BlackRock Inc. Invests $1.06 Million in Denison Mine Corp $DNN

Key Points

• BlackRock acquired a new Denison Mines stake of 346,745 shares valued at approximately $1.06 million during the second quarter. Institutional investors collectively own 36.74% of DNN.
• DNN shares opened at $3.42, with a market capitalization of about $3.10 billion and a 52-week range of $2.20 to $4.43.
• Analysts remain broadly positive, with six Buy ratings and one Hold rating, resulting in a “Moderate Buy” consensus and an average price target of $5.38.

BlackRock Inc. acquired a new stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 346,745 shares of the basic materials company's stock, valued at approximately $1,061,000.

A number of other institutional investors have also recently made changes to their positions in DNN. Summitry LLC acquired a new position in Denison Mine during the 4th quarter valued at about $27,000. First Citizens Bank & Trust Co. purchased a new stake in Denison Mine in the fourth quarter valued at about $27,000. Invesco Ltd. acquired a new stake in Denison Mine in the fourth quarter worth about $27,000. Kelleher Financial Advisors acquired a new stake in Denison Mine in the second quarter worth about $27,000. Finally, State of Wyoming acquired a new stake in Denison Mine in the fourth quarter worth about $28,000. Institutional investors and hedge funds own 36.74% of the company's stock.

Denison Mine Stock Performance

Shares of DNN stock opened at $3.42 on Monday. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of -15.55 and a beta of 1.24. 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 business has a fifty day moving average of $3.16 and a 200 day moving average of $3.45. Denison Mine Corp has a 1 year low of $2.20 and a 1 year high of $4.43.

Analyst Ratings Changes

DNN has been the topic of several recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Denison Mine in a report on Monday, July 13th. They set an "outperform" rating on the stock. Scotiabank reiterated an "outperform" rating on shares of Denison Mine in a research note on Thursday, May 14th. Jefferies Financial Group assumed coverage on shares of Denison Mine in a research note on Thursday. They issued a "buy" rating for the company. Finally, Zacks Research downgraded shares of Denison Mine from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 15th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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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