Jupiter Topco LLC bought a new stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,863,049 shares of the basic materials company's stock, valued at approximately $11,857,000. Jupiter Topco LLC owned 0.43% of Denison Mine as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Deutsche Bank AG purchased a new position in shares of Denison Mine in the 2nd quarter valued at $5,096,000. Bank of America Corp DE lifted its stake in shares of Denison Mine by 77.4% during the 1st quarter. Bank of America Corp DE now owns 1,743,780 shares of the basic materials company's stock worth $6,156,000 after purchasing an additional 760,719 shares during the last quarter. Goehring & Rozencwajg Associates LLC boosted its position in Denison Mine by 19.4% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 4,720,615 shares of the basic materials company's stock valued at $16,664,000 after purchasing an additional 767,863 shares in the last quarter. Temasek Holdings Private Ltd bought a new stake in Denison Mine during the first quarter valued at about $13,163,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Denison Mine in the second quarter valued at about $16,541,000. Institutional investors own 36.74% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on DNN shares. Royal Bank Of Canada began coverage on shares of Denison Mine in a report on Monday, July 13th. They issued an "outperform" rating for the company. Scotiabank reaffirmed an "outperform" rating on shares of Denison Mine in a research report on Thursday, May 14th. Finally, Zacks Research lowered shares of Denison Mine from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.38.
Get Our Latest Report on Denison Mine
Denison Mine Stock Down 7.6%
Shares of DNN stock opened at $3.39 on Friday. The stock's fifty day moving average price is $3.14 and its 200 day moving average price is $3.47. Denison Mine Corp has a 1-year low of $2.20 and a 1-year high of $4.43. The company has a market cap of $3.07 billion, a price-to-earnings ratio of -15.41 and a beta of 1.23. The company has a debt-to-equity ratio of 2.38, a current ratio of 9.41 and a quick ratio of 9.14.
About Denison Mine
(
Free Report)
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.
Read More
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