denison Mines stock opened at $1.43 on Friday. The company has a market cap of $1.28 billion, a PE ratio of -143.00 and a beta of 1.75. The business has a 50-day simple moving average of $1.38 and a 200-day simple moving average of $1.81. Denison Mines Corp. has a one year low of $1.08 and a one year high of $2.47.

Denison Mines Company Profile

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.