Keynote Financial Services LLC Purchases Shares of 314,080 Denison Mine Corp $DNN

Keynote Financial Services LLC purchased a new stake in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 314,080 shares of the basic materials company’s stock, valued at approximately $835,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DNN. Chicago Partners Investment Group LLC bought a new position in shares of Denison Mine in the fourth quarter worth about $752,000. ArrowMark Colorado Holdings LLC raised its stake in shares of Denison Mine by 15.7% in the third quarter. ArrowMark Colorado Holdings LLC now owns 2,892,000 shares of the basic materials company’s stock worth $7,953,000 after acquiring an additional 393,000 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Denison Mine in the third quarter worth about $3,032,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Denison Mine by 4.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,332,391 shares of the basic materials company’s stock worth $144,051,000 after acquiring an additional 2,027,151 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Denison Mine by 17.5% in the third quarter. Van ECK Associates Corp now owns 62,803,040 shares of the basic materials company’s stock worth $172,709,000 after acquiring an additional 9,348,414 shares during the last quarter. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Denison Mine Trading Up 2.0%

Shares of NYSEAMERICAN DNN opened at $3.06 on Friday. The company has a current ratio of 13.77, a quick ratio of 13.46 and a debt-to-equity ratio of 2.81. The company has a market cap of $2.77 billion, a PE ratio of -13.30 and a beta of 1.18. The company has a 50-day moving average of $3.53 and a two-hundred day moving average of $3.45. Denison Mine Corp has a 1-year low of $1.57 and a 1-year high of $4.43.

Analyst Upgrades and Downgrades

DNN has been the subject of a number of research analyst reports. Roth Mkm reaffirmed a “buy” rating and issued a $4.25 target price on shares of Denison Mine in a research note on Wednesday, February 18th. TD Securities boosted 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. Zacks Research downgraded shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Denison Mine in a research note on Thursday, May 14th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $5.38.

About Denison Mine

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.