Fielder Capital Group LLC Makes New Investment in Denison Mine Corp $DNN

Key Points

• Fielder Capital Group acquired 890,835 Denison Mines shares in the second quarter, worth approximately $2.7 million and representing about 0.10% of the company. Institutional investors collectively own 36.74% of Denison’s stock.
• Analyst sentiment remains favorable: six analysts rate DNN as a Buy and one rates it Hold, resulting in a “Moderate Buy” consensus and an average price target of $5.38.
• Denison Mines, a uranium exploration and development company focused on Saskatchewan’s Athabasca Basin, opened at $3.23, compared with a 52-week range of $1.86 to $4.43.

Fielder Capital Group LLC acquired a new stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 890,835 shares of the basic materials company's stock, valued at approximately $2,726,000. Fielder Capital Group LLC owned about 0.10% of Denison Mine as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Chicago Partners Investment Group LLC acquired a new stake in shares of Denison Mine during the 4th quarter worth approximately $752,000. Goehring & Rozencwajg Associates LLC lifted its stake in shares of Denison Mine by 19.4% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 4,720,615 shares of the basic materials company's stock valued at $16,664,000 after purchasing an additional 767,863 shares during the period. Temasek Holdings Private Ltd acquired a new position in shares of Denison Mine in the 1st quarter valued at $13,163,000. Janus Henderson Group PLC grew its position in shares of Denison Mine by 31.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,882,979 shares of the basic materials company's stock valued at $6,652,000 after acquiring an additional 446,999 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Denison Mine by 275.0% in the first quarter. Renaissance Technologies LLC now owns 9,455,713 shares of the basic materials company's stock valued at $33,379,000 after purchasing an additional 6,934,400 shares during the period. Hedge funds and other institutional investors own 36.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DNN. Royal Bank Of Canada initiated coverage on Denison Mine in a research report on Monday, July 13th. They set an "outperform" rating on the stock. Zacks Research downgraded shares of Denison Mine from a "strong-buy" rating to a "hold" rating in a report on Friday, May 15th. Finally, Scotiabank reiterated an "outperform" rating on shares of Denison Mine in a research report on Thursday, May 14th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Denison Mine currently has an average rating of "Moderate Buy" and an average price target of $5.38.

Denison Mine Stock Performance

NYSEAMERICAN:DNN opened at $3.23 on Monday. The company has a market cap of $2.92 billion, a P/E ratio of -14.68 and a beta of 1.23. Denison Mine Corp has a twelve month low of $1.86 and a twelve month high of $4.43. The company's 50-day moving average price is $3.09 and its 200-day moving average price is $3.50. The company has a current ratio of 13.77, a quick ratio of 13.46 and a debt-to-equity ratio of 2.81.

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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