DAVENPORT & Co LLC Has $15.71 Million Stock Position in Denison Mine Corp $DNN

DAVENPORT & Co LLC lowered its holdings in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 17.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,904,750 shares of the basic materials company’s stock after selling 1,218,250 shares during the period. DAVENPORT & Co LLC owned about 0.65% of Denison Mine worth $15,707,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Triasima Portfolio Management inc. bought a new position in Denison Mine during the 3rd quarter worth $1,559,000. Alpha Wave Global LP lifted its holdings in Denison Mine by 56.2% during the 2nd quarter. Alpha Wave Global LP now owns 1,843,479 shares of the basic materials company’s stock worth $3,355,000 after buying an additional 663,462 shares during the period. XTX Topco Ltd grew its position in shares of Denison Mine by 504.0% in the 2nd quarter. XTX Topco Ltd now owns 757,158 shares of the basic materials company’s stock valued at $1,378,000 after buying an additional 631,797 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its position in shares of Denison Mine by 15.7% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,892,000 shares of the basic materials company’s stock valued at $7,953,000 after buying an additional 393,000 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Denison Mine by 4.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,332,391 shares of the basic materials company’s stock valued at $144,051,000 after buying an additional 2,027,151 shares during the period. Institutional investors and hedge funds own 36.74% of the company’s stock.

Analyst Ratings Changes

DNN has been the subject of a number of analyst reports. Scotiabank restated an “outperform” rating on shares of Denison Mine in a research report on Friday, February 20th. TD Securities increased their target price on shares of Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a research report on Thursday, March 12th. Raymond James Financial restated an “outperform” rating on shares of Denison Mine in a report on Wednesday, January 14th. Zacks Research upgraded shares of Denison Mine from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Finally, Roth Mkm reiterated a “buy” rating and set a $4.25 price objective on shares of Denison Mine in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat, Denison Mine currently has a consensus rating of “Buy” and an average target price of $5.38.

Denison Mine Stock Performance

DNN stock opened at $3.57 on Thursday. The firm has a market cap of $3.23 billion, a PE ratio of -21.00 and a beta of 1.18. The company has a current ratio of 10.75, a quick ratio of 10.51 and a debt-to-equity ratio of 1.66. The stock has a 50-day moving average price of $3.87 and a 200-day moving average price of $3.14. Denison Mine Corp has a 1-year low of $1.08 and a 1-year high of $4.43.

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.