Denison Mine Corp (NYSEAMERICAN:DNN) Shares Purchased by MMCAP International Inc. SPC

Key Points

• MMCAP International Inc. SPC has increased its holdings in Denison Mine Corp by 36.4% in Q1, owning 23,895,317 shares, making it the firm's 5th largest position.
• Four other institutional investors, including PCJ Investment Counsel Ltd. and XTX Topco Ltd, significantly boosted their stakes in Denison Mine during the same quarter.
• Denison Mine Corp currently holds a consensus rating of "Buy" from analysts, with a target price of $3.00, indicating positive outlook for the stock's performance.

MMCAP International Inc. SPC raised its holdings in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 36.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,895,317 shares of the basic materials company's stock after purchasing an additional 6,371,531 shares during the period. Denison Mine makes up about 5.3% of MMCAP International Inc. SPC's portfolio, making the stock its 5th largest holding. MMCAP International Inc. SPC owned approximately 2.67% of Denison Mine worth $31,064,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Denison Mine in the 4th quarter valued at approximately $102,000. Commonwealth Equity Services LLC raised its position in shares of Denison Mine by 74.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock valued at $36,000 after buying an additional 8,500 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Denison Mine in the 4th quarter valued at approximately $501,000. Geode Capital Management LLC raised its position in shares of Denison Mine by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 432,019 shares of the basic materials company's stock valued at $792,000 after buying an additional 11,296 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Denison Mine by 35.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 33,633 shares of the basic materials company's stock valued at $61,000 after buying an additional 8,783 shares in the last quarter. Institutional investors own 36.74% of the company's stock.

Denison Mine Price Performance

DNN stock traded up $0.01 during trading on Thursday, reaching $2.03. 70,273,096 shares of the company were exchanged, compared to its average volume of 69,701,464. Denison Mine Corp has a twelve month low of $1.08 and a twelve month high of $2.47. The company has a 50-day moving average of $1.93 and a two-hundred day moving average of $1.68. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of -33.83 and a beta of 1.39.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. TD Securities restated a "buy" rating on shares of Denison Mine in a research report on Monday. Scotiabank reiterated an "outperform" rating on shares of Denison Mine in a research report on Thursday, August 7th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Denison Mine currently has a consensus rating of "Buy" and an average 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.