Accordant Advisory Group Inc Acquires 543,666 Shares of Denison Mine Corp $DNN

Key Points

• Accordant Advisory Group acquired 543,666 Denison Mines shares worth approximately $1.41 million, giving the uranium company a 0.06% stake and making it 0.9% of Accordant’s portfolio.
• Several other institutional investors also initiated positions during the third quarter, and institutional investors collectively own 36.74% of Denison Mines.
• DNN opened at $2.21, near its 52-week low of $2.10, while analysts maintain a “Moderate Buy” consensus with an average price target of $5.38.

Accordant Advisory Group Inc acquired a new stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 543,666 shares of the basic materials company's stock, valued at approximately $1,408,000. Denison Mine comprises about 0.9% of Accordant Advisory Group Inc's investment portfolio, making the stock its 28th largest position. Accordant Advisory Group Inc owned 0.06% of Denison Mine at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC acquired a new position in shares of Denison Mine during the 3rd quarter worth $33,000. Beaumont Financial Advisors LLC acquired a new stake in shares of Denison Mine in the third quarter worth about $28,000. AFG Fiduciary Services Limited Partnership bought a new stake in shares of Denison Mine during the 3rd quarter worth about $39,000. Sowell Financial Services LLC bought a new stake in shares of Denison Mine during the 3rd quarter worth about $56,000. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of Denison Mine during the 3rd quarter worth about $1,382,000. Hedge funds and other institutional investors own 36.74% of the company's stock.

Denison Mine Stock Performance

Shares of Denison Mine stock opened at $2.21 on Monday. Denison Mine Corp has a 52-week low of $2.10 and a 52-week high of $4.43. The firm has a market capitalization of $2.00 billion, a PE ratio of -10.05 and a beta of 1.36. 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 fifty day moving average price is $2.78 and its two-hundred day moving average price is $3.32.

Analyst Ratings Changes

DNN has been the subject of several analyst reports. Royal Bank Of Canada assumed coverage on Denison Mine in a report on Monday, July 13th. They issued an "outperform" rating for the company. Zacks Research downgraded Denison Mine from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 15th. Finally, Jefferies Financial Group initiated coverage on Denison Mine in a report on Thursday, September 3rd. They set a "buy" rating on the stock. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Denison Mine currently has a consensus rating of "Moderate Buy" and an average target price of $5.38.

About Denison Mine

Denison Mines Corp. is a uranium exploration, development and production-stage company focused primarily on projects in Canada's Athabasca Basin in northern Saskatchewan. The region is known for its high-grade uranium deposits. Denison's activities include mineral exploration, project evaluation, mine development and interests in uranium production assets.

The company's principal development asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Denison has advanced Phoenix as an in-situ recovery project and continues to evaluate development plans for its uranium resources.

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