Denison Mine Corp $DNN Shares Acquired by PCJ Investment Counsel Ltd.

Key Points

• PCJ Investment Counsel Ltd. boosted its stake in Denison Mines by 32%, buying 497,070 shares to hold 2,049,490 shares (about 0.23% of the company, $3.75M) and making DNN its 28th largest position (1.3% of PCJ’s portfolio).
• Analysts have a consensus Buy rating on Denison, with recent positive coverage from National Bankshares, Desjardins, Scotiabank, Raymond James and TD Securities.
• Stock snapshot: market cap ~$2.29B, opened at $2.55, 12‑month range $1.08–$3.42, negative trailing P/E (~-42.5), and institutional investors own about 36.74% of the shares.

PCJ Investment Counsel Ltd. boosted its holdings in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 32.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,049,490 shares of the basic materials company's stock after buying an additional 497,070 shares during the quarter. Denison Mine accounts for about 1.3% of PCJ Investment Counsel Ltd.'s investment portfolio, making the stock its 28th largest position. PCJ Investment Counsel Ltd. owned approximately 0.23% of Denison Mine worth $3,750,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of DNN. R Squared Ltd acquired a new position in shares of Denison Mine in the 2nd quarter worth $39,000. Advisory Alpha LLC acquired a new position in shares of Denison Mine in the 2nd quarter valued at $40,000. Providence Capital Advisors LLC purchased a new position in Denison Mine in the 1st quarter worth about $30,000. HFG Wealth Management LLC acquired a new stake in Denison Mine during the 2nd quarter worth about $45,000. Finally, Compound Planning Inc. purchased a new stake in Denison Mine during the first quarter valued at about $53,000. Institutional investors and hedge funds own 36.74% of the company's stock.

Denison Mine Stock Down 0.4%

NYSEAMERICAN DNN opened at $2.55 on Friday. The stock has a market capitalization of $2.29 billion, a PE ratio of -42.50 and a beta of 1.32. Denison Mine Corp has a 12-month low of $1.08 and a 12-month high of $3.42. The company has a 50 day moving average price of $2.74 and a two-hundred day moving average price of $2.13.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DNN shares. National Bankshares reissued an "outperform" rating on shares of Denison Mine in a research report on Monday, August 18th. Desjardins raised Denison Mine to a "moderate buy" rating in a research report on Monday, August 18th. Scotiabank reiterated an "outperform" rating on shares of Denison Mine in a report on Thursday, August 7th. Raymond James Financial restated an "outperform" rating on shares of Denison Mine in a report on Friday, October 10th. Finally, TD Securities reaffirmed a "buy" rating on shares of Denison Mine in a research report on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy".

About Denison Mine

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.

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