Nuveen LLC Acquires Shares of 786,364 Denison Mine Corp $DNN

Nuveen LLC acquired a new stake in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 786,364 shares of the basic materials company’s stock, valued at approximately $1,027,000. Nuveen LLC owned approximately 0.09% of Denison Mine at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Virtu Financial LLC lifted its stake in shares of Denison Mine by 295.3% in the first quarter. Virtu Financial LLC now owns 218,672 shares of the basic materials company’s stock valued at $284,000 after buying an additional 163,360 shares in the last quarter. MMCAP International Inc. SPC lifted its stake in shares of Denison Mine by 36.4% in the first quarter. MMCAP International Inc. SPC now owns 23,895,317 shares of the basic materials company’s stock valued at $31,064,000 after buying an additional 6,371,531 shares in the last quarter. PCJ Investment Counsel Ltd. lifted its stake in shares of Denison Mine by 74.7% in the first quarter. PCJ Investment Counsel Ltd. now owns 1,552,420 shares of the basic materials company’s stock valued at $2,028,000 after buying an additional 663,730 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Denison Mine by 8.0% in the first quarter. National Bank of Canada FI now owns 1,067,530 shares of the basic materials company’s stock valued at $1,390,000 after buying an additional 79,331 shares in the last quarter. Finally, Legacy Capital Group California Inc. lifted its stake in shares of Denison Mine by 66.8% in the first quarter. Legacy Capital Group California Inc. now owns 72,337 shares of the basic materials company’s stock valued at $94,000 after buying an additional 28,963 shares in the last quarter. 36.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DNN. National Bankshares reaffirmed an “outperform” rating on shares of Denison Mine in a report on Monday, August 18th. TD Securities reaffirmed a “buy” rating on shares of Denison Mine in a report on Monday, August 11th. Scotiabank reaffirmed an “outperform” rating on shares of Denison Mine in a report on Thursday, August 7th. Desjardins raised shares of Denison Mine to a “moderate buy” rating in a report on Monday, August 18th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Denison Mine in a report on Monday, August 18th. Two analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. Based on data from MarketBeat, Denison Mine currently has an average rating of “Buy” and an average target price of $3.00.

Denison Mine Price Performance

NYSEAMERICAN DNN opened at $2.32 on Tuesday. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of -38.67 and a beta of 1.38. Denison Mine Corp has a one year low of $1.08 and a one year high of $2.47. The business’s fifty day moving average is $2.02 and its 200-day moving average is $1.69.

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.