Denison Mines Corp. (NYSEAMERICAN:DNN) Shares Acquired by Bridgewater Associates LP

Bridgewater Associates LP boosted its position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 10.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,359,815 shares of the basic materials company's stock after acquiring an additional 774,441 shares during the quarter. Bridgewater Associates LP owned 0.94% of Denison Mines worth $15,298,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Integrated Investment Consultants LLC bought a new position in Denison Mines in the third quarter worth approximately $27,000. RPS Advisory Solutions LLC bought a new position in Denison Mines in the 2nd quarter worth $46,000. Legacy Capital Group California Inc. raised its holdings in Denison Mines by 131.7% in the 2nd quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company's stock worth $46,000 after purchasing an additional 13,248 shares during the period. Toronto Dominion Bank lifted its position in Denison Mines by 39.4% during 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, SevenBridge Financial Group LLC grew its holdings in Denison Mines by 54.2% during the third quarter. SevenBridge Financial Group LLC now owns 37,000 shares of the basic materials company's stock valued at $68,000 after purchasing an additional 13,000 shares during the period. Hedge funds and other institutional investors own 36.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DNN. Cibc World Mkts raised Denison Mines to a "strong-buy" rating in a research report on Thursday, September 26th. BMO Capital Markets raised shares of Denison Mines from a "market perform" rating to an "outperform" rating in a report on Wednesday, September 25th. CIBC assumed 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 objective for the company. 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 note on Wednesday, October 23rd. Finally, National Bank Financial raised shares of Denison Mines to a "strong-buy" rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, three have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $3.00.

Denison Mines Stock Up 1.3 %

Shares of NYSEAMERICAN:DNN traded up $0.03 during trading on Thursday, hitting $2.30. The stock had a trading volume of 18,539,049 shares, compared to its average volume of 16,943,746. The business's 50-day moving average price is $2.00. The firm has a market capitalization of $2.05 billion, a PE ratio of -230.00 and a beta of 1.69. Denison Mines Corp. has a 12-month low of $1.40 and a 12-month high of $2.47.

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.