Connor Clark & Lunn Investment Management Ltd. lowered its position in shares of Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 7.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,606,904 shares of the basic materials company's stock after selling 524,500 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.74% of Denison Mine worth $8,633,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in shares of Denison Mine during the 4th quarter worth approximately $501,000. Geode Capital Management LLC raised its stake in shares of Denison Mine by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 432,019 shares of the basic materials company's stock worth $792,000 after purchasing an additional 11,296 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Denison Mine by 35.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 33,633 shares of the basic materials company's stock worth $61,000 after purchasing an additional 8,783 shares in the last quarter. Bank of Nova Scotia bought a new stake in shares of Denison Mine during the 4th quarter worth approximately $52,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Denison Mine during the 4th quarter worth approximately $3,543,000. Institutional investors and hedge funds own 36.74% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. TD Securities restated a "buy" rating on shares of Denison Mine in a research note on Monday. Scotiabank restated an "outperform" rating on shares of Denison Mine in a research note on Thursday, August 7th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $3.00.
Read Our Latest Stock Analysis on DNN
Denison Mine Stock Up 0.5%
Shares of DNN stock traded up $0.01 during mid-day trading on Thursday, reaching $2.03. 70,273,096 shares of the stock traded hands, compared to its average volume of 79,393,703. The stock's fifty day simple moving average is $1.92 and its two-hundred day simple moving average is $1.68. Denison Mine Corp has a 1-year low of $1.08 and a 1-year high of $2.47. The company has a market cap of $1.82 billion, a price-to-earnings ratio of -33.83 and a beta of 1.39.
About Denison Mine
(
Free Report)
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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