De Lisle Partners LLP Makes New $9.83 Million Investment in Denison Mine Corp $DNN

De Lisle Partners LLP bought a new stake in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,213,856 shares of the basic materials company’s stock, valued at approximately $9,834,000. Denison Mine comprises 1.1% of De Lisle Partners LLP’s investment portfolio, making the stock its 26th biggest position. De Lisle Partners LLP owned 0.36% of Denison Mine at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DNN. Kelleher Financial Advisors purchased a new stake in shares of Denison Mine during the second quarter worth approximately $27,000. Summitry LLC acquired a new stake in shares of Denison Mine during the fourth quarter worth $27,000. First Citizens Bank & Trust Co. purchased a new position in Denison Mine in the 4th quarter valued at $27,000. Invesco Ltd. purchased a new position in Denison Mine in the 4th quarter valued at $27,000. Finally, State of Wyoming acquired a new position in Denison Mine in the 4th quarter valued at $28,000. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

Denison Mine Stock Performance

Shares of DNN stock opened at $3.50 on Friday. The company has a current ratio of 9.41, a quick ratio of 13.46 and a debt-to-equity ratio of 2.38. The stock has a 50 day simple moving average of $3.12 and a 200-day simple moving average of $3.47. The company has a market cap of $3.17 billion, a price-to-earnings ratio of -15.91 and a beta of 1.23. Denison Mine Corp has a 12-month low of $1.96 and a 12-month high of $4.43.

Analysts Set New Price Targets

A number of equities analysts have commented on DNN shares. Scotiabank restated an “outperform” rating on shares of Denison Mine in a research report on Thursday, May 14th. Zacks Research downgraded shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Royal Bank Of Canada began coverage on shares of Denison Mine in a research note on Monday, July 13th. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Denison Mine currently has a consensus 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.