Van ECK Associates Corp Boosts Stock Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Van ECK Associates Corp increased its holdings in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 96.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,574,159 shares of the basic materials company’s stock after buying an additional 7,168,934 shares during the quarter. Van ECK Associates Corp owned about 1.63% of Denison Mines worth $26,671,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DNN. RPS Advisory Solutions LLC acquired a new position in shares of Denison Mines during the 2nd quarter worth approximately $46,000. Legacy Capital Group California Inc. increased its stake in shares of Denison Mines by 131.7% during the second quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 13,248 shares in the last quarter. Toronto Dominion Bank lifted its stake in Denison Mines by 39.4% in the 2nd quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock valued at $48,000 after buying an additional 6,777 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Denison Mines in the 1st quarter worth about $51,000. Finally, Tidal Investments LLC increased its stake in Denison Mines by 53.9% during the 1st quarter. Tidal Investments LLC now owns 40,049 shares of the basic materials company’s stock worth $78,000 after buying an additional 14,018 shares in the last quarter. 36.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on DNN. StockNews.com upgraded shares of Denison Mines to a “sell” rating in a research report on Wednesday, July 31st. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. Roth Mkm restated a “buy” rating and issued a $2.75 price target (up from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. CIBC initiated coverage on Denison Mines in a report on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 target price for the company. Finally, BMO Capital Markets upgraded Denison Mines from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $3.00.

Denison Mines Trading Down 0.5 %

Shares of NYSEAMERICAN DNN opened at $2.07 on Tuesday. Denison Mines Corp. has a 52-week low of $1.40 and a 52-week high of $2.47. The firm has a 50 day moving average price of $1.99. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 34.50 and a beta of 1.69.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last issued its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). Denison Mines had a net margin of 950.42% and a return on equity of 9.45%. The company had revenue of $0.97 million for the quarter, compared to analyst estimates of $0.80 million. On average, analysts predict that Denison Mines Corp. will post -0.06 EPS for the current fiscal year.

Denison Mines 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.