Denison Mine Corp $DNN Stock Position Lessened by Regal Partners Ltd

Regal Partners Ltd trimmed its holdings in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 50.7% during the second quarter, Holdings Channel.com reports. The firm owned 493,445 shares of the basic materials company’s stock after selling 507,336 shares during the quarter. Regal Partners Ltd’s holdings in Denison Mine were worth $898,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of DNN. Providence Capital Advisors LLC bought a new position in Denison Mine in the 1st quarter valued at about $30,000. R Squared Ltd bought a new stake in shares of Denison Mine during the 2nd quarter worth about $39,000. Advisory Alpha LLC bought a new stake in shares of Denison Mine during the 2nd quarter worth about $40,000. HFG Wealth Management LLC bought a new position in shares of Denison Mine in the second quarter valued at approximately $45,000. Finally, Compound Planning Inc. bought a new position in shares of Denison Mine in the first quarter valued at approximately $53,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Desjardins raised Denison Mine to a “moderate buy” rating in a report on Monday, August 18th. Raymond James Financial restated an “outperform” rating on shares of Denison Mine in a research report on Friday, October 10th. National Bankshares restated an “outperform” rating on shares of Denison Mine in a research report on Monday, August 18th. TD Securities restated a “buy” rating on shares of Denison Mine in a research report on Monday, August 11th. Finally, Scotiabank restated an “outperform” rating on shares of Denison Mine in a research report on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Denison Mine has an average rating of “Buy”.

Denison Mine Price Performance

DNN opened at $3.17 on Friday. Denison Mine Corp has a 1-year low of $1.08 and a 1-year high of $3.42. The business has a 50 day moving average price of $2.69 and a two-hundred day moving average price of $2.08. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of -52.83 and a beta of 1.32.

Denison Mine Company 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.