UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in Denison Mines Corp. (NYSEAMERICAN:DNN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 14.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,200,078 shares of the basic materials company's stock after buying an additional 404,410 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.36% of Denison Mines worth $5,856,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp increased its position in Denison Mines by 96.8% during the 3rd quarter. Van ECK Associates Corp now owns 14,574,159 shares of the basic materials company's stock valued at $26,671,000 after buying an additional 7,168,934 shares in the last quarter. Lloyd Harbor Capital Management LLC grew its stake in shares of Denison Mines by 168.5% during the second quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company's stock worth $12,288,000 after acquiring an additional 3,875,016 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Denison Mines by 499.0% during the third 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 acquiring an additional 3,438,790 shares in the last quarter. Hood River Capital Management LLC raised its position in shares of Denison Mines by 9.2% in the 2nd quarter. Hood River Capital Management LLC now owns 25,263,766 shares of the basic materials company's stock valued at $50,275,000 after purchasing an additional 2,138,603 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Denison Mines by 41.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,292,900 shares of the basic materials company's stock valued at $5,989,000 after purchasing an additional 963,100 shares during the last quarter. 36.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. CIBC began coverage on Denison Mines in a report on Thursday, September 26th. They set a "sector outperform" rating and a $3.25 target price for the company. 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 World Mkts raised shares of Denison Mines to a "strong-buy" rating in a report on Thursday, September 26th. Roth Mkm restated a "buy" rating and set a $2.75 target price (up from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. Finally, National Bank Financial raised Denison Mines to a "strong-buy" rating in a research report on Tuesday, September 3rd. One equities research 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 stock. According to data from MarketBeat.com, Denison Mines has an average rating of "Buy" and an average price target of $3.00.

Denison Mines Stock Performance

NYSEAMERICAN:DNN traded up $0.03 on Wednesday, hitting $2.25. The stock had a trading volume of 18,113,599 shares, compared to its average volume of 17,122,805. The firm has a market capitalization of $2.01 billion, a PE ratio of -225.00 and a beta of 1.71. The stock has a fifty day moving average price of $2.01. Denison Mines Corp. has a 1-year low of $1.40 and a 1-year 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.