Counterpoint Mutual Funds LLC Buys Shares of 245,426 Denison Mine Corp $DNN

Counterpoint Mutual Funds LLC purchased a new position in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 245,426 shares of the basic materials company’s stock, valued at approximately $866,000.

Other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in shares of Denison Mine by 20.9% in the fourth quarter. Van ECK Associates Corp now owns 75,910,027 shares of the basic materials company’s stock valued at $201,916,000 after purchasing an additional 13,106,987 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 purchasing an additional 2,027,151 shares during the last quarter. Vanguard Group Inc. grew its position in Denison Mine by 80.6% in the fourth quarter. Vanguard Group Inc. now owns 23,960,755 shares of the basic materials company’s stock valued at $63,544,000 after purchasing an additional 10,696,852 shares in the last quarter. Two Sigma Investments LP grew its position in Denison Mine by 1,696.3% in the third quarter. Two Sigma Investments LP now owns 17,026,392 shares of the basic materials company’s stock valued at $46,823,000 after purchasing an additional 16,078,514 shares in the last quarter. Finally, L1 Capital Pty Ltd increased its stake in Denison Mine by 4,544.0% in the 3rd quarter. L1 Capital Pty Ltd now owns 14,007,218 shares of the basic materials company’s stock valued at $38,520,000 after buying an additional 13,705,598 shares during the last quarter. 36.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DNN has been the topic of several analyst reports. Zacks Research cut shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Scotiabank restated an “outperform” rating on shares of Denison Mine in a report on Thursday, May 14th. Finally, TD Securities lifted their target price on Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a research report on Thursday, March 12th. 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 MarketBeat, Denison Mine has an average rating of “Moderate Buy” and a consensus target price of $5.38.

Denison Mine Stock Performance

DNN opened at $3.20 on Friday. 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 12-month low of $1.67 and a 12-month high of $4.43. The business has a 50 day moving average of $3.37 and a 200-day moving average of $3.51. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of -13.91 and a beta of 1.21.

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.