Titan Global Capital Management USA LLC Raises Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Titan Global Capital Management USA LLC increased its stake in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,738,718 shares of the basic materials company's stock after acquiring an additional 223,145 shares during the period. Denison Mines makes up about 0.7% of Titan Global Capital Management USA LLC's holdings, making the stock its 26th largest holding. Titan Global Capital Management USA LLC owned about 0.31% of Denison Mines worth $4,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp increased its stake 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. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Denison Mines by 116.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,131,404 shares of the basic materials company's stock valued at $12,932,000 after buying an additional 3,838,504 shares during the last quarter. Summit Financial LLC acquired a new stake in Denison Mines during the 4th quarter worth $4,283,000. Cinctive Capital Management LP purchased a new stake in Denison Mines in the fourth quarter valued at $3,939,000. Finally, Renaissance Technologies LLC purchased a new stake in Denison Mines in the fourth quarter valued at $3,543,000. Hedge funds and other institutional investors own 36.74% of the company's stock.

Denison Mines Stock Performance

DNN traded up $0.05 during trading on Wednesday, hitting $1.32. The stock had a trading volume of 70,634,147 shares, compared to its average volume of 28,812,166. The firm has a market capitalization of $1.18 billion, a P/E ratio of -132.00 and a beta of 1.75. Denison Mines Corp. has a twelve month low of $1.08 and a twelve month high of $2.47. The company's 50-day moving average price is $1.47 and its 200 day moving average price is $1.84.

Analyst Ratings Changes

Several research firms have recently weighed in on DNN. Desjardins started coverage on 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 investment analyst has rated the stock with a sell rating, five have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average 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.