ArrowMark Colorado Holdings LLC Acquires 393,000 Shares of Denison Mine Corp $DNN

ArrowMark Colorado Holdings LLC raised its holdings in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 15.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,892,000 shares of the basic materials company’s stock after acquiring an additional 393,000 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 0.32% of Denison Mine worth $7,953,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in Denison Mine by 17.5% during the third quarter. Van ECK Associates Corp now owns 62,803,040 shares of the basic materials company’s stock worth $172,709,000 after purchasing an additional 9,348,414 shares during the last quarter. Two Sigma Investments LP lifted its position in Denison Mine by 1,696.3% in the third quarter. Two Sigma Investments LP now owns 17,026,392 shares of the basic materials company’s stock valued at $46,823,000 after purchasing an additional 16,078,514 shares during the last quarter. L1 Capital Pty Ltd raised its holdings in Denison Mine by 4,544.0% during the 3rd quarter. L1 Capital Pty Ltd now owns 14,007,218 shares of the basic materials company’s stock valued at $38,520,000 after buying an additional 13,705,598 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Denison Mine by 1,697.4% during the third quarter. Vanguard Group Inc. now owns 13,263,903 shares of the basic materials company’s stock worth $36,502,000 after purchasing an additional 12,525,956 shares during the period. Finally, Vident Advisory LLC lifted its holdings in Denison Mine by 41.9% in the 2nd quarter. Vident Advisory LLC now owns 9,755,610 shares of the basic materials company’s stock worth $17,755,000 after buying an additional 2,881,618 shares during the period. 36.74% of the stock is owned by institutional investors.

Denison Mine Stock Performance

NYSEAMERICAN:DNN opened at $3.82 on Monday. The stock has a 50-day simple moving average of $3.83 and a two-hundred day simple moving average of $3.08. The firm has a market capitalization of $3.45 billion, a PE ratio of -22.47 and a beta of 1.17. Denison Mine Corp has a 52-week low of $1.08 and a 52-week high of $4.43. The company has a debt-to-equity ratio of 1.66, a quick ratio of 10.51 and a current ratio of 10.75.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DNN shares. TD Securities raised their target price on shares of Denison Mine from $6.00 to $6.50 and gave the stock a “buy” rating in a research report on Thursday. Zacks Research upgraded shares of Denison Mine from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Raymond James Financial restated an “outperform” rating on shares of Denison Mine in a report on Wednesday, January 14th. Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a report on Friday, February 20th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $4.25 price objective on shares of Denison Mine in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat.com, Denison Mine currently has a consensus rating of “Buy” and a consensus target price of $5.38.

Denison Mine Company 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.