Legal & General Group Plc Invests $3.02 Million in Denison Mine Corp $DNN

Key Points

• Legal & General Group Plc acquired 984,564 Denison Mines shares worth approximately $3.02 million, representing about 0.11% of the uranium company.
• Institutional ownership stands at 36.74%, with several major investors—including Two Sigma, L1 Capital, Vanguard and Renaissance Technologies—substantially increasing their positions.
• Analysts remain broadly positive: six rate DNN as a Buy and one as a Hold, resulting in a “Moderate Buy” consensus and an average price target of $5.38 versus the reported $3.42 share price.

Legal & General Group Plc bought a new stake in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 984,564 shares of the basic materials company's stock, valued at approximately $3,019,000. Legal & General Group Plc owned about 0.11% of Denison Mine as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of DNN. Two Sigma Investments LP boosted 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 worth $46,823,000 after acquiring an additional 16,078,514 shares during the last quarter. L1 Capital Pty Ltd lifted its position in shares of Denison Mine by 4,544.0% in the third 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 in the last quarter. Van ECK Associates Corp boosted its holdings in Denison Mine by 20.9% during the fourth quarter. Van ECK Associates Corp now owns 75,910,027 shares of the basic materials company's stock worth $201,916,000 after purchasing an additional 13,106,987 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Denison Mine by 1,697.4% during the third 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 last quarter. Finally, Renaissance Technologies LLC grew its position 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 in the last quarter. Institutional investors own 36.74% of the company's stock.

Analyst Ratings Changes

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

Denison Mine Stock Up 0.3%

Denison Mine stock opened at $3.42 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 9.41 and a quick ratio of 9.14. The company's 50-day moving average is $3.16 and its 200-day moving average is $3.45. The firm has a market capitalization of $3.10 billion, a PE ratio of -15.55 and a beta of 1.24. Denison Mine Corp has a fifty-two week low of $2.20 and a fifty-two week high of $4.43.

Denison Mine Company Profile

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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