Denison Mine Corp $DNN Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC raised its stake in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 4,648.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,123,000 shares of the basic materials company’s stock after acquiring an additional 6,973,000 shares during the period. DAVENPORT & Co LLC’s holdings in Denison Mine were worth $19,588,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WealthShield Partners LLC grew its position in shares of Denison Mine by 50.0% in the 2nd quarter. WealthShield Partners LLC now owns 18,000 shares of the basic materials company’s stock valued at $33,000 after buying an additional 6,000 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Denison Mine in the second quarter valued at $38,000. R Squared Ltd acquired a new position in Denison Mine in the second quarter valued at $39,000. Advisory Alpha LLC purchased a new position in shares of Denison Mine during the second quarter worth about $40,000. Finally, Hohimer Wealth Management LLC purchased a new position in shares of Denison Mine during the second quarter worth about $42,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

Analyst Ratings Changes

Separately, Raymond James Financial reissued an “outperform” rating on shares of Denison Mine in a report on Friday, October 10th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Denison Mine Price Performance

Shares of NYSEAMERICAN:DNN opened at $2.77 on Thursday. Denison Mine Corp has a one year low of $1.08 and a one year high of $3.42. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of -18.47 and a beta of 1.40. The company has a 50-day simple moving average of $2.68 and a 200-day simple moving average of $2.38. The company has a debt-to-equity ratio of 1.49, a quick ratio of 11.78 and a current ratio of 11.97.

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.