Alpha Wave Global LP Sells 1,022,410 Shares of Denison Mine Corp $DNN

Key Points

• Alpha Wave Global LP sold 1,022,410 shares of Denison Mines, reducing its stake by 55.5% to 821,069 shares (about $2.26M), making DNN its 22nd largest holding.
• Denison shares were down 4.7%, trading around $3.82 with a one‑year range of $1.08–$4.43 and a market capitalization of roughly $3.45 billion (P/E -22.47).
• Wall Street is mostly bullish: the consensus rating is “Buy” with an average price target of $5.38 and multiple firms issuing buy/strong‑buy ratings.

Alpha Wave Global LP reduced its position in shares of Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 55.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 821,069 shares of the basic materials company's stock after selling 1,022,410 shares during the period. Denison Mine accounts for approximately 0.2% of Alpha Wave Global LP's portfolio, making the stock its 22nd largest position. Alpha Wave Global LP owned 0.09% of Denison Mine worth $2,258,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Royal Bank of Canada increased its stake in shares of Denison Mine by 14.6% during the first quarter. Royal Bank of Canada now owns 4,317,738 shares of the basic materials company's stock valued at $5,613,000 after buying an additional 550,064 shares during the period. Millennium Management LLC lifted its stake in Denison Mine by 11.5% in the first quarter. Millennium Management LLC now owns 5,710,330 shares of the basic materials company's stock worth $7,423,000 after acquiring an additional 587,352 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Denison Mine by 2.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,687,875 shares of the basic materials company's stock valued at $2,194,000 after acquiring an additional 45,125 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Denison Mine by 62.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,504,193 shares of the basic materials company's stock valued at $1,955,000 after purchasing an additional 578,365 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Denison Mine by 29.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 55,962 shares of the basic materials company's stock valued at $102,000 after purchasing an additional 12,705 shares during the period. 36.74% of the stock is owned by institutional investors.

Denison Mine Stock Down 4.7%

NYSEAMERICAN DNN opened at $3.82 on Friday. The stock has a 50 day moving average price of $3.83 and a 200-day moving average price of $3.07. Denison Mine Corp has a one year low of $1.08 and a one year high of $4.43. The company has a debt-to-equity ratio of 1.49, a quick ratio of 11.78 and a current ratio of 11.97. The company has a market capitalization of $3.45 billion, a P/E ratio of -22.47 and a beta of 1.18.

Wall Street Analysts Forecast Growth

DNN has been the subject of several research analyst reports. Roth Mkm reaffirmed a "buy" rating and issued a $4.25 target price on shares of Denison Mine in a research report on Wednesday, February 18th. Raymond James Financial reissued an "outperform" rating on shares of Denison Mine in a research note on Wednesday, January 14th. Scotiabank restated an "outperform" rating on shares of Denison Mine in a report on Friday, February 20th. TD Securities upped their target price on Denison Mine from $6.00 to $6.50 and gave the stock a "buy" rating in a report on Thursday. Finally, Zacks Research raised Denison Mine from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $5.38.

Denison Mine 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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