Ardsley Advisory Partners LP Grows Stock Position in Denison Mine Corp $DNN

Ardsley Advisory Partners LP boosted its position in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 105.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,100,000 shares of the basic materials company’s stock after buying an additional 2,100,000 shares during the quarter. Denison Mine makes up about 1.2% of Ardsley Advisory Partners LP’s holdings, making the stock its 28th largest position. Ardsley Advisory Partners LP owned about 0.45% of Denison Mine worth $10,906,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC purchased a new stake in Denison Mine in the fourth quarter worth $752,000. ArrowMark Colorado Holdings LLC grew its position in shares of Denison Mine by 15.7% in the third quarter. ArrowMark Colorado Holdings LLC now owns 2,892,000 shares of the basic materials company’s stock valued at $7,953,000 after purchasing an additional 393,000 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Denison Mine during the third quarter worth about $3,032,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Denison Mine by 4.0% during the third 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 buying an additional 2,027,151 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Denison Mine by 17.5% during the third 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 in the last quarter. 36.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DNN has been the subject of several research analyst reports. TD Securities lifted their price target on Denison Mine from $6.00 to $6.50 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a research note on Thursday, May 14th. Zacks Research downgraded Denison Mine from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Roth Mkm restated a “buy” rating and set a $4.25 price target on shares of Denison Mine in a report on Wednesday, February 18th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.38.

Denison Mine Stock Performance

Denison Mine stock opened at $3.31 on Thursday. The company has a market capitalization of $2.99 billion, a P/E ratio of -14.39 and a beta of 1.18. Denison Mine Corp has a twelve month low of $1.67 and a twelve month high of $4.43. The company has a quick ratio of 13.46, a current ratio of 13.77 and a debt-to-equity ratio of 2.81. The stock’s 50 day moving average is $3.51 and its 200 day moving average is $3.48.

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.