Cambridge Investment Research Advisors Inc. Purchases 86,704 Shares of Denison Mine Corp (NYSEAMERICAN:DNN)

Cambridge Investment Research Advisors Inc. raised its position in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 27.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 401,491 shares of the basic materials company’s stock after purchasing an additional 86,704 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Denison Mine were worth $522,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DNN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Denison Mine by 1.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,884,241 shares of the basic materials company’s stock worth $114,120,000 after acquiring an additional 880,966 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in Denison Mine in the fourth quarter worth approximately $35,837,000. Point72 Asset Management L.P. boosted its holdings in Denison Mine by 5.8% in the fourth quarter. Point72 Asset Management L.P. now owns 10,165,800 shares of the basic materials company’s stock worth $18,298,000 after acquiring an additional 558,200 shares in the last quarter. Marshall Wace LLP boosted its holdings in Denison Mine by 41.5% in the fourth quarter. Marshall Wace LLP now owns 8,135,130 shares of the basic materials company’s stock worth $14,643,000 after acquiring an additional 2,387,923 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Denison Mine 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 acquiring an additional 3,838,504 shares in the last quarter. 36.74% of the stock is currently owned by institutional investors.

Denison Mine Price Performance

Shares of NYSEAMERICAN:DNN opened at $1.69 on Thursday. Denison Mine Corp has a 1 year low of $1.08 and a 1 year high of $2.47. The business has a 50 day simple moving average of $1.65 and a two-hundred day simple moving average of $1.72. The firm has a market capitalization of $1.51 billion, a PE ratio of -21.13 and a beta of 1.48.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DNN. Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a report on Tuesday, March 25th. Desjardins initiated coverage on Denison Mine in a report on Friday, April 4th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $3.00.

Denison Mine 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.