Denison Mine Corp $DNN Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. raised its holdings in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 66.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 412,011 shares of the basic materials company’s stock after buying an additional 164,336 shares during the quarter. Cibc World Market Inc.’s holdings in Denison Mine were worth $1,134,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Old West Investment Management LLC grew its holdings in Denison Mine by 1.7% in the third quarter. Old West Investment Management LLC now owns 706,698 shares of the basic materials company’s stock valued at $1,943,000 after purchasing an additional 12,084 shares during the period. SBI Securities Co. Ltd. boosted its holdings in shares of Denison Mine by 77.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 15,655 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 6,837 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Denison Mine by 36.0% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 79,730 shares of the basic materials company’s stock valued at $219,000 after purchasing an additional 21,110 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Denison Mine by 43.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 80,166 shares of the basic materials company’s stock valued at $220,000 after buying an additional 24,204 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in shares of Denison Mine by 65.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 11,515 shares of the basic materials company’s stock worth $32,000 after buying an additional 4,563 shares during the last quarter. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Raymond James Financial reiterated an “outperform” rating on shares of Denison Mine in a report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Denison Mine Price Performance

Denison Mine stock opened at $3.81 on Wednesday. The firm has a fifty day moving average of $3.34 and a 200-day moving average of $2.83. Denison Mine Corp has a 52-week low of $1.08 and a 52-week high of $4.43. The company has a quick ratio of 11.78, a current ratio of 11.97 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $3.44 billion, a P/E ratio of -25.40 and a beta of 1.26.

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.