Denison Mine Corp $DNN Stock Position Decreased by Intact Investment Management Inc.

Key Points

• Intact Investment Management cut its stake in Denison Mine by 17.1% in Q3, selling 466,000 shares and retaining 2,261,100 shares (about 0.25% of the company) valued at roughly $6.22 million.
• Other institutions dramatically increased exposure—most notably DAVENPORT & Co raised its position by 4,648.7% to 7,123,000 shares ($19.59M), while Vident and Connor Clark & Lunn also added multi‑million share stakes, bringing total institutional ownership to 36.74%.
• Analyst and market context: Raymond James reiterated an “outperform” and the consensus rating is “Buy”; shares trade near $3.90 with a market cap of $3.52 billion and a 52‑week range of $1.08–$3.96.

Intact Investment Management Inc. lowered its holdings in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 17.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,261,100 shares of the basic materials company's stock after selling 466,000 shares during the period. Intact Investment Management Inc. owned about 0.25% of Denison Mine worth $6,223,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. DAVENPORT & Co LLC raised its position in shares of Denison Mine by 4,648.7% during the 3rd quarter. DAVENPORT & Co LLC now owns 7,123,000 shares of the basic materials company's stock worth $19,588,000 after purchasing an additional 6,973,000 shares during the period. Balyasny Asset Management L.P. bought a new position in Denison Mine during the 2nd quarter worth $7,998,000. BW Gestao de Investimentos Ltda. bought a new position in Denison Mine during the 2nd quarter worth $5,333,000. Vident Advisory LLC increased its position in Denison Mine by 41.9% in the second quarter. Vident Advisory LLC now owns 9,755,610 shares of the basic materials company's stock worth $17,755,000 after buying an additional 2,881,618 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Denison Mine by 35.4% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,945,229 shares of the basic materials company's stock valued at $16,367,000 after buying an additional 2,338,325 shares during the last quarter. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Raymond James Financial restated an "outperform" rating on shares of Denison Mine in a research note on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy".

Denison Mine Price Performance

Shares of NYSEAMERICAN DNN opened at $3.90 on Monday. The stock has a market cap of $3.52 billion, a P/E ratio of -26.00 and a beta of 1.25. The firm's 50-day simple moving average is $2.89 and its 200 day simple moving average is $2.61. Denison Mine Corp has a fifty-two week low of $1.08 and a fifty-two week high of $3.96. The company has a quick ratio of 11.78, a current ratio of 11.97 and a debt-to-equity ratio of 1.49.

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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