2 days Ago By Defense World Staff
Commonwealth Equity Services LLC raised its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN – Free Report) (TSE:DML) by 74.1% in the fourth quarter, according to its most recent 13F filing with the SEC.
The fund owned 19,964 shares of the basic materials company’s stock after buying an additional 8,500 shares during the period. Commonwealth Equity Services LLC’s holdings in Denison Mines were worth $36,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also modified their holdings of the stock.
Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Denison Mines by 116.6% during the 4th quarter.
Connor Clark & Lunn Investment Management Ltd. now owns 7,131,404 shares of the basic materials company’s stock valued at $12,932,000 after purchasing an additional 3,838,504 shares in the last quarter. Avantax Advisory Services Inc.
acquired a new position in shares of Denison Mines in the fourth quarter worth about $49,000. PCJ Investment Counsel Ltd. raised its position in shares of Denison Mines by 11.
9% in the fourth quarter. PCJ Investment Counsel Ltd. now owns 888,690 shares of the basic materials company’s stock worth $1,612,000 after acquiring an additional 94,300 shares during the period.
Prescott Group Capital Management L.L.C.
acquired a new stake in shares of Denison Mines during the 4th quarter valued at about $1,371,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Denison Mines in the 4th quarter valued at about $102,000.
Institutional investors and hedge funds own 36.74% of the company’s stock. Denison Mines Stock PerformanceNYSEAMERICAN DNN opened at $1.
31 on Friday. Denison Mines Corp. has a one year low of $1.
08 and a one year high of $2.47. The firm has a market cap of $1.
17 billion, a price-to-earnings ratio of -131.00 and a beta of 1.75.
The firm has a 50 day simple moving average of $1.51 and a 200-day simple moving average of $1.85.
Analyst Upgrades and DowngradesSeveral analysts have commented on DNN shares. Scotiabank reissued an “outperform” rating on shares of Denison Mines in a report on Tuesday, March 25th. Desjardins began coverage on shares of Denison Mines in a research note on Friday, April 4th.
They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.
com, the company presently has an average rating of “Buy” and an average price target of $3.00.Get Our Latest Research Report on DNNDenison Mines Company Profile (Free Report)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.
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