DAVENPORT & Co LLC Boosts Holdings in Denison Mine Corp $DNN

DAVENPORT & Co LLC increased its position in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 4,648.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,123,000 shares of the basic materials company’s stock after buying an additional 6,973,000 shares during the quarter. DAVENPORT & Co LLC owned about 0.79% of Denison Mine worth $19,588,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Nuveen LLC purchased a new stake in Denison Mine in the first quarter valued at $1,027,000. HighTower Advisors LLC increased its position in shares of Denison Mine by 13.4% during the 1st quarter. HighTower Advisors LLC now owns 102,180 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 12,050 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Denison Mine by 979,732.3% during the 1st quarter. Russell Investments Group Ltd. now owns 970,034 shares of the basic materials company’s stock worth $1,267,000 after purchasing an additional 969,935 shares during the last quarter. Compound Planning Inc. purchased a new stake in Denison Mine in the 1st quarter valued at about $53,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Denison Mine by 26.3% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 469,087 shares of the basic materials company’s stock valued at $613,000 after buying an additional 97,634 shares during the last quarter. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Denison Mine Stock Performance

NYSEAMERICAN DNN opened at $2.77 on Thursday. The company has a debt-to-equity ratio of 1.49, a current ratio of 11.97 and a quick ratio of 11.78. The company has a market cap of $2.49 billion, a P/E ratio of -18.47 and a beta of 1.40. The stock has a 50-day moving average of $2.68 and a two-hundred day moving average of $2.38. Denison Mine Corp has a 1-year low of $1.08 and a 1-year high of $3.42.

Analyst Ratings Changes

Separately, Raymond James Financial reaffirmed an “outperform” rating on shares of Denison Mine in a research note on Friday, October 10th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

Denison Mine Profile

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.