Van ECK Associates Corp Boosts Holdings in Denison Mines Corp. (NYSEAMERICAN:DNN)

Van ECK Associates Corp lifted its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 96.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,574,159 shares of the basic materials company's stock after purchasing an additional 7,168,934 shares during the quarter. Van ECK Associates Corp owned 1.63% of Denison Mines worth $26,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Hood River Capital Management LLC boosted its position in Denison Mines by 9.2% during the 2nd quarter. Hood River Capital Management LLC now owns 25,263,766 shares of the basic materials company's stock worth $50,275,000 after buying an additional 2,138,603 shares during the period. Point72 Asset Management L.P. boosted its position in Denison Mines by 0.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 10,135,800 shares of the basic materials company's stock worth $20,170,000 after buying an additional 46,000 shares during the period. Vident Advisory LLC lifted its position in shares of Denison Mines by 15.0% in the 1st quarter. Vident Advisory LLC now owns 6,764,463 shares of the basic materials company's stock worth $13,191,000 after purchasing an additional 884,599 shares during the period. Lloyd Harbor Capital Management LLC lifted its position in shares of Denison Mines by 168.5% in the 2nd quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company's stock worth $12,288,000 after purchasing an additional 3,875,016 shares during the period. Finally, Goehring & Rozencwajg Associates LLC lifted its position in shares of Denison Mines by 15.5% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 3,579,830 shares of the basic materials company's stock worth $7,124,000 after purchasing an additional 479,600 shares during the period. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Denison Mines Stock Performance

Shares of DNN stock traded down $0.02 on Tuesday, hitting $2.05. The stock had a trading volume of 8,345,114 shares, compared to its average volume of 16,340,344. The company's 50 day moving average is $1.99. The company has a market cap of $1.83 billion, a PE ratio of 34.17 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 (NYSEAMERICAN:DNN - Get Free Report) TSE: DML last announced its earnings results on Thursday, August 8th. The basic materials company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $0.97 million during the quarter, compared to the consensus estimate of $0.80 million. Denison Mines had a net margin of 950.42% and a return on equity of 9.45%. As a group, equities analysts forecast that Denison Mines Corp. will post -0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

DNN has been the topic of a number of recent analyst reports. CIBC initiated coverage on shares of Denison Mines in a research report on Thursday, September 26th. They issued a "sector outperform" rating and a $3.25 price target on the stock. StockNews.com upgraded shares of 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. BMO Capital Markets raised shares of Denison Mines from a "market perform" rating to an "outperform" rating in a research note on Wednesday, September 25th. Finally, National Bank Financial raised shares of Denison Mines to a "strong-buy" rating in a research note 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's stock. According to MarketBeat, Denison Mines currently has a consensus rating of "Buy" and an average target price of $3.00.

About Denison Mines

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.