Legacy Capital Group California Inc. Increases Stake in Denison Mines Corp. (NYSEAMERICAN:DNN)

Legacy Capital Group California Inc. grew its holdings in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 47.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,372 shares of the basic materials company’s stock after acquiring an additional 11,066 shares during the period. Legacy Capital Group California Inc.’s holdings in Denison Mines were worth $63,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. RPS Advisory Solutions LLC bought a new position in shares of Denison Mines during the 2nd quarter valued at approximately $46,000. Toronto Dominion Bank boosted its position in shares of Denison Mines by 39.4% in the second quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 6,777 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Denison Mines in the first quarter worth $51,000. Tidal Investments LLC raised its position in shares of Denison Mines by 53.9% during the 1st quarter. Tidal Investments LLC now owns 40,049 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 14,018 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc lifted its stake in shares of Denison Mines by 40.0% during the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 70,000 shares of the basic materials company’s stock valued at $136,000 after buying an additional 20,000 shares in the last quarter. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. CIBC started coverage on Denison Mines in a research note on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 target price on the stock. National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. Roth Mkm restated a “buy” rating and set a $2.75 target price (up previously from $2.60) on shares of Denison Mines in a research report on Wednesday. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 25th. Finally, Scotiabank upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, three have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Denison Mines currently has a consensus rating of “Buy” and a consensus target price of $3.00.

Denison Mines Trading Down 0.5 %

Shares of NYSEAMERICAN DNN opened at $2.19 on Friday. Denison Mines Corp. has a 1 year low of $1.40 and a 1 year high of $2.47. The stock has a 50-day moving average price of $1.99. The company has a market capitalization of $1.95 billion, a P/E ratio of 36.50 and a beta of 1.71.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last released its earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $0.97 million during the quarter, compared to the consensus estimate of $0.80 million. Denison Mines had a return on equity of 9.45% and a net margin of 950.42%. As a group, research analysts predict that Denison Mines Corp. will post -0.06 earnings per share for the current fiscal year.

About Denison Mines

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.