Deutsche Bank AG Acquires Shares of 1,665,298 Denison Mine Corp $DNN

Deutsche Bank AG acquired a new position in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,665,298 shares of the basic materials company's stock, valued at approximately $5,096,000. Deutsche Bank AG owned about 0.18% of Denison Mine at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Kelleher Financial Advisors purchased a new stake in shares of Denison Mine in the second quarter valued at $27,000. Summitry LLC bought a new position in Denison Mine in the fourth quarter worth approximately $27,000. First Citizens Bank & Trust Co. bought a new position in shares of Denison Mine during the 4th quarter worth $27,000. Invesco Ltd. purchased a new position in Denison Mine during the 4th quarter valued at about $27,000. Finally, State of Wyoming purchased a new position in Denison Mine during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 36.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DNN shares. Zacks Research lowered Denison Mine from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 15th. Royal Bank Of Canada assumed coverage on shares of Denison Mine in a research report on Monday, July 13th. They set an "outperform" rating for the company. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Denison Mine in a research report on Thursday, May 14th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $5.38.

Denison Mine Trading Up 1.1%

Denison Mine stock opened at $3.54 on Tuesday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 9.14 and a current ratio of 9.41. The stock has a market cap of $3.20 billion, a PE ratio of -16.09 and a beta of 1.23. The stock has a 50-day moving average of $3.12 and a two-hundred day moving average of $3.47. Denison Mine Corp has a one year low of $2.04 and a one year high of $4.43.

About Denison Mine

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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