Crown Wealth Group LLC Acquires Shares of 42,712 Denison Mine Corp $DNN

Crown Wealth Group LLC purchased a new position in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 42,712 shares of the basic materials company’s stock, valued at approximately $78,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its stake in Denison Mine by 979,732.3% in the 1st quarter. Russell Investments Group Ltd. now owns 970,034 shares of the basic materials company’s stock worth $1,267,000 after acquiring an additional 969,935 shares in the last quarter. Quantbot Technologies LP grew its stake in Denison Mine by 66.6% in the first quarter. Quantbot Technologies LP now owns 962,991 shares of the basic materials company’s stock worth $1,252,000 after purchasing an additional 384,878 shares in the last quarter. Tejara Capital Ltd purchased a new position in Denison Mine during the 1st quarter worth $1,008,000. Triasima Portfolio Management inc. bought a new stake in Denison Mine during the 1st quarter valued at $455,000. Finally, Acuitas Investments LLC purchased a new stake in shares of Denison Mine in the 1st quarter worth $437,000. Institutional investors own 36.74% of the company’s stock.

Denison Mine Stock Up 4.0%

DNN stock opened at $2.86 on Friday. Denison Mine Corp has a 52-week low of $1.08 and a 52-week high of $2.95. The firm has a market cap of $2.56 billion, a P/E ratio of -47.67 and a beta of 1.38. The company’s 50-day simple moving average is $2.27 and its 200-day simple moving average is $1.79.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Desjardins upgraded Denison Mine to a “moderate buy” rating in a report on Monday, August 18th. National Bankshares restated an “outperform” rating on shares of Denison Mine in a report on Monday, August 18th. Raymond James Financial reaffirmed an “outperform” rating on shares of Denison Mine in a research report on Monday, August 18th. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a report on Thursday, August 7th. Finally, TD Securities reaffirmed a “buy” rating on shares of Denison Mine in a research report on Monday, August 11th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $2.75.

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.