DAVENPORT & Co LLC Invests $195,000 in Denison Mine Corp (NYSEAMERICAN:DNN)

DAVENPORT & Co LLC purchased a new position in shares of Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 150,000 shares of the basic materials company's stock, valued at approximately $195,000.

A number of other hedge funds also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Denison Mine by 1.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,884,241 shares of the basic materials company's stock valued at $114,120,000 after buying an additional 880,966 shares during the period. Alyeska Investment Group L.P. acquired a new position in Denison Mine in the fourth quarter valued at $35,837,000. Point72 Asset Management L.P. lifted its holdings in Denison Mine by 5.8% in the fourth quarter. Point72 Asset Management L.P. now owns 10,165,800 shares of the basic materials company's stock valued at $18,298,000 after buying an additional 558,200 shares during the period. Marshall Wace LLP lifted its holdings in Denison Mine by 41.5% in the fourth quarter. Marshall Wace LLP now owns 8,135,130 shares of the basic materials company's stock valued at $14,643,000 after buying an additional 2,387,923 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Denison Mine by 116.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,131,404 shares of the basic materials company's stock valued at $12,932,000 after buying an additional 3,838,504 shares during the period. Institutional investors and hedge funds own 36.74% of the company's stock.

Denison Mine Price Performance

Shares of DNN stock traded up $0.05 on Friday, reaching $1.78. 60,520,948 shares of the company were exchanged, compared to its average volume of 51,541,869. The company has a market cap of $1.60 billion, a price-to-earnings ratio of -22.25 and a beta of 1.48. The company has a 50-day moving average of $1.66 and a 200-day moving average of $1.71. Denison Mine Corp has a one year low of $1.08 and a one year high of $2.47.

Analysts Set New Price Targets

DNN has been the topic of several recent analyst reports. Scotiabank restated an "outperform" rating on shares of Denison Mine in a report on Tuesday, March 25th. Desjardins assumed coverage on shares of Denison Mine in a research report on Friday, April 4th. They set a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Denison Mine currently has a consensus rating of "Buy" and a consensus price target of $3.00.

Denison Mine Profile

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.