3,596,590 Shares in Denison Mine Corp $DNN Bought by Beutel Goodman & Co Ltd.

Key Points

• Beutel Goodman & Co. acquired 3,596,590 Denison Mines shares in the third quarter, worth about $9.35 million and representing roughly 0.40% of the company.
• Denison shares opened at $2.34, within a 52-week range of $1.93–$4.43. The company reported quarterly EPS of -$0.02, matching estimates, and revenue of $2.32 million.
• Analyst views are mixed: six rate the stock Buy and one Sell, for an overall “Moderate Buy” consensus and an average price target of $5.38. Institutional investors own 36.74% of the stock.

Beutel Goodman & Co Ltd. acquired a new position in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,596,590 shares of the basic materials company's stock, valued at approximately $9,347,000. Beutel Goodman & Co Ltd. owned approximately 0.40% of Denison Mine at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DNN. Kelleher Financial Advisors purchased a new position in shares of Denison Mine during the 2nd quarter valued at $27,000. Northwestern Mutual Wealth Management Co. bought a new position in Denison Mine in the 2nd quarter worth $28,000. Shore Point Advisors LLC purchased a new stake in Denison Mine in the 3rd quarter worth $26,000. SLT Holdings LLC purchased a new stake in Denison Mine in the 3rd quarter worth $26,000. Finally, Farther Finance Advisors LLC purchased a new stake in Denison Mine in the 3rd quarter worth $28,000. 36.74% of the stock is currently owned by institutional investors.

Denison Mine Price Performance

Shares of DNN opened at $2.34 on Tuesday. The company has a quick ratio of 9.14, a current ratio of 9.41 and a debt-to-equity ratio of 2.38. Denison Mine Corp has a 1 year low of $1.93 and a 1 year high of $4.43. The company has a 50 day simple moving average of $2.61 and a two-hundred day simple moving average of $3.28.

Denison Mine (NYSEAMERICAN:DNN - Get Free Report) TSE: DML last released its earnings results on Wednesday, November 4th. The basic materials company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). Denison Mine had a negative net margin of 1,474.28% and a negative return on equity of 33.41%. The firm had revenue of $2.32 million for the quarter, compared to the consensus estimate of $2.32 million. Sell-side analysts anticipate that Denison Mine Corp will post -0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DNN. Zacks Research cut Denison Mine from a "hold" rating to a "strong sell" rating in a report on Thursday, October 15th. Royal Bank Of Canada initiated coverage on Denison Mine in a research note on Monday, July 13th. They issued an "outperform" rating for the company. Finally, Jefferies Financial Group assumed coverage on Denison Mine in a research note on Thursday, September 3rd. They issued a "buy" rating for the company. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Denison Mine presently has an average rating of "Moderate Buy" and an average target price of $5.38.

About Denison Mine

Denison Mines Corp. is a Canadian uranium exploration and development company focused on projects in Saskatchewan's Athabasca Basin, a major uranium-producing region. Its activities include exploring for uranium, evaluating deposits and advancing projects toward potential development.

The company's flagship asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Denison is advancing plans to develop Phoenix using in-situ recovery, a method that extracts uranium without conventional underground mining.

Denison also holds interests in other uranium properties and infrastructure in the region, including the McClean Lake joint venture and its uranium processing mill.

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