Denison Mine Corp (NYSEAMERICAN:DNN) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 6.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 255,459 shares of the basic materials company’s stock after purchasing an additional 15,136 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Denison Mine were worth $334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in DNN. Alyeska Investment Group L.P. purchased a new position in shares of Denison Mine during the 4th quarter valued at approximately $35,837,000. Millennium Management LLC lifted its holdings in Denison Mine by 393.3% in the 4th quarter. Millennium Management LLC now owns 5,122,978 shares of the basic materials company’s stock valued at $9,221,000 after purchasing an additional 4,084,401 shares in the last quarter. NewGen Asset Management Ltd purchased a new position in Denison Mine in the 4th quarter valued at $5,441,000. Marshall Wace LLP lifted its holdings in Denison Mine by 41.5% in the 4th quarter. Marshall Wace LLP now owns 8,135,130 shares of the basic materials company’s stock valued at $14,643,000 after purchasing an additional 2,387,923 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Denison Mine in the 4th quarter valued at $3,543,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

Analysts Set New Price Targets

Separately, Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a report on Thursday. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Denison Mine currently has a consensus rating of “Buy” and an average target price of $3.00.

Denison Mine Stock Down 5.4%

DNN stock opened at $2.12 on Friday. Denison Mine Corp has a fifty-two week low of $1.08 and a fifty-two week high of $2.47. The business has a 50 day moving average price of $1.89 and a 200 day moving average price of $1.68. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of -26.50 and a beta of 1.39.

Denison Mine 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.