Vanguard Group Inc. Increases Position in Denison Mine Corp $DNN

Vanguard Group Inc. boosted its holdings in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 80.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,960,755 shares of the basic materials company’s stock after purchasing an additional 10,696,852 shares during the quarter. Vanguard Group Inc.’s holdings in Denison Mine were worth $63,544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ritter Daniher Financial Advisory LLC DE purchased a new stake in Denison Mine in the third quarter worth about $28,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Denison Mine in the third quarter worth about $28,000. SG Americas Securities LLC purchased a new stake in Denison Mine in the fourth quarter worth about $27,000. Aire Advisors LLC purchased a new stake in Denison Mine in the third quarter worth about $28,000. Finally, Jones Financial Companies Lllp grew its holdings in Denison Mine by 65.6% in the third quarter. Jones Financial Companies Lllp now owns 11,515 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 4,563 shares during the period. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Denison Mine from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. TD Securities upped their target price on shares of Denison Mine from $6.00 to $6.50 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Roth Mkm reiterated a “buy” rating and issued a $4.25 target price on shares of Denison Mine in a research note on Wednesday, February 18th. Finally, Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $5.38.

Denison Mine Stock Down 2.8%

Shares of Denison Mine stock opened at $3.49 on Friday. The company has a market cap of $3.15 billion, a price-to-earnings ratio of -15.17 and a beta of 1.23. The company’s 50 day moving average is $3.71 and its 200 day moving average is $3.37. Denison Mine Corp has a twelve month low of $1.39 and a twelve month high of $4.43. The company has a quick ratio of 10.51, a current ratio of 10.75 and a debt-to-equity ratio of 1.66.

Denison Mine Profile

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.