JPMorgan Chase & Co. Takes $3.03 Million Position in Denison Mine Corp $DNN

Key Points

• JPMorgan Chase & Co. opened a new position in Denison Mines (DNN), buying 1,102,594 shares valued at about $3.03 million, representing roughly 0.12% ownership.
• Several institutions greatly increased stakes—VanEck now holds 62.8M shares ($172.7M), Two Sigma 17.0M shares after a 1,696% increase, and others including MIRAE, L1 Capital and Vanguard added large positions—bringing institutional ownership to 36.74%.
• Analyst sentiment is positive with a consensus “Buy” rating and an average target of $5.38; notable upgrades include TD Securities raising its target to $6.50 and Zacks moving to a “strong-buy.”

JPMorgan Chase & Co. purchased a new position in shares of Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,102,594 shares of the basic materials company's stock, valued at approximately $3,032,000. JPMorgan Chase & Co. owned 0.12% of Denison Mine as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of DNN. Van ECK Associates Corp lifted its holdings in Denison Mine by 17.5% during the 3rd quarter. Van ECK Associates Corp now owns 62,803,040 shares of the basic materials company's stock worth $172,709,000 after buying an additional 9,348,414 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Denison Mine by 4.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,332,391 shares of the basic materials company's stock valued at $144,051,000 after acquiring an additional 2,027,151 shares during the last quarter. Two Sigma Investments LP increased its position in Denison Mine by 1,696.3% during the 3rd quarter. Two Sigma Investments LP now owns 17,026,392 shares of the basic materials company's stock valued at $46,823,000 after purchasing an additional 16,078,514 shares during the period. L1 Capital Pty Ltd raised its holdings in Denison Mine by 4,544.0% during the 3rd quarter. L1 Capital Pty Ltd now owns 14,007,218 shares of the basic materials company's stock worth $38,520,000 after purchasing an additional 13,705,598 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Denison Mine by 1,697.4% in the 3rd quarter. Vanguard Group Inc. now owns 13,263,903 shares of the basic materials company's stock worth $36,502,000 after purchasing an additional 12,525,956 shares during the period. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Denison Mine Price Performance

Shares of NYSEAMERICAN:DNN opened at $3.66 on Friday. The stock's 50 day moving average is $3.84 and its 200-day moving average is $3.20. Denison Mine Corp has a twelve month low of $1.08 and a twelve month high of $4.43. The company has a quick ratio of 10.51, a current ratio of 10.75 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of -21.53 and a beta of 1.25.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DNN. TD Securities boosted their target price on shares of Denison Mine from $6.00 to $6.50 and gave the company a "buy" rating in a report on Thursday, March 12th. Scotiabank reaffirmed an "outperform" rating on shares of Denison Mine in a research note on Friday, February 20th. Roth Mkm reissued a "buy" rating and issued a $4.25 price target on shares of Denison Mine in a research note on Wednesday, February 18th. Zacks Research raised shares of Denison Mine from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 11th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Denison Mine in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $5.38.

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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