Old West Investment Management LLC Purchases 10,251 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

Old West Investment Management LLC boosted its holdings in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,450,353 shares of the basic materials company’s stock after buying an additional 10,251 shares during the quarter. Denison Mines makes up approximately 1.1% of Old West Investment Management LLC’s investment portfolio, making the stock its 25th largest position. Old West Investment Management LLC’s holdings in Denison Mines were worth $2,611,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new position in Denison Mines during the 3rd quarter worth $505,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Denison Mines by 14.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,200,078 shares of the basic materials company’s stock worth $5,856,000 after acquiring an additional 404,410 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Denison Mines by 19.5% during the third quarter. Janus Henderson Group PLC now owns 3,963,565 shares of the basic materials company’s stock worth $7,230,000 after acquiring an additional 647,046 shares during the last quarter. National Bank of Canada FI boosted its holdings in Denison Mines by 89.1% in the third quarter. National Bank of Canada FI now owns 935,567 shares of the basic materials company’s stock valued at $1,708,000 after acquiring an additional 440,921 shares during the last quarter. Finally, XTX Topco Ltd increased its position in Denison Mines by 6,560.7% during the 3rd quarter. XTX Topco Ltd now owns 802,020 shares of the basic materials company’s stock valued at $1,468,000 after purchasing an additional 789,979 shares during the period. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DNN. Scotiabank restated an “outperform” rating on shares of Denison Mines in a research report on Tuesday, March 25th. Desjardins started coverage on shares of Denison Mines in a report on Friday. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $3.00.

Denison Mines Stock Performance

Shares of DNN opened at $1.19 on Friday. The firm has a market cap of $1.07 billion, a PE ratio of -119.00 and a beta of 1.75. Denison Mines Corp. has a 52-week low of $1.12 and a 52-week high of $2.47. The business’s 50 day moving average price is $1.59 and its two-hundred day moving average price is $1.88.

Denison Mines Company Profile

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.