Impala Asset Management LLC Takes $1.08 Million Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Impala Asset Management LLC acquired a new stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 588,000 shares of the basic materials company's stock, valued at approximately $1,076,000. Denison Mines comprises about 0.7% of Impala Asset Management LLC's portfolio, making the stock its 16th largest holding. Impala Asset Management LLC owned about 0.07% of Denison Mines at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DNN. Integrated Investment Consultants LLC purchased a new position in shares of Denison Mines in the third quarter worth approximately $27,000. RPS Advisory Solutions LLC purchased a new position in Denison Mines during the 2nd quarter worth approximately $46,000. Legacy Capital Group California Inc. raised its stake in Denison Mines by 131.7% during the 2nd quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 13,248 shares during the period. Toronto Dominion Bank lifted its holdings 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 valued at $48,000 after purchasing an additional 6,777 shares in the last quarter. Finally, Continuum Advisory LLC boosted its position in shares of Denison Mines by 78.5% in the third quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company's stock worth $61,000 after buying an additional 14,688 shares during the period. 36.74% of the stock is owned by institutional investors.

Denison Mines Trading Up 1.4 %

DNN stock traded up $0.03 during midday trading on Tuesday, reaching $2.22. The stock had a trading volume of 16,371,637 shares, compared to its average volume of 17,118,514. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -222.00 and a beta of 1.71. The business's fifty day moving average price is $2.01. Denison Mines Corp. has a twelve month low of $1.40 and a twelve month high of $2.47.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DNN shares. CIBC began coverage on shares of Denison Mines in a research note on Thursday, September 26th. They issued a "sector outperform" rating and a $3.25 price target on the stock. Cibc World Mkts upgraded Denison Mines to a "strong-buy" rating in a report on Thursday, September 26th. Roth Mkm restated a "buy" rating and issued a $2.75 price objective (up previously from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. BMO Capital Markets upgraded shares of Denison Mines from a "market perform" rating to an "outperform" rating in a research note on Wednesday, September 25th. Finally, National Bank Financial upgraded Denison Mines to a "strong-buy" rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, Denison Mines currently has a consensus rating of "Buy" and an average price target of $3.00.

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.