Alpha Wave Global LP Purchases 663,462 Shares of Denison Mine Corp $DNN

Alpha Wave Global LP grew its holdings in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 56.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,843,479 shares of the basic materials company’s stock after purchasing an additional 663,462 shares during the quarter. Denison Mine makes up approximately 0.4% of Alpha Wave Global LP’s holdings, making the stock its 21st biggest holding. Alpha Wave Global LP owned about 0.21% of Denison Mine worth $3,355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DNN. De Lisle Partners LLP boosted its stake in Denison Mine by 7.9% in the second quarter. De Lisle Partners LLP now owns 2,037,909 shares of the basic materials company’s stock valued at $3,709,000 after acquiring an additional 150,000 shares during the last quarter. Scotia Capital Inc. lifted its stake in shares of Denison Mine by 2.5% in the 2nd quarter. Scotia Capital Inc. now owns 240,107 shares of the basic materials company’s stock valued at $437,000 after purchasing an additional 5,818 shares during the period. J.W. Cole Advisors Inc. boosted its position in shares of Denison Mine by 54.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 58,620 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 20,620 shares during the last quarter. XTX Topco Ltd grew its stake in shares of Denison Mine by 504.0% during the second quarter. XTX Topco Ltd now owns 757,158 shares of the basic materials company’s stock worth $1,378,000 after purchasing an additional 631,797 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Denison Mine by 20.7% during the second quarter. Legal & General Group Plc now owns 1,070,969 shares of the basic materials company’s stock worth $1,954,000 after purchasing an additional 183,952 shares during the period. 36.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DNN has been the topic of a number of recent analyst reports. Scotiabank restated an “outperform” rating on shares of Denison Mine in a report on Thursday, August 7th. TD Securities reiterated a “buy” rating on shares of Denison Mine in a research report on Monday, August 11th. Raymond James Financial reissued an “outperform” rating on shares of Denison Mine in a research note on Friday, October 10th. National Bankshares restated an “outperform” rating on shares of Denison Mine in a report on Monday, August 18th. Finally, Desjardins upgraded shares of Denison Mine to a “moderate buy” rating in a report on Monday, August 18th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Denison Mine has a consensus rating of “Buy”.

Denison Mine Price Performance

Shares of DNN opened at $2.84 on Friday. The company has a quick ratio of 11.78, a current ratio of 11.97 and a debt-to-equity ratio of 1.49. The stock has a market cap of $2.55 billion, a PE ratio of -18.93 and a beta of 1.40. Denison Mine Corp has a 12-month low of $1.08 and a 12-month high of $3.42. The business has a 50-day simple moving average of $2.74 and a two-hundred day simple moving average of $2.27.

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.