Denison Mines Corp. (NYSEAMERICAN:DNN) Shares Acquired by Segra Capital Management LLC

Segra Capital Management LLC lifted its position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 124.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,268,562 shares of the basic materials company's stock after purchasing an additional 10,140,540 shares during the quarter. Denison Mines comprises 13.0% of Segra Capital Management LLC's investment portfolio, making the stock its 3rd biggest holding. Segra Capital Management LLC owned approximately 2.05% of Denison Mines worth $33,431,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Integrated Investment Consultants LLC acquired a new position in shares of Denison Mines in the 3rd quarter valued at $27,000. RPS Advisory Solutions LLC purchased a new position in Denison Mines during the 2nd quarter valued at about $46,000. Legacy Capital Group California Inc. lifted its position in shares of Denison Mines by 131.7% during the second quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company's stock worth $46,000 after purchasing an additional 13,248 shares in the last quarter. Toronto Dominion Bank boosted its stake in Denison Mines by 39.4% during the 2nd 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 during the period. Finally, Continuum Advisory LLC boosted its holdings in Denison Mines by 78.5% during the third quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company's stock worth $61,000 after buying an additional 14,688 shares in the last quarter. Institutional investors own 36.74% of the company's stock.

Denison Mines Stock Performance

NYSEAMERICAN:DNN traded up $0.02 on Tuesday, reaching $2.21. 14,351,944 shares of the company's stock traded hands, compared to its average volume of 17,108,438. The stock's 50-day moving average is $2.01. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -219.00 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.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. National Bank Financial upgraded shares of Denison Mines to a "strong-buy" rating in a report on Tuesday, September 3rd. BMO Capital Markets raised Denison Mines from a "market perform" rating to an "outperform" rating in a research note 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 reissued a "buy" rating and issued a $2.75 price objective (up previously from $2.60) on shares of Denison Mines in a research note on Wednesday, October 23rd. Finally, CIBC began coverage on Denison Mines in a research report on Thursday, September 26th. They issued a "sector outperform" rating and a $3.25 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the company 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.