Triasima Portfolio Management inc. Acquires New Shares in Denison Mine Corp (NYSEAMERICAN:DNN)

Triasima Portfolio Management inc. purchased a new position in shares of Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 348,688 shares of the basic materials company's stock, valued at approximately $455,000.

Other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC increased its position in shares of Denison Mine by 393.3% during the fourth quarter. Millennium Management LLC now owns 5,122,978 shares of the basic materials company's stock valued at $9,221,000 after acquiring an additional 4,084,401 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Denison Mine in the fourth quarter worth $1,939,000. JPMorgan Chase & Co. bought a new position in shares of Denison Mine in the fourth quarter worth $501,000. Summit Financial LLC bought a new position in shares of Denison Mine in the fourth quarter worth $4,283,000. Finally, Acuitas Investments LLC bought a new position in shares of Denison Mine in the first quarter worth $437,000. 36.74% of the stock is owned by institutional investors and hedge funds.

Denison Mine Trading Up 0.7%

Shares of DNN stock traded up $0.02 during midday trading on Friday, reaching $2.13. 35,930,214 shares of the stock were exchanged, compared to its average volume of 52,307,993. Denison Mine Corp has a 1 year low of $1.08 and a 1 year high of $2.47. The company's 50 day moving average is $1.70 and its two-hundred day moving average is $1.71. The firm has a market cap of $1.90 billion, a PE ratio of -26.44 and a beta of 1.48.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DNN. Desjardins began coverage on Denison Mine in a research report on Friday, April 4th. They set a "buy" rating for the company. Scotiabank reaffirmed an "outperform" rating on shares of Denison Mine in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Denison Mine currently has an average rating of "Buy" and a consensus target price of $3.00.

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.