Intact Investment Management Inc. Reduces Position in Denison Mine Corp $DNN

Intact Investment Management Inc. lessened its stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 42.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,305,600 shares of the basic materials company’s stock after selling 955,500 shares during the period. Intact Investment Management Inc.’s holdings in Denison Mine were worth $3,462,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DNN. SG Americas Securities LLC bought a new stake in shares of Denison Mine during the fourth quarter valued at approximately $27,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Denison Mine during the third quarter valued at approximately $28,000. Aire Advisors LLC bought a new stake in shares of Denison Mine during the third quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Denison Mine during the third quarter valued at approximately $28,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Denison Mine by 65.6% during the third quarter. Jones Financial Companies Lllp now owns 11,515 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 4,563 shares in the last quarter. Institutional investors own 36.74% of the company’s stock.

Analyst Upgrades and Downgrades

DNN has been the subject of several research analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $4.25 price target on shares of Denison Mine in a research note on Wednesday, February 18th. Scotiabank reaffirmed an “outperform” rating on shares of Denison Mine in a research note on Friday, February 20th. TD Securities lifted their price target on shares of Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a research note on Thursday, March 12th. Raymond James Financial reissued an “outperform” rating on shares of Denison Mine in a research note on Wednesday, January 14th. Finally, Zacks Research raised shares of Denison Mine from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $5.38.

Denison Mine Stock Performance

Shares of NYSEAMERICAN:DNN opened at $3.76 on Tuesday. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of -22.12 and a beta of 1.23. Denison Mine Corp has a 52 week low of $1.39 and a 52 week high of $4.43. The company has a quick ratio of 10.51, a current ratio of 10.75 and a debt-to-equity ratio of 1.66. The firm has a 50 day moving average of $3.79 and a 200 day moving average of $3.33.

About Denison Mine

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.