Cibc World Market Inc. Increases Stock Holdings in Denison Mine Corp $DNN

Cibc World Market Inc. lifted its position in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 87.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 772,846 shares of the basic materials company’s stock after purchasing an additional 360,835 shares during the quarter. Cibc World Market Inc. owned about 0.09% of Denison Mine worth $2,048,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Chicago Partners Investment Group LLC purchased a new stake in shares of Denison Mine in the fourth quarter valued at about $752,000. ArrowMark Colorado Holdings LLC lifted its position in 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 buying an additional 393,000 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Denison Mine in the third quarter valued at about $3,032,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Denison Mine by 4.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,332,391 shares of the basic materials company’s stock valued at $144,051,000 after buying an additional 2,027,151 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Denison Mine by 17.5% in the third quarter. Van ECK Associates Corp now owns 62,803,040 shares of the basic materials company’s stock valued at $172,709,000 after buying an additional 9,348,414 shares during the last quarter. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Analyst Upgrades and Downgrades

DNN has been the topic of a number of recent analyst reports. TD Securities upped their target price on shares of Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a research report on Thursday, March 12th. Roth Mkm reissued a “buy” rating and set a $4.25 price target on shares of Denison Mine in a research report on Wednesday, February 18th. Zacks Research cut shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Scotiabank reissued an “outperform” rating on shares of Denison Mine in a research report on Thursday, May 14th. Five 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.38.

Denison Mine Stock Down 3.9%

Shares of Denison Mine stock opened at $2.95 on Wednesday. The company has a quick ratio of 13.46, a current ratio of 13.77 and a debt-to-equity ratio of 2.81. Denison Mine Corp has a 52-week low of $1.56 and a 52-week high of $4.43. The company has a market capitalization of $2.67 billion, a P/E ratio of -12.83 and a beta of 1.18. The company has a 50 day moving average of $3.56 and a 200 day moving average of $3.45.

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.