282,596 Shares in Denison Mine Corp $DNN Acquired by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group LLC initiated a new position in Denison Mines (DNN), buying 282,596 shares worth about $752,000 in the fourth quarter, according to its 13F filing.
• Other institutional buyers also increased stakes and institutional investors now own 36.74% of the company's stock, indicating rising institutional interest.
• Analysts are broadly bullish on DNN with a consensus target of $5.38; notable moves include TD Securities raising its target to $6.50 and Zacks upgrading to a strong-buy.

Chicago Partners Investment Group LLC bought a new position in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 282,596 shares of the basic materials company's stock, valued at approximately $752,000.

A number of other hedge funds also recently bought and sold shares of the company. TD Waterhouse Canada Inc. lifted its position in Denison Mine by 12.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 317,490 shares of the basic materials company's stock worth $837,000 after buying an additional 34,435 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Denison Mine by 22.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 307,438 shares of the basic materials company's stock worth $816,000 after buying an additional 55,654 shares during the last quarter. Stonehaven Wealth & Tax Solutions LLC bought a new stake in Denison Mine in the 4th quarter worth approximately $101,000. Accordant Advisory Group Inc lifted its position in Denison Mine by 11.3% in the 4th quarter. Accordant Advisory Group Inc now owns 394,420 shares of the basic materials company's stock worth $1,049,000 after buying an additional 40,007 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in Denison Mine in the 4th quarter worth approximately $51,000. Institutional investors own 36.74% of the company's stock.

Denison Mine Stock Performance

Shares of DNN stock opened at $3.88 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 10.51 and a current ratio of 10.75. Denison Mine Corp has a fifty-two week low of $1.36 and a fifty-two week high of $4.43. The stock has a 50 day moving average price of $3.80 and a two-hundred day moving average price of $3.31. The company has a market capitalization of $3.51 billion, a P/E ratio of -22.82 and a beta of 1.25.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. TD Securities boosted their target price on Denison Mine from $6.00 to $6.50 and gave the stock a "buy" rating in a research report on Thursday, March 12th. Zacks Research upgraded Denison Mine from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 11th. Raymond James Financial restated an "outperform" rating on shares of Denison Mine in a research report on Wednesday, January 14th. Scotiabank restated an "outperform" rating on shares of Denison Mine in a research report on Friday, February 20th. Finally, Roth Mkm restated a "buy" rating and issued a $4.25 target price on shares of Denison Mine in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $5.38.

Denison Mine Company Profile

Denison Mines Corp. NYSEAMERICAN: DNN is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company's core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison's flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world's most prolific uranium districts.

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