MMCAP International Inc. SPC cut its position in Denison Mine Corp (NYSEAMERICAN:DNN – Free Report) (TSE:DML) by 24.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,219,531 shares of the basic materials company’s stock after selling 2,286,340 shares during the period. Denison Mine accounts for approximately 2.0% of MMCAP International Inc. SPC’s investment portfolio, making the stock its 8th biggest holding. MMCAP International Inc. SPC’s holdings in Denison Mine were worth $19,204,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in DNN. Royal Bank of Canada raised its holdings in Denison Mine by 14.6% in the first quarter. Royal Bank of Canada now owns 4,317,738 shares of the basic materials company’s stock worth $5,613,000 after purchasing an additional 550,064 shares in the last quarter. Millennium Management LLC raised its holdings in Denison Mine by 11.5% in the first quarter. Millennium Management LLC now owns 5,710,330 shares of the basic materials company’s stock worth $7,423,000 after purchasing an additional 587,352 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Denison Mine by 2.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,687,875 shares of the basic materials company’s stock worth $2,194,000 after purchasing an additional 45,125 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Denison Mine by 62.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,504,193 shares of the basic materials company’s stock worth $1,955,000 after purchasing an additional 578,365 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Denison Mine by 29.4% in the second quarter. Envestnet Asset Management Inc. now owns 55,962 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 12,705 shares in the last quarter. 36.74% of the stock is currently owned by institutional investors.
Denison Mine Stock Performance
DNN opened at $3.35 on Wednesday. Denison Mine Corp has a 52-week low of $1.51 and a 52-week high of $4.43. The company has a quick ratio of 13.46, a current ratio of 13.77 and a debt-to-equity ratio of 2.81. The company has a market cap of $3.03 billion, a P/E ratio of -14.57 and a beta of 1.23. The firm’s 50-day moving average price is $3.60 and its 200-day moving average price is $3.39.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on DNN
About Denison Mine
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.
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