Titan Global Capital Management USA LLC Raises Holdings in Denison Mines Corp. (NYSEAMERICAN:DNN)

Titan Global Capital Management USA LLC raised its stake in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,738,718 shares of the basic materials company's stock after buying an additional 223,145 shares during the quarter. Denison Mines accounts for about 0.7% of Titan Global Capital Management USA LLC's holdings, making the stock its 26th biggest position. Titan Global Capital Management USA LLC owned approximately 0.31% of Denison Mines worth $4,930,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vantage Point Financial LLC acquired a new position in Denison Mines in the fourth quarter worth about $34,000. Commonwealth Equity Services LLC increased its position in Denison Mines by 74.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 8,500 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Denison Mines during the fourth quarter worth $38,000. Avantax Advisory Services Inc. acquired a new position in shares of Denison Mines during the 4th quarter worth about $49,000. Finally, Fiduciary Family Office LLC bought a new stake in shares of Denison Mines in the 4th quarter valued at about $50,000. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DNN shares. Desjardins started coverage on Denison Mines in a research report on Friday, April 4th. They set a "buy" rating for the company. Scotiabank reiterated an "outperform" rating on shares of Denison Mines in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $3.00.

Remove Ads

Denison Mines Price Performance

Denison Mines stock remained flat at $1.31 during midday trading on Monday. The company had a trading volume of 61,964,022 shares, compared to its average volume of 28,437,234. Denison Mines Corp. has a twelve month low of $1.08 and a twelve month high of $2.47. The business has a 50 day moving average price of $1.49 and a two-hundred day moving average price of $1.85. The company has a market cap of $1.17 billion, a P/E ratio of -131.00 and a beta of 1.75.

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.