BNP Paribas Financial Markets Acquires New Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

BNP Paribas Financial Markets acquired a new position in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 275,918 shares of the basic materials company's stock, valued at approximately $505,000.

A number of other hedge funds also recently added to or reduced their stakes in DNN. The Manufacturers Life Insurance Company boosted its position in Denison Mines by 499.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,127,950 shares of the basic materials company's stock valued at $7,514,000 after buying an additional 3,438,790 shares during the period. SevenBridge Financial Group LLC lifted its position in shares of Denison Mines by 54.2% during the 3rd quarter. SevenBridge Financial Group LLC now owns 37,000 shares of the basic materials company's stock worth $68,000 after purchasing an additional 13,000 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in shares of Denison Mines during the 3rd quarter worth $27,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Denison Mines by 41.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,292,900 shares of the basic materials company's stock worth $5,989,000 after purchasing an additional 963,100 shares during the last quarter. Finally, Aigen Investment Management LP lifted its position in shares of Denison Mines by 32.4% during the 3rd quarter. Aigen Investment Management LP now owns 192,983 shares of the basic materials company's stock worth $351,000 after purchasing an additional 47,252 shares during the last quarter. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DNN has been the subject of a number of research reports. Roth Mkm reissued a "buy" rating and issued a $2.75 price target (up from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. Cibc World Mkts raised shares of Denison Mines to a "strong-buy" rating in a research report on Thursday, September 26th. National Bank Financial raised shares of Denison Mines to a "strong-buy" rating in a research report on Tuesday, September 3rd. BMO Capital Markets raised shares of Denison Mines from a "market perform" rating to an "outperform" rating in a research report on Wednesday, September 25th. Finally, CIBC initiated coverage on shares of Denison Mines in a research report on Thursday, September 26th. They issued a "sector outperform" rating and a $3.25 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Denison Mines currently has a consensus rating of "Buy" and an average price target of $3.00.

Denison Mines Trading Down 3.3 %

DNN stock traded down $0.07 during trading on Friday, reaching $2.08. 12,740,364 shares of the company were exchanged, compared to its average volume of 17,101,740. The stock has a market cap of $1.86 billion, a P/E ratio of -208.00 and a beta of 1.71. Denison Mines Corp. has a 52-week low of $1.40 and a 52-week high of $2.47. The firm's 50 day moving average is $2.02.

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.