TD Asset Management Inc Acquires 1,297,838 Shares of Denison Mine Corp $DNN

TD Asset Management Inc increased its holdings in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 17.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,608,043 shares of the basic materials company’s stock after purchasing an additional 1,297,838 shares during the period. TD Asset Management Inc owned approximately 0.95% of Denison Mine worth $22,858,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Chicago Partners Investment Group LLC acquired a new position in Denison Mine during the 4th quarter worth $752,000. ArrowMark Colorado Holdings LLC lifted its position in Denison Mine by 15.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,892,000 shares of the basic materials company’s stock worth $7,953,000 after acquiring an additional 393,000 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Denison Mine during the 3rd quarter worth $3,032,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Denison Mine by 4.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,332,391 shares of the basic materials company’s stock worth $144,051,000 after acquiring an additional 2,027,151 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Denison Mine by 17.5% during 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 during the last quarter. 36.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DNN has been the subject of a number of research analyst reports. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a research report on Thursday, May 14th. Zacks Research lowered shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Roth Mkm reissued a “buy” rating and set a $4.25 target price on shares of Denison Mine in a research report on Wednesday, February 18th. Finally, TD Securities boosted their target price on shares of Denison Mine from $6.00 to $6.50 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Five equities 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $5.38.

Denison Mine Price Performance

Shares of DNN opened at $3.03 on Monday. The company has a 50-day simple moving average of $3.58 and a 200-day simple moving average of $3.44. The firm has a market capitalization of $2.74 billion, a P/E ratio of -13.17 and a beta of 1.18. The company has a debt-to-equity ratio of 2.81, a quick ratio of 13.46 and a current ratio of 13.77. Denison Mine Corp has a 52 week low of $1.56 and a 52 week high of $4.43.

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.