2,379,247 Shares in Denison Mines Corp. (NYSEAMERICAN:DNN) Bought by Summit Financial LLC

Summit Financial LLC purchased a new stake in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,379,247 shares of the basic materials company’s stock, valued at approximately $4,283,000.

Other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its holdings in Denison Mines by 499.0% during the third 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 purchasing an additional 3,438,790 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Denison Mines during the 3rd quarter worth approximately $505,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Denison Mines by 14.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,200,078 shares of the basic materials company’s stock worth $5,856,000 after acquiring an additional 404,410 shares in the last quarter. Janus Henderson Group PLC raised its stake in Denison Mines by 19.5% during the third quarter. Janus Henderson Group PLC now owns 3,963,565 shares of the basic materials company’s stock worth $7,230,000 after acquiring an additional 647,046 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Denison Mines by 89.1% during the third quarter. National Bank of Canada FI now owns 935,567 shares of the basic materials company’s stock valued at $1,708,000 after acquiring an additional 440,921 shares during the period. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mines Stock Performance

Shares of NYSEAMERICAN:DNN opened at $1.30 on Tuesday. The business has a fifty day moving average of $1.65 and a 200-day moving average of $1.90. Denison Mines Corp. has a twelve month low of $1.27 and a twelve month high of $2.47. The firm has a market cap of $1.16 billion, a PE ratio of -130.00 and a beta of 1.75.

Analysts Set New Price Targets

Separately, Scotiabank reiterated an “outperform” rating on shares of Denison Mines in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $3.00.

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.