184,864 Shares in Denison Mine Corp $DNN Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 184,864 shares of the basic materials company’s stock, valued at approximately $653,000.

A number of other hedge funds have also added to or reduced their stakes in DNN. SG Americas Securities LLC bought a new stake in Denison Mine during the 4th quarter valued at approximately $27,000. Summitry LLC bought a new stake in shares of Denison Mine during the fourth quarter valued at approximately $27,000. First Citizens Bank & Trust Co. purchased a new stake in Denison Mine in the fourth quarter worth $27,000. Invesco Ltd. purchased a new stake in Denison Mine in the fourth quarter worth $27,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in Denison Mine in the third quarter worth $28,000. 36.74% of the stock is owned by hedge funds and other institutional investors.

Denison Mine Stock Performance

Shares of DNN opened at $3.03 on Tuesday. 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 stock has a market cap of $2.74 billion, a P/E ratio of -13.17 and a beta of 1.21. The business’s 50 day moving average price is $3.29 and its 200-day moving average price is $3.54. Denison Mine Corp has a 52 week low of $1.75 and a 52 week high of $4.43.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Zacks Research lowered Denison Mine from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Scotiabank reaffirmed an “outperform” rating on shares of Denison Mine in a research report on Thursday, May 14th. Finally, Royal Bank Of Canada initiated coverage on shares of Denison Mine in a research note on Monday. They issued an “outperform” rating for the company. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.