Capital Research Global Investors Has $22.09 Million Stock Holdings in Denison Mine Corp $DNN

Key Points

• Capital Research Global Investors trimmed its stake in Denison Mine by 30.0% in Q3, selling 3,431,119 shares and finishing with 8,024,816 shares (about $22.09 million and ~0.89% of the company).
• Analyst sentiment is positive—five analysts have a Buy rating with a consensus price target of $5.38, and TD Securities recently raised its target to $6.50.
• Denison is a Canada-based uranium explorer focused on the Athabasca Basin with its flagship Wheeler River project (66.9% interest); the stock opened at $4.01 with a market cap of about $3.62 billion and a negative P/E of -23.59.

Capital Research Global Investors trimmed its holdings in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 30.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,024,816 shares of the basic materials company's stock after selling 3,431,119 shares during the quarter. Capital Research Global Investors owned about 0.89% of Denison Mine worth $22,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ritter Daniher Financial Advisory LLC DE bought a new stake in Denison Mine during the 3rd quarter worth about $28,000. Aire Advisors LLC acquired a new position in shares of Denison Mine during the third quarter worth approximately $28,000. Jones Financial Companies Lllp grew its stake in shares of Denison Mine by 65.6% during the third quarter. Jones Financial Companies Lllp now owns 11,515 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 4,563 shares during the last quarter. WealthShield Partners LLC grew its stake in shares of Denison Mine by 50.0% during the second quarter. WealthShield Partners LLC now owns 18,000 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Denison Mine in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 36.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DNN shares. Roth Mkm restated a "buy" rating and issued a $4.25 price objective on shares of Denison Mine in a research report on Wednesday, February 18th. Raymond James Financial reiterated an "outperform" rating on shares of Denison Mine in a research report on Wednesday, January 14th. TD Securities boosted their target price on Denison Mine from $6.00 to $6.50 and gave the stock a "buy" rating in a research report on Thursday. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Denison Mine in a research note on Friday, February 20th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $5.38.

Denison Mine Stock Up 0.2%

Shares of NYSEAMERICAN:DNN opened at $4.01 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 11.97 and a quick ratio of 11.78. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of -23.59 and a beta of 1.18. The company has a 50 day moving average of $3.82 and a 200-day moving average of $3.06. Denison Mine Corp has a one year low of $1.08 and a one year high of $4.43.

Denison Mine Company 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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