Azarias Capital Management L.P. Acquires 4,158,703 Shares of Denison Mine Corp $DNN

Azarias Capital Management L.P. acquired a new position in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,158,703 shares of the basic materials company’s stock, valued at approximately $10,771,000. Denison Mine comprises approximately 10.2% of Azarias Capital Management L.P.’s portfolio, making the stock its 3rd largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Shore Point Advisors LLC acquired a new position in Denison Mine during the 3rd quarter valued at $26,000. Kelleher Financial Advisors bought a new stake in Denison Mine in the 2nd quarter valued at $27,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Denison Mine in the 2nd quarter worth $28,000. Farther Finance Advisors LLC acquired a new stake in Denison Mine in the 3rd quarter worth $28,000. Finally, Apella Capital LLC acquired a new stake in Denison Mine in the 3rd quarter worth $33,000. Institutional investors own 36.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DNN shares. Royal Bank Of Canada began coverage on shares of Denison Mine in a report on Monday, July 13th. They set an “outperform” rating on the stock. Jefferies Financial Group assumed coverage on shares of Denison Mine in a research note on Thursday, September 3rd. They issued a “buy” rating for the company. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.38.

Denison Mine Stock Performance

Denison Mine stock traded down $0.17 on Wednesday, hitting $2.16. The company’s stock had a trading volume of 30,839,837 shares, compared to its average volume of 32,524,488. The firm has a market cap of $1.96 billion, a P/E ratio of -9.82 and a beta of 1.37. The company has a quick ratio of 9.14, a current ratio of 9.41 and a debt-to-equity ratio of 2.38. The company has a fifty day moving average price of $3.03 and a 200-day moving average price of $3.23. Denison Mine Corp has a one year low of $2.15 and a one year high of $4.43.

Denison Mine Profile

Denison Mines Corp. is a uranium exploration, development and production company focused primarily on the Athabasca Basin in northern Saskatchewan, Canada. The company’s activities include the acquisition, evaluation and advancement of uranium mineral properties, with an emphasis on projects that could support future uranium production.

Denison’s flagship asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Phoenix is being advanced as an in-situ recovery project, while Gryphon is being evaluated as an underground mining operation.