Denison Mine Corp $DNN Holdings Increased by Van ECK Associates Corp

Van ECK Associates Corp increased its holdings in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 20.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,910,027 shares of the basic materials company’s stock after purchasing an additional 13,106,987 shares during the quarter. Van ECK Associates Corp owned 8.42% of Denison Mine worth $201,916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Denison Mine by 4.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,332,391 shares of the basic materials company’s stock worth $144,051,000 after buying an additional 2,027,151 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Denison Mine by 80.6% in the fourth quarter. Vanguard Group Inc. now owns 23,960,755 shares of the basic materials company’s stock valued at $63,544,000 after buying an additional 10,696,852 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Denison Mine by 1,696.3% during the 3rd quarter. Two Sigma Investments LP now owns 17,026,392 shares of the basic materials company’s stock valued at $46,823,000 after acquiring an additional 16,078,514 shares during the last quarter. L1 Capital Pty Ltd boosted its stake in shares of Denison Mine by 4,544.0% during the 3rd quarter. L1 Capital Pty Ltd now owns 14,007,218 shares of the basic materials company’s stock worth $38,520,000 after acquiring an additional 13,705,598 shares in the last quarter. Finally, Vident Advisory LLC boosted its stake in shares of Denison Mine by 41.9% during the 2nd quarter. Vident Advisory LLC now owns 9,755,610 shares of the basic materials company’s stock worth $17,755,000 after acquiring an additional 2,881,618 shares in the last quarter. 36.74% of the stock is owned by institutional investors and hedge funds.

Denison Mine Stock Performance

Shares of DNN opened at $3.06 on Friday. The company’s 50 day moving average price is $3.53 and its 200 day moving average price is $3.45. Denison Mine Corp has a 52 week low of $1.57 and a 52 week high of $4.43. The company has a market capitalization of $2.77 billion, a PE ratio of -13.30 and a beta of 1.18. The company has a debt-to-equity ratio of 2.81, a quick ratio of 13.46 and a current ratio of 13.77.

Analyst Ratings Changes

A number of brokerages recently issued reports on DNN. Scotiabank restated an “outperform” rating on shares of Denison Mine in a report on Thursday, May 14th. TD Securities increased their price target on Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a research report on Thursday, March 12th. Zacks Research cut Denison Mine from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Roth Mkm restated a “buy” rating and set a $4.25 price objective on shares of Denison Mine in a report on Wednesday, February 18th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.38.

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.