890,835 Shares in Denison Mine Corp $DNN Acquired by Fielder Capital Group LLC

Fielder Capital Group LLC acquired a new position in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 890,835 shares of the basic materials company’s stock, valued at approximately $2,726,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in Denison Mine by 20.9% during the 4th quarter. Van ECK Associates Corp now owns 75,910,027 shares of the basic materials company’s stock worth $201,916,000 after purchasing an additional 13,106,987 shares during the period. Vanguard Group Inc. boosted its stake in shares of Denison Mine by 80.6% during the fourth quarter. Vanguard Group Inc. now owns 23,960,755 shares of the basic materials company’s stock worth $63,544,000 after buying an additional 10,696,852 shares during the period. Two Sigma Investments LP grew its holdings in shares of Denison Mine by 1,696.3% during the third quarter. Two Sigma Investments LP now owns 17,026,392 shares of the basic materials company’s stock worth $46,823,000 after buying an additional 16,078,514 shares during the last quarter. L1 Capital Pty Ltd increased its position in Denison Mine by 4,544.0% in the 3rd quarter. L1 Capital Pty Ltd now owns 14,007,218 shares of the basic materials company’s stock valued at $38,520,000 after acquiring an additional 13,705,598 shares during the period. Finally, Vident Advisory LLC increased its position in Denison Mine by 41.9% in the 2nd quarter. Vident Advisory LLC now owns 9,755,610 shares of the basic materials company’s stock valued at $17,755,000 after acquiring an additional 2,881,618 shares during the period. Institutional investors and hedge funds own 36.74% of the company’s stock.

Wall Street Analysts Forecast Growth

DNN has been the subject of several recent research reports. Zacks Research downgraded Denison Mine from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Royal Bank Of Canada began coverage on shares of Denison Mine in a research report on Monday, July 13th. They set an “outperform” rating for the company. Finally, Scotiabank restated an “outperform” rating on shares of Denison Mine in a research note on Thursday, May 14th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5.38.

Denison Mine Stock Performance

Shares of DNN stock opened at $3.23 on Monday. The company has a market cap of $2.92 billion, a price-to-earnings ratio of -14.68 and a beta of 1.23. The stock has a 50 day simple moving average of $3.09 and a 200-day simple moving average of $3.50. Denison Mine Corp has a 12-month low of $1.86 and a 12-month high of $4.43. The company has a current ratio of 13.77, a quick ratio of 13.46 and a debt-to-equity ratio of 2.81.

Denison Mine 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.