Caisse de depot et placement du Quebec Buys Shares of 1,567,531 Denison Mine Corp $DNN

Caisse de depot et placement du Quebec bought a new stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,567,531 shares of the basic materials company’s stock, valued at approximately $4,806,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Deutsche Bank AG bought a new position in Denison Mine during the 2nd quarter worth $5,096,000. Bank of America Corp DE lifted its stake in Denison Mine by 77.4% in the first quarter. Bank of America Corp DE now owns 1,743,780 shares of the basic materials company’s stock valued at $6,156,000 after buying an additional 760,719 shares during the last quarter. Goehring & Rozencwajg Associates LLC lifted its stake in Denison Mine by 19.4% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 4,720,615 shares of the basic materials company’s stock valued at $16,664,000 after buying an additional 767,863 shares during the last quarter. Temasek Holdings Private Ltd bought a new stake in Denison Mine in the first quarter valued at $13,163,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Denison Mine during the second quarter valued at $16,541,000. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on DNN shares. Scotiabank restated an “outperform” rating on shares of Denison Mine in a research report on Thursday, May 14th. Royal Bank Of Canada initiated coverage on shares of Denison Mine in a research report on Monday, July 13th. They issued an “outperform” rating on the stock. Finally, Zacks Research lowered shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Denison Mine presently has an average rating of “Moderate Buy” and an average target price of $5.38.

Denison Mine Stock Down 7.6%

DNN opened at $3.39 on Friday. Denison Mine Corp has a 12 month low of $2.20 and a 12 month high of $4.43. The company has a debt-to-equity ratio of 2.38, a current ratio of 9.41 and a quick ratio of 9.14. The stock has a market cap of $3.07 billion, a P/E ratio of -15.41 and a beta of 1.23. The stock’s 50 day moving average price is $3.14 and its 200 day moving average price is $3.47.

Denison Mine Company 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.