Caitong International Asset Management Co. Ltd Has $106,000 Stock Position in Denison Mine Corp $DNN

Caitong International Asset Management Co. Ltd lifted its stake in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 7,904.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,512 shares of the basic materials company’s stock after acquiring an additional 57,781 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Denison Mine were worth $106,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DNN. HighTower Advisors LLC lifted its position in Denison Mine by 13.4% in the first 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 period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Denison Mine by 6.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 255,459 shares of the basic materials company’s stock worth $334,000 after purchasing an additional 15,136 shares during the period. Cetera Investment Advisers lifted its position in Denison Mine by 1.6% in the first quarter. Cetera Investment Advisers now owns 948,688 shares of the basic materials company’s stock worth $1,233,000 after purchasing an additional 15,298 shares during the period. Arlington Capital Management Inc. lifted its position in Denison Mine by 4.5% in the first quarter. Arlington Capital Management Inc. now owns 490,374 shares of the basic materials company’s stock worth $637,000 after purchasing an additional 21,248 shares during the period. Finally, R Squared Ltd bought a new position in Denison Mine in the second quarter worth $39,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mine Stock Up 2.9%

Denison Mine stock opened at $2.81 on Friday. The stock has a 50-day simple moving average of $2.58 and a 200 day simple moving average of $2.01. Denison Mine Corp has a 12-month low of $1.08 and a 12-month high of $3.42. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of -46.83 and a beta of 1.32.

Wall Street Analyst Weigh In

Several brokerages recently commented on DNN. TD Securities reaffirmed a “buy” rating on shares of Denison Mine in a research report on Monday, August 11th. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a report on Thursday, August 7th. Raymond James Financial reissued an “outperform” rating on shares of Denison Mine in a report on Friday, October 10th. Desjardins raised Denison Mine to a “moderate buy” rating in a report on Monday, August 18th. Finally, National Bankshares reissued an “outperform” rating on shares of Denison Mine in a report on Monday, August 18th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

About Denison Mine

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.