NewGen Asset Management Ltd Purchases Shares of 3,000,000 Denison Mines Corp. (NYSEAMERICAN:DNN)

NewGen Asset Management Ltd purchased a new stake in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,000,000 shares of the basic materials company's stock, valued at approximately $5,441,000. Denison Mines accounts for about 4.9% of NewGen Asset Management Ltd's investment portfolio, making the stock its 6th largest holding. NewGen Asset Management Ltd owned 0.33% of Denison Mines at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DNN. Van ECK Associates Corp lifted its position in Denison Mines by 43.3% in the fourth quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company's stock valued at $37,595,000 after purchasing an additional 6,305,332 shares during the last quarter. Summit Financial LLC bought a new position in Denison Mines during the 4th quarter valued at approximately $4,283,000. Titan Global Capital Management USA LLC lifted its holdings in Denison Mines by 8.9% in the 4th quarter. Titan Global Capital Management USA LLC now owns 2,738,718 shares of the basic materials company's stock worth $4,930,000 after buying an additional 223,145 shares during the period. Prescott Group Capital Management L.L.C. bought a new stake in shares of Denison Mines in the 4th quarter worth approximately $1,371,000. Finally, Quantbot Technologies LP increased its stake in shares of Denison Mines by 119.9% during the fourth quarter. Quantbot Technologies LP now owns 578,113 shares of the basic materials company's stock valued at $1,041,000 after buying an additional 315,262 shares during the period. Institutional investors own 36.74% of the company's stock.

Denison Mines Stock Performance

Shares of DNN traded up $0.04 during trading hours on Friday, hitting $1.47. The company had a trading volume of 43,704,913 shares, compared to its average volume of 30,553,321. Denison Mines Corp. has a 52-week low of $1.08 and a 52-week high of $2.47. The firm has a fifty day moving average price of $1.38 and a 200-day moving average price of $1.81. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -146.50 and a beta of 1.75.

Analyst Ratings Changes

Several analysts have commented on DNN shares. Desjardins began coverage on shares of Denison Mines in a report on Friday, April 4th. They issued a "buy" rating for the company. Scotiabank reissued an "outperform" rating on shares of Denison Mines in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $3.00.

About Denison Mines

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.