Denison Mines Corp. (NYSEAMERICAN:DNN) Stake Lifted by Quantbot Technologies LP

Quantbot Technologies LP boosted its stake in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 119.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 578,113 shares of the basic materials company’s stock after buying an additional 315,262 shares during the period. Quantbot Technologies LP owned 0.06% of Denison Mines worth $1,041,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DNN. Segra Capital Management LLC increased its position in Denison Mines by 124.8% in the 3rd quarter. Segra Capital Management LLC now owns 18,268,562 shares of the basic materials company’s stock valued at $33,431,000 after acquiring an additional 10,140,540 shares during the period. Van ECK Associates Corp increased its holdings in shares of Denison Mines by 43.3% during the fourth quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company’s stock valued at $37,595,000 after purchasing an additional 6,305,332 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Denison Mines by 116.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,131,404 shares of the basic materials company’s stock valued at $12,932,000 after purchasing an additional 3,838,504 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Denison Mines by 499.0% in the third quarter. The Manufacturers Life Insurance Company now owns 4,127,950 shares of the basic materials company’s stock worth $7,514,000 after purchasing an additional 3,438,790 shares during the period. Finally, Ninepoint Partners LP bought a new position in Denison Mines in the 4th quarter valued at about $1,620,000. 36.74% of the stock is currently owned by institutional investors.

Denison Mines Trading Down 2.6 %

DNN stock opened at $1.47 on Wednesday. The firm’s 50-day moving average is $1.71 and its two-hundred day moving average is $1.92. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -147.00 and a beta of 1.75. Denison Mines Corp. has a 52 week low of $1.27 and a 52 week high of $2.47.

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.