Intact Investment Management Inc. Acquires 671,800 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

Intact Investment Management Inc. grew its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 39.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,361,200 shares of the basic materials company's stock after buying an additional 671,800 shares during the period. Intact Investment Management Inc. owned approximately 0.27% of Denison Mines worth $4,134,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of DNN. Glenorchy Capital Ltd acquired a new position in shares of Denison Mines during the fourth quarter worth approximately $25,000. Sigma Planning Corp acquired a new position in shares of Denison Mines during the third quarter worth approximately $32,000. FNY Investment Advisers LLC acquired a new position in shares of Denison Mines during the fourth quarter worth approximately $34,000. Anchor Investment Management LLC acquired a new position in shares of Denison Mines during the fourth quarter worth approximately $46,000. Finally, Mutual Advisors LLC raised its position in shares of Denison Mines by 73.4% during the third quarter. Mutual Advisors LLC now owns 28,312 shares of the basic materials company's stock worth $47,000 after purchasing an additional 11,982 shares during the period. 36.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Denison Mines to a "sell" rating in a research report on Friday, April 5th.

Denison Mines Price Performance

Shares of Denison Mines stock traded up $0.06 during trading hours on Friday, hitting $2.03. 18,175,498 shares of the company's stock traded hands, compared to its average volume of 15,858,640. Denison Mines Corp. has a 12-month low of $1.00 and a 12-month high of $2.25. The firm has a market cap of $1.81 billion, a PE ratio of 25.38 and a beta of 1.68.

Denison Mines (NYSEAMERICAN:DNN - Get Free Report) TSE: DML last announced its earnings results on Wednesday, February 28th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. Denison Mines had a return on equity of 17.41% and a net margin of 1,069.10%. The firm had revenue of $0.80 million during the quarter. As a group, equities analysts anticipate that Denison Mines Corp. will post -0.01 EPS for the current fiscal year.

Denison Mines 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.