Denison Mine Corp (NYSEAMERICAN:DNN) Holdings Boosted by PCJ Investment Counsel Ltd.

Key Points

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PCJ Investment Counsel Ltd. grew its holdings in shares of Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 74.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,552,420 shares of the basic materials company's stock after purchasing an additional 663,730 shares during the period. PCJ Investment Counsel Ltd. owned approximately 0.17% of Denison Mine worth $2,028,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DNN. Commonwealth Equity Services LLC lifted its stake in shares of Denison Mine by 74.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock worth $36,000 after purchasing an additional 8,500 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Denison Mine by 35.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 33,633 shares of the basic materials company's stock worth $61,000 after purchasing an additional 8,783 shares during the period. Geode Capital Management LLC lifted its stake in shares of Denison Mine by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 432,019 shares of the basic materials company's stock worth $792,000 after purchasing an additional 11,296 shares during the period. Oxford Asset Management LLP purchased a new position in shares of Denison Mine during the 4th quarter worth $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Denison Mine by 6.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 255,459 shares of the basic materials company's stock worth $334,000 after purchasing an additional 15,136 shares during the period. Institutional investors and hedge funds own 36.74% of the company's stock.

Wall Street Analysts Forecast Growth

DNN has been the topic of a number of recent analyst reports. TD Securities reissued a "buy" rating on shares of Denison Mine in a research note on Monday. Scotiabank reaffirmed an "outperform" rating on shares of Denison Mine in a research report on Thursday. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Denison Mine has an average rating of "Buy" and an average target price of $3.00.

Denison Mine Stock Performance

Shares of DNN traded up $0.03 during trading hours on Tuesday, hitting $2.15. The stock had a trading volume of 33,991,153 shares, compared to its average volume of 79,020,492. Denison Mine Corp has a 12-month low of $1.08 and a 12-month high of $2.47. The firm has a market cap of $1.92 billion, a P/E ratio of -35.75 and a beta of 1.39. The company's fifty day simple moving average is $1.91 and its 200 day simple moving average is $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.