BNP Paribas Financial Markets Buys 3,328,681 Shares of Denison Mine Corp $DNN

BNP Paribas Financial Markets lifted its stake in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 218.4% during the 4th quarter, Holdings Channel reports. The firm owned 4,852,968 shares of the basic materials company’s stock after acquiring an additional 3,328,681 shares during the period. BNP Paribas Financial Markets’ holdings in Denison Mine were worth $12,909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Two Sigma Investments LP raised its stake in Denison Mine by 1,696.3% during the 3rd quarter. Two Sigma Investments LP now owns 17,026,392 shares of the basic materials company’s stock worth $46,823,000 after buying an additional 16,078,514 shares during the period. L1 Capital Pty Ltd raised its stake in Denison Mine by 4,544.0% during the 3rd 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 period. Vanguard Group Inc. raised its stake in Denison Mine by 1,697.4% during the 3rd 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 period. Van ECK Associates Corp raised its stake 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 buying an additional 9,348,414 shares during the period. Finally, Merewether Investment Management LP acquired a new stake in Denison Mine during the 3rd quarter worth $18,755,000. 36.74% of the stock is currently owned by institutional investors.

Denison Mine Stock Performance

DNN opened at $3.03 on Monday. The business’s 50-day moving average price is $3.58 and its two-hundred day moving average price is $3.44. Denison Mine Corp has a 1 year low of $1.56 and a 1 year high of $4.43. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of -13.17 and a beta of 1.18. The company has a debt-to-equity ratio of 2.81, a current ratio of 13.77 and a quick ratio of 13.46.

Analyst Ratings Changes

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

About Denison Mine

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.