PCJ Investment Counsel Ltd. Has $2.03 Million Position in Denison Mine Corp (NYSEAMERICAN:DNN)

Key Points

Error: Response status code does not indicate success: 503 (Service Unavailable).

PCJ Investment Counsel Ltd. increased its position in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 74.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,552,420 shares of the basic materials company's stock after buying an additional 663,730 shares during the period. PCJ Investment Counsel Ltd. owned 0.17% of Denison Mine worth $2,028,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DNN. National Bank of Canada FI boosted its position in shares of Denison Mine by 8.0% in the first quarter. National Bank of Canada FI now owns 1,067,530 shares of the basic materials company's stock valued at $1,390,000 after acquiring an additional 79,331 shares during the period. Legacy Capital Group California Inc. boosted its position in shares of Denison Mine by 66.8% in the first quarter. Legacy Capital Group California Inc. now owns 72,337 shares of the basic materials company's stock valued at $94,000 after acquiring an additional 28,963 shares during the period. XTX Topco Ltd boosted its position in shares of Denison Mine by 429.4% in the first quarter. XTX Topco Ltd now owns 125,361 shares of the basic materials company's stock valued at $163,000 after acquiring an additional 101,680 shares during the period. De Lisle Partners LLP boosted its position in shares of Denison Mine by 5.6% in the first quarter. De Lisle Partners LLP now owns 1,887,909 shares of the basic materials company's stock valued at $2,454,000 after acquiring an additional 100,000 shares during the period. Finally, Mackenzie Financial Corp boosted its position in shares of Denison Mine by 7.7% in the first quarter. Mackenzie Financial Corp now owns 484,974 shares of the basic materials company's stock valued at $634,000 after acquiring an additional 34,727 shares during the period. Institutional investors and hedge funds own 36.74% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reissued an "outperform" rating on shares of Denison Mine in a research report on Thursday. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Denison Mine presently has an average rating of "Buy" and an average target price of $3.00.

Denison Mine Price Performance

Shares of DNN stock opened at $2.24 on Friday. The stock has a market cap of $2.01 billion, a P/E ratio of -28.00 and a beta of 1.39. Denison Mine Corp has a one year low of $1.08 and a one year high of $2.47. The stock has a fifty day moving average price of $1.88 and a 200 day moving average price of $1.68.

About Denison Mine

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.

Want to see what other hedge funds are holding DNN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.