Arosa Capital Management LP Invests $1.44 Million in Denison Mines Corp. (NYSEAMERICAN:DNN)

Arosa Capital Management LP purchased a new stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 800,000 shares of the basic materials company's stock, valued at approximately $1,440,000. Denison Mines comprises about 0.6% of Arosa Capital Management LP's holdings, making the stock its 29th biggest position. Arosa Capital Management LP owned about 0.09% of Denison Mines at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Oxford Asset Management LLP purchased a new stake in Denison Mines in the fourth quarter valued at approximately $26,000. Vantage Point Financial LLC acquired a new stake in Denison Mines in the 4th quarter valued at $34,000. Commonwealth Equity Services LLC raised its holdings in shares of Denison Mines by 74.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 8,500 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Denison Mines during the 4th quarter worth $38,000. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Denison Mines in the fourth quarter valued at approximately $49,000. 36.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Scotiabank reiterated an "outperform" rating on shares of Denison Mines in a report on Tuesday, March 25th. Desjardins assumed coverage on shares of Denison Mines in a report on Friday, April 4th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Denison Mines presently has a consensus rating of "Buy" and an average price target of $3.00.

Denison Mines Stock Up 1.4 %

NYSEAMERICAN DNN traded up $0.02 during mid-day trading on Thursday, hitting $1.43. The stock had a trading volume of 78,611,507 shares, compared to its average volume of 30,470,544. The company has a 50 day simple moving average of $1.39 and a 200 day simple moving average of $1.81. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -143.00 and a beta of 1.75. Denison Mines Corp. has a 52-week low of $1.08 and a 52-week high of $2.47.

About Denison Mines

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.