The Manufacturers Life Insurance Company Has $7.51 Million Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

The Manufacturers Life Insurance Company increased its holdings in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 499.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,127,950 shares of the basic materials company's stock after purchasing an additional 3,438,790 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.46% of Denison Mines worth $7,514,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Toronto Dominion Bank boosted its stake in shares of 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 purchasing an additional 6,777 shares in the last quarter. Legacy Capital Group California Inc. increased its holdings in shares of Denison Mines by 47.5% during the third quarter. Legacy Capital Group California Inc. now owns 34,372 shares of the basic materials company's stock worth $63,000 after buying an additional 11,066 shares in the last quarter. SevenBridge Financial Group LLC boosted its holdings in shares of Denison Mines by 54.2% in the 3rd quarter. SevenBridge Financial Group LLC now owns 37,000 shares of the basic materials company's stock worth $68,000 after acquiring an additional 13,000 shares in the last quarter. Arlington Capital Management Inc. increased its holdings in Denison Mines by 3.2% during the 3rd quarter. Arlington Capital Management Inc. now owns 441,192 shares of the basic materials company's stock valued at $807,000 after purchasing an additional 13,481 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in Denison Mines by 53.9% in the first quarter. Tidal Investments LLC now owns 40,049 shares of the basic materials company's stock worth $78,000 after purchasing an additional 14,018 shares in the last quarter. Institutional investors own 36.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Roth Mkm reaffirmed a "buy" rating and set a $2.75 price objective (up previously from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. CIBC initiated coverage on Denison Mines in a research report on Thursday, September 26th. They issued a "sector outperform" rating and a $3.25 price objective for the company. BMO Capital Markets upgraded shares of Denison Mines from a "market perform" rating to an "outperform" rating in a report on Wednesday, September 25th. National Bank Financial upgraded Denison Mines to a "strong-buy" rating in a research report on Tuesday, September 3rd. Finally, Cibc World Mkts upgraded shares of Denison Mines to a "strong-buy" rating in a research report on Thursday, September 26th. One research 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. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $3.00.

Denison Mines Stock Up 3.1 %

Denison Mines stock traded up $0.07 during midday trading on Thursday, hitting $2.32. The company's stock had a trading volume of 18,781,258 shares, compared to its average volume of 17,075,102. The company has a 50-day simple moving average of $2.01. Denison Mines Corp. has a 1-year low of $1.40 and a 1-year high of $2.47.

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.