Northwestern Mutual Wealth Management Co. Has $2.61 Million Stock Holdings in Denison Mine Corp $DNN

Northwestern Mutual Wealth Management Co. raised its stake in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 9,826,450.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 982,655 shares of the basic materials company’s stock after purchasing an additional 982,645 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Denison Mine were worth $2,614,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. World Investment Advisors increased its stake in Denison Mine by 111.1% in the 4th quarter. World Investment Advisors now owns 21,110 shares of the basic materials company’s stock valued at $56,000 after buying an additional 11,110 shares during the period. International Assets Investment Management LLC acquired a new position in Denison Mine in the 4th quarter valued at approximately $33,000. MGO One Seven LLC increased its stake in Denison Mine by 5.9% in the 4th quarter. MGO One Seven LLC now owns 102,205 shares of the basic materials company’s stock valued at $272,000 after buying an additional 5,718 shares during the period. Sequoia Financial Advisors LLC increased its stake in Denison Mine by 44.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 19,362 shares of the basic materials company’s stock valued at $52,000 after buying an additional 6,000 shares during the period. Finally, WealthShield Partners LLC increased its stake in Denison Mine by 28.0% in the 4th quarter. WealthShield Partners LLC now owns 16,000 shares of the basic materials company’s stock valued at $43,000 after buying an additional 3,500 shares during the period. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mine Stock Performance

Shares of DNN opened at $3.23 on Tuesday. The company has a market capitalization of $2.92 billion, a PE ratio of -14.04 and a beta of 1.23. The company has a debt-to-equity ratio of 2.81, a current ratio of 13.77 and a quick ratio of 10.51. Denison Mine Corp has a one year low of $1.51 and a one year high of $4.43. The company’s fifty day moving average price is $3.61 and its 200 day moving average price is $3.38.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DNN. Roth Mkm reiterated a “buy” rating and issued a $4.25 price objective on shares of Denison Mine in a research note on Wednesday, February 18th. Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a research note on Thursday, May 14th. TD Securities upped their price objective on shares of Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a research note on Thursday, March 12th. 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 equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus 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.