Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 41.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,292,900 shares of the basic materials company's stock after purchasing an additional 963,100 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.37% of Denison Mines worth $5,989,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. RPS Advisory Solutions LLC purchased a new position in shares of Denison Mines in the 2nd quarter worth approximately $46,000. Legacy Capital Group California Inc. lifted its holdings in shares of 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 acquiring an additional 13,248 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Denison Mines by 39.4% during the 2nd quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company's stock worth $48,000 after purchasing an additional 6,777 shares during the period. Tidal Investments LLC boosted its stake in shares of Denison Mines by 53.9% during the 1st quarter. Tidal Investments LLC now owns 40,049 shares of the basic materials company's stock worth $78,000 after purchasing an additional 14,018 shares during the period. Finally, SG Americas Securities LLC bought a new position in Denison Mines during the 3rd quarter valued at about $154,000. Hedge funds and other institutional investors own 36.74% of the company's stock.
Denison Mines Stock Up 1.3 %
NYSEAMERICAN:DNN traded up $0.03 during mid-day trading on Friday, hitting $2.39. 23,416,015 shares of the company's stock traded hands, compared to its average volume of 21,554,836. The stock has a fifty day moving average of $1.99. Denison Mines Corp. has a twelve month low of $1.40 and a twelve month high of $2.47. The company has a market cap of $2.13 billion, a P/E ratio of -238.00 and a beta of 1.69.
Wall Street Analyst Weigh In
DNN has been the topic of a number of recent analyst reports. StockNews.com upgraded Denison Mines to a "sell" rating in a research note on Wednesday, July 31st. Cibc World Mkts raised shares of Denison Mines to a "strong-buy" rating in a research note on Thursday, September 26th. Roth Mkm reissued a "buy" rating and issued a $2.75 price objective (up from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. CIBC assumed coverage on shares of Denison Mines in a research report on Thursday, September 26th. They set a "sector outperform" rating and a $3.25 target price on the stock. Finally, National Bank Financial raised shares of 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $3.00.
Get Our Latest Stock Analysis on Denison Mines
About Denison Mines
(
Free Report)
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.
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