Denison Mine Corp $DNN Shares Sold by Titan Global Capital Management USA LLC

Key Points

• Titan Global Capital Management has reduced its stake in Denison Mine Corp by 38.0%, owning approximately 1.7 million shares after selling over a million shares in the first quarter.
• Analysts have favorable ratings for Denison Mine, with multiple institutions including Desjardins and Raymond James issuing "buy" or "outperform" ratings and setting a consensus price target of $3.00.
• Denison Mine Corp has experienced a price range between $1.08 and $2.47 over the past year, with its stock currently trading around $1.95.

Titan Global Capital Management USA LLC lowered its stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 38.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,697,538 shares of the basic materials company's stock after selling 1,041,180 shares during the period. Titan Global Capital Management USA LLC owned approximately 0.19% of Denison Mine worth $2,207,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Oxford Asset Management LLP purchased a new position in Denison Mine during the fourth quarter worth approximately $26,000. Sowell Financial Services LLC purchased a new position in Denison Mine during the first quarter worth approximately $26,000. Providence Capital Advisors LLC purchased a new position in Denison Mine during the first quarter worth approximately $30,000. Bayesian Capital Management LP purchased a new position in Denison Mine during the fourth quarter worth approximately $44,000. Finally, Compound Planning Inc. purchased a new position in Denison Mine during the first quarter worth approximately $53,000. Hedge funds and other institutional investors own 36.74% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DNN. Desjardins raised shares of Denison Mine to a "moderate buy" rating in a research note on Monday, August 18th. TD Securities reaffirmed a "buy" rating on shares of Denison Mine in a research note on Monday, August 11th. Raymond James Financial reissued an "outperform" rating on shares of Denison Mine in a research note on Monday, August 18th. Scotiabank reissued an "outperform" rating on shares of Denison Mine in a research note on Thursday, August 7th. Finally, National Bankshares reissued an "outperform" rating on shares of Denison Mine in a research note on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company's stock. According to data from MarketBeat, Denison Mine presently has a consensus rating of "Buy" and a consensus price target of $3.00.

Denison Mine Price Performance

DNN traded up $0.14 during trading hours on Tuesday, reaching $2.22. 83,935,593 shares of the stock traded hands, compared to its average volume of 78,013,094. The firm's fifty day simple moving average is $1.98 and its two-hundred day simple moving average is $1.68. The company has a market cap of $1.99 billion, a price-to-earnings ratio of -37.00 and a beta of 1.39. Denison Mine Corp has a fifty-two week low of $1.08 and a fifty-two week high of $2.47.

Denison Mine 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.