Banque Cantonale Vaudoise Has $2.27 Million Stock Holdings in Denison Mine Corp $DNN

Banque Cantonale Vaudoise increased its holdings in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 197.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 856,020 shares of the basic materials company’s stock after buying an additional 568,356 shares during the period. Banque Cantonale Vaudoise’s holdings in Denison Mine were worth $2,273,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Two Sigma Investments LP boosted its stake in shares of Denison Mine by 1,696.3% in the 3rd quarter. Two Sigma Investments LP now owns 17,026,392 shares of the basic materials company’s stock valued at $46,823,000 after purchasing an additional 16,078,514 shares during the last quarter. L1 Capital Pty Ltd raised its holdings in Denison Mine by 4,544.0% during the third quarter. L1 Capital Pty Ltd now owns 14,007,218 shares of the basic materials company’s stock worth $38,520,000 after buying an additional 13,705,598 shares during the last quarter. Vanguard Group Inc. raised its holdings in Denison Mine by 1,697.4% during the third quarter. Vanguard Group Inc. now owns 13,263,903 shares of the basic materials company’s stock worth $36,502,000 after buying an additional 12,525,956 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Denison Mine by 17.5% in the 3rd quarter. Van ECK Associates Corp now owns 62,803,040 shares of the basic materials company’s stock worth $172,709,000 after acquiring an additional 9,348,414 shares in the last quarter. Finally, Merewether Investment Management LP bought a new stake in shares of Denison Mine in the 3rd quarter worth $18,755,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mine Stock Up 0.9%

Shares of NYSEAMERICAN DNN opened at $3.20 on Friday. Denison Mine Corp has a one year low of $1.47 and a one year high of $4.43. The company has a debt-to-equity ratio of 2.81, a current ratio of 13.77 and a quick ratio of 10.51. The firm’s 50 day simple moving average is $3.64 and its two-hundred day simple moving average is $3.38. The stock has a market capitalization of $2.89 billion, a P/E ratio of -13.91 and a beta of 1.23.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Zacks Research lowered shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a research note on Thursday, May 14th. TD Securities upped their target price on shares of Denison Mine from $6.00 to $6.50 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Finally, Roth Mkm reiterated a “buy” rating and issued a $4.25 target price on shares of Denison Mine in a research note on Wednesday, February 18th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Denison Mine has a consensus rating of “Moderate Buy” and an average price target of $5.38.

Denison Mine Company Profile

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.