XTX Topco Ltd Increases Stock Holdings in Denison Mine Corp (NYSEAMERICAN:DNN)

XTX Topco Ltd increased its holdings in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 429.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,361 shares of the basic materials company’s stock after purchasing an additional 101,680 shares during the period. XTX Topco Ltd’s holdings in Denison Mine were worth $163,000 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. JPMorgan Chase & Co. purchased a new stake in shares of Denison Mine in the fourth quarter valued at $501,000. Geode Capital Management LLC grew its position in shares of Denison Mine by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 432,019 shares of the basic materials company’s stock valued at $792,000 after purchasing an additional 11,296 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Denison Mine by 35.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 33,633 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 8,783 shares during the period. Bank of Nova Scotia purchased a new stake in shares of Denison Mine in the fourth quarter valued at $52,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Denison Mine in the fourth quarter valued at $3,543,000. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Denison Mine Stock Down 6.5%

Shares of Denison Mine stock opened at $2.02 on Thursday. The firm has a market cap of $1.81 billion, a P/E ratio of -33.67 and a beta of 1.39. 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 $1.92 and a 200 day moving average price of $1.68.

Wall Street Analysts Forecast Growth

DNN has been the subject of a number of recent analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Denison Mine in a research report on Thursday, August 7th. TD Securities reiterated a “buy” rating on shares of Denison Mine in a report on Monday. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Denison Mine presently has an average rating of “Buy” and a consensus target price of $3.00.

About Denison Mine

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.