TD Waterhouse Canada Inc. acquired a new position in shares of Denison Mine Corp (NYSEAMERICAN:DNN – Free Report) (TSE:DML) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 544,210 shares of the basic materials company’s stock, valued at approximately $1,382,000. TD Waterhouse Canada Inc. owned approximately 0.06% of Denison Mine at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Shore Point Advisors LLC purchased a new stake in shares of Denison Mine during the 3rd quarter valued at about $26,000. SLT Holdings LLC acquired a new position in Denison Mine during the 3rd quarter worth approximately $26,000. Kelleher Financial Advisors acquired a new position in Denison Mine during the 2nd quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. acquired a new position in Denison Mine during the 2nd quarter worth approximately $28,000. Finally, Farther Finance Advisors LLC acquired a new position in Denison Mine during the 3rd quarter worth approximately $28,000. Hedge funds and other institutional investors own 36.74% of the company’s stock.
Denison Mine Price Performance
Denison Mine stock opened at $2.33 on Thursday. The company has a current ratio of 9.41, a quick ratio of 9.14 and a debt-to-equity ratio of 2.38. The stock has a 50 day moving average of $2.92 and a 200-day moving average of $3.18. Denison Mine Corp has a 52 week low of $2.10 and a 52 week high of $4.43.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on DNN. Zacks Research cut Denison Mine from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Jefferies Financial Group began coverage on shares of Denison Mine in a research note on Thursday, September 3rd. They set a “buy” rating on the stock. Finally, Royal Bank Of Canada started coverage on shares of Denison Mine in a research note on Monday, July 13th. They set an “outperform” rating on the stock. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.38.
Check Out Our Latest Report on DNN
Denison Mine Profile
Denison Mines Corp. is a uranium exploration, development and production-stage company focused primarily on projects in Canada’s Athabasca Basin in northern Saskatchewan. The region is known for its high-grade uranium deposits. Denison’s activities include mineral exploration, project evaluation, mine development and interests in uranium production assets.
The company’s principal development asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Denison has advanced Phoenix as an in-situ recovery project and continues to evaluate development plans for its uranium resources.
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