National Bank of Canada FI Buys 440,921 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

National Bank of Canada FI raised its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 89.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 935,567 shares of the basic materials company’s stock after acquiring an additional 440,921 shares during the period. National Bank of Canada FI’s holdings in Denison Mines were worth $1,708,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Goehring & Rozencwajg Associates LLC raised its holdings in shares of Denison Mines by 15.5% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 3,579,830 shares of the basic materials company’s stock valued at $7,124,000 after purchasing an additional 479,600 shares during the last quarter. Azarias Capital Management L.P. grew its position in Denison Mines by 17.0% in the 2nd quarter. Azarias Capital Management L.P. now owns 3,406,586 shares of the basic materials company’s stock worth $6,779,000 after purchasing an additional 496,182 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Denison Mines by 499.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,127,950 shares of the basic materials company’s stock valued at $7,514,000 after buying an additional 3,438,790 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Denison Mines by 39.9% during the 2nd quarter. Van ECK Associates Corp now owns 7,405,225 shares of the basic materials company’s stock worth $14,748,000 after buying an additional 2,111,912 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Denison Mines by 8.2% in the 2nd quarter. CIBC Asset Management Inc now owns 1,041,079 shares of the basic materials company’s stock worth $2,084,000 after buying an additional 78,963 shares during the last quarter. 36.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DNN shares. BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 25th. CIBC began coverage on Denison Mines in a research report on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 target price for the company. National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $2.75 price objective (up previously from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. One investment 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. Based on data from MarketBeat.com, Denison Mines has an average rating of “Buy” and an average target price of $3.00.

Denison Mines Price Performance

DNN stock opened at $2.09 on Friday. The business’s fifty day moving average price is $2.02. Denison Mines Corp. has a fifty-two week low of $1.40 and a fifty-two week high of $2.47. The company has a market cap of $1.86 billion, a P/E ratio of -208.50 and a beta of 1.71.

Denison Mines 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.