Russell Investments Group Ltd. Boosts Stock Holdings in Denison Mine Corp $DNN

Key Points

• Russell Investments Group Ltd. significantly increased its stake in Denison Mine Corp, acquiring 969,935 shares, leading to a total ownership of approximately 0.11% of the company, valued at $1,267,000.
• Multiple institutional investors have recently modified their holdings in Denison Mine, with notable investments including a new stake purchased by Sowell Financial worth around $26,000.
• Denison Mine's stock recently experienced a 2.3% decline, with a current trading price of $2.17, despite achieving a market capitalization of $1.95 billion.

Russell Investments Group Ltd. lifted its stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 979,732.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 970,034 shares of the basic materials company's stock after buying an additional 969,935 shares during the quarter. Russell Investments Group Ltd. owned about 0.11% of Denison Mine worth $1,267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sowell Financial Services LLC bought a new position in Denison Mine in the 1st quarter valued at about $26,000. Bayesian Capital Management LP acquired a new position in shares of Denison Mine in the fourth quarter valued at approximately $44,000. Envestnet Asset Management Inc. grew its position in shares of Denison Mine by 35.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 33,633 shares of the basic materials company's stock valued at $61,000 after purchasing an additional 8,783 shares during the last quarter. Aptus Capital Advisors LLC bought a new position in shares of Denison Mine during the fourth quarter worth approximately $67,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Denison Mine during the 1st quarter worth approximately $93,000. Institutional investors own 36.74% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DNN shares. Scotiabank restated an "outperform" rating on shares of Denison Mine in a research note on Thursday, August 7th. Raymond James Financial reissued an "outperform" rating on shares of Denison Mine in a research report on Monday, August 18th. TD Securities restated a "buy" rating on shares of Denison Mine in a research note on Monday, August 11th. Desjardins raised shares of Denison Mine to a "moderate buy" rating in a research report on Monday, August 18th. Finally, National Bankshares reissued an "outperform" rating on shares of Denison Mine in a report on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $3.00.

Denison Mine Stock Up 5.5%

NYSEAMERICAN:DNN traded up $0.12 on Friday, hitting $2.32. The stock had a trading volume of 75,121,481 shares, compared to its average volume of 56,153,812. Denison Mine Corp has a 52 week low of $1.08 and a 52 week high of $2.47. The business's fifty day moving average is $2.01 and its 200 day moving average is $1.68. The company has a market cap of $2.08 billion, a PE ratio of -38.67 and a beta of 1.39.

Denison Mine Company Profile

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.