4,158,703 Shares in Denison Mine Corp $DNN Purchased by Azarias Capital Management L.P.

Key Points

• Azarias Capital Management purchased 4.16 million Denison Mines shares worth approximately $10.8 million, making DNN its third-largest holding and representing about 10.2% of its portfolio.
• Institutional investors own 36.74% of Denison Mines, while analyst sentiment is favorable: six analysts rate the stock a Buy and one rates it Hold, for a consensus “Moderate Buy” rating and a $5.38 price target.
• DNN recently traded at $2.16, near its one-year low of $2.15 and well below its 50- and 200-day moving averages; Denison’s core focus is uranium exploration and development in Saskatchewan’s Athabasca Basin.

Azarias Capital Management L.P. bought a new stake in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,158,703 shares of the basic materials company's stock, valued at approximately $10,771,000. Denison Mine comprises approximately 10.2% of Azarias Capital Management L.P.'s portfolio, making the stock its 3rd biggest holding. Azarias Capital Management L.P. owned about 0.46% of Denison Mine at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. NewEdge Wealth LLC raised its holdings in shares of Denison Mine by 33.3% during the 1st quarter. NewEdge Wealth LLC now owns 20,000 shares of the basic materials company's stock valued at $71,000 after purchasing an additional 5,000 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Denison Mine by 70.7% in the 2nd quarter. NewEdge Advisors LLC now owns 15,367 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 6,363 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Denison Mine by 79.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 16,278 shares of the basic materials company's stock worth $43,000 after purchasing an additional 7,202 shares in the last quarter. Kelleher Financial Advisors bought a new stake in Denison Mine in the second quarter worth $27,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Denison Mine in the second quarter worth $28,000. 36.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on DNN. Royal Bank Of Canada began coverage on Denison Mine in a report on Monday, July 13th. They set an "outperform" rating on the stock. Jefferies Financial Group began coverage on Denison Mine in a research report 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 Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.38.

Denison Mine Stock Performance

Shares of NYSEAMERICAN DNN traded down $0.17 during trading hours on Wednesday, hitting $2.16. 30,839,837 shares of the stock were exchanged, compared to its average volume of 32,524,488. The company has a debt-to-equity ratio of 2.38, a current ratio of 9.41 and a quick ratio of 9.14. The company's 50 day moving average is $3.03 and its 200 day moving average is $3.23. The firm has a market capitalization of $1.96 billion, a P/E ratio of -9.82 and a beta of 1.37. Denison Mine Corp has a one year low of $2.15 and a one year high of $4.43.

Denison Mine Company Profile

Denison Mines Corp. is a uranium exploration, development and production company focused primarily on the Athabasca Basin in northern Saskatchewan, Canada. The company's activities include the acquisition, evaluation and advancement of uranium mineral properties, with an emphasis on projects that could support future uranium production.

Denison's flagship asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Phoenix is being advanced as an in-situ recovery project, while Gryphon is being evaluated as an underground mining operation.

Want to see what other hedge funds are holding DNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.