Denison Mines Corp. (NYSEAMERICAN:DNN) Position Increased by XTX Topco Ltd

XTX Topco Ltd increased its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 6,560.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 802,020 shares of the basic materials company's stock after purchasing an additional 789,979 shares during the period. XTX Topco Ltd owned 0.09% of Denison Mines worth $1,468,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DNN. Integrated Investment Consultants LLC acquired a new position in shares of Denison Mines during the third quarter worth $27,000. RPS Advisory Solutions LLC purchased a new stake in Denison Mines during the 2nd quarter worth $46,000. Legacy Capital Group California Inc. lifted 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 buying an additional 13,248 shares in the last quarter. Toronto Dominion Bank boosted its position in Denison Mines by 39.4% in the 2nd quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company's stock valued at $48,000 after buying an additional 6,777 shares during the last quarter. Finally, SevenBridge Financial Group LLC grew its stake in shares of 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 acquiring an additional 13,000 shares in the last quarter. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Denison Mines Stock Down 4.4 %

NYSEAMERICAN DNN traded down $0.10 on Monday, hitting $2.19. 22,214,592 shares of the company were exchanged, compared to its average volume of 17,121,641. 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 $1.96 billion, a price-to-earnings ratio of -219.00 and a beta of 1.71. The company's 50 day moving average price is $2.01.

Wall Street Analyst Weigh In

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

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.