Denison Mine Corp $DNN Stock Holdings Raised by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its stake in Denison Mine Corp by 66.6%, owning 962,991 shares after purchasing an additional 384,878 shares.
• Denison Mine stock has received positive ratings from analysts, with two analysts assigning a Strong Buy rating and several maintaining an "outperform" rating.
• The company's stock price recently rose by 6.7%, opening at $2.08, amid a market capitalization of $1.86 billion.

Quantbot Technologies LP raised its stake in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 66.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 962,991 shares of the basic materials company's stock after purchasing an additional 384,878 shares during the period. Quantbot Technologies LP owned 0.11% of Denison Mine worth $1,252,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Denison Mine by 1.4% in the 4th 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. MMCAP International Inc. SPC boosted its holdings in shares of Denison Mine by 36.4% in the 1st quarter. MMCAP International Inc. SPC now owns 23,895,317 shares of the basic materials company's stock valued at $31,064,000 after buying an additional 6,371,531 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of Denison Mine in the 4th quarter valued at about $35,837,000. Point72 Asset Management L.P. boosted its holdings in shares of Denison Mine by 5.8% in the 4th 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. Finally, Millennium Management LLC boosted its holdings in shares of Denison Mine by 393.3% in the 4th quarter. Millennium Management LLC now owns 5,122,978 shares of the basic materials company's stock valued at $9,221,000 after buying an additional 4,084,401 shares during the period. Institutional investors own 36.74% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Desjardins raised shares of Denison Mine to a "moderate buy" rating in a report on Monday, August 18th. Raymond James Financial reaffirmed an "outperform" rating on shares of Denison Mine in a report on Monday. TD Securities reissued a "buy" rating on shares of Denison Mine in a research note on Monday, August 11th. National Bankshares reissued an "outperform" rating on shares of Denison Mine in a research note on Monday. Finally, Scotiabank reissued an "outperform" rating on shares of Denison Mine in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. Based on data from MarketBeat, Denison Mine presently has an average rating of "Buy" and an average target price of $3.00.

Denison Mine Stock Up 6.7%

Denison Mine stock opened at $2.08 on Friday. The firm has a 50-day moving average price of $1.97 and a two-hundred day moving average price of $1.68. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of -34.67 and a beta of 1.39. Denison Mine Corp has a 52-week low of $1.08 and a 52-week high of $2.47.

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.

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