Old West Investment Management LLC purchased a new stake in Denison Mine Corp (NYSEAMERICAN:DNN – Free Report) (TSE:DML) in the second quarter, HoldingsChannel reports. The institutional investor purchased 661,255 shares of the basic materials company’s stock, valued at approximately $2,023,000.
Other large investors also recently bought and sold shares of the company. Royal Bank of Canada increased its position in shares of Denison Mine by 14.6% during 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 boosted its position in shares of Denison Mine by 11.5% in the 1st quarter. Millennium Management LLC now owns 5,710,330 shares of the basic materials company’s stock valued at $7,423,000 after purchasing an additional 587,352 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Denison Mine by 2.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,687,875 shares of the basic materials company’s stock valued at $2,194,000 after purchasing an additional 45,125 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Denison Mine by 62.5% during the 1st 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 buying an additional 578,365 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Denison Mine by 29.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 55,962 shares of the basic materials company’s stock worth $102,000 after buying an additional 12,705 shares during the last quarter. Institutional investors and hedge funds own 36.74% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on DNN shares. Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a research note on Thursday, May 14th. Royal Bank Of Canada started coverage on shares of Denison Mine in a research report on Monday, July 13th. They set an “outperform” rating on the stock. Finally, Zacks Research cut shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.38.
Denison Mine Price Performance
Shares of DNN opened at $3.23 on Monday. The company has a debt-to-equity ratio of 2.81, a quick ratio of 13.46 and a current ratio of 13.77. Denison Mine Corp has a fifty-two week low of $1.86 and a fifty-two week high of $4.43. The firm has a 50-day simple moving average of $3.09 and a 200-day simple moving average of $3.50. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of -14.68 and a beta of 1.23.
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.
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