Denison Mines Corp. (NYSEAMERICAN:DNN) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI increased its position in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 89.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 935,567 shares of the basic materials company's stock after acquiring an additional 440,921 shares during the period. National Bank of Canada FI owned approximately 0.10% of Denison Mines worth $1,708,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DNN. Toronto Dominion Bank lifted its holdings in shares of Denison Mines by 39.4% in 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. Legacy Capital Group California Inc. grew its holdings in Denison Mines by 47.5% during the 3rd quarter. Legacy Capital Group California Inc. now owns 34,372 shares of the basic materials company's stock valued at $63,000 after buying an additional 11,066 shares during the last quarter. SevenBridge Financial Group LLC grew its holdings in 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 valued at $68,000 after buying an additional 13,000 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Denison Mines by 1.9% during the second quarter. The Manufacturers Life Insurance Company now owns 689,160 shares of the basic materials company's stock worth $1,378,000 after buying an additional 13,144 shares in the last quarter. Finally, Arlington Capital Management Inc. raised its holdings in shares of Denison Mines by 3.2% in the third quarter. Arlington Capital Management Inc. now owns 441,192 shares of the basic materials company's stock worth $807,000 after acquiring an additional 13,481 shares during the last quarter. 36.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Denison Mines Stock Down 3.3 %

Denison Mines stock traded down $0.07 during trading on Friday, reaching $2.08. The company had a trading volume of 12,740,364 shares, compared to its average volume of 17,101,740. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -208.00 and a beta of 1.71. Denison Mines Corp. has a 12-month low of $1.40 and a 12-month high of $2.47. The business's 50 day moving average price is $2.02.

Denison Mines 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.