BW Gestao de Investimentos Ltda. Purchases Shares of 1,848,804 Denison Mine Corp $DNN

BW Gestao de Investimentos Ltda. purchased a new stake in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,848,804 shares of the basic materials company’s stock, valued at approximately $4,918,000. BW Gestao de Investimentos Ltda. owned approximately 0.21% of Denison Mine as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of DNN. Royal Bank of Canada lifted its stake in Denison Mine by 14.6% in the first quarter. Royal Bank of Canada now owns 4,317,738 shares of the basic materials company’s stock valued at $5,613,000 after buying an additional 550,064 shares in the last quarter. Millennium Management LLC lifted its stake in Denison Mine by 11.5% in the first quarter. Millennium Management LLC now owns 5,710,330 shares of the basic materials company’s stock valued at $7,423,000 after buying an additional 587,352 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Denison Mine by 2.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,687,875 shares of the basic materials company’s stock valued at $2,194,000 after buying an additional 45,125 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Denison Mine by 62.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,504,193 shares of the basic materials company’s stock valued at $1,955,000 after purchasing an additional 578,365 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Denison Mine by 29.4% in the second quarter. Envestnet Asset Management Inc. now owns 55,962 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 12,705 shares during the last quarter. Institutional investors own 36.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DNN shares. Roth Mkm reiterated a “buy” rating and issued a $4.25 price objective on shares of Denison Mine in a report on Wednesday, February 18th. Zacks Research downgraded shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a report on Thursday, May 14th. Finally, TD Securities lifted their price objective on shares of Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a report on Thursday, March 12th. Five investment 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.38.

Denison Mine Price Performance

Shares of DNN opened at $3.67 on Wednesday. The company has a market cap of $3.32 billion, a price-to-earnings ratio of -15.96 and a beta of 1.18. Denison Mine Corp has a 1-year low of $1.56 and a 1-year high of $4.43. The company’s fifty day simple moving average is $3.58 and its 200 day simple moving average is $3.41. The company has a current ratio of 13.77, a quick ratio of 13.46 and a debt-to-equity ratio of 2.81.

Denison Mine 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.