Northwest & Ethical Investments L.P. Takes $97,000 Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Northwest & Ethical Investments L.P. purchased a new stake in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) during the third quarter, according to its most recent filing with the SEC. The firm purchased 53,518 shares of the basic materials company’s stock, valued at approximately $97,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in shares of Denison Mines by 96.8% in the third quarter. Van ECK Associates Corp now owns 14,574,159 shares of the basic materials company’s stock valued at $26,671,000 after purchasing an additional 7,168,934 shares in the last quarter. Lloyd Harbor Capital Management LLC increased its position in Denison Mines by 168.5% during the second quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company’s stock worth $12,288,000 after buying an additional 3,875,016 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Denison Mines by 499.0% in the third quarter. The Manufacturers Life Insurance Company now owns 4,127,950 shares of the basic materials company’s stock valued at $7,514,000 after buying an additional 3,438,790 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in Denison Mines by 9.2% during the 2nd quarter. Hood River Capital Management LLC now owns 25,263,766 shares of the basic materials company’s stock valued at $50,275,000 after purchasing an additional 2,138,603 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Denison Mines by 41.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,292,900 shares of the basic materials company’s stock worth $5,989,000 after purchasing an additional 963,100 shares during the period. Institutional investors own 36.74% of the company’s stock.

Analyst Ratings Changes

DNN has been the topic of several recent research reports. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. CIBC initiated coverage on Denison Mines in a research report on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 price objective on the stock. Roth Mkm reiterated a “buy” rating and set a $2.75 price target (up previously from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. Finally, BMO Capital Markets upgraded Denison Mines from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $3.00.

Denison Mines Stock Performance

Shares of DNN stock opened at $2.36 on Friday. Denison Mines Corp. has a fifty-two week low of $1.40 and a fifty-two week high of $2.47. The business has a 50 day simple moving average of $2.00. The company has a market capitalization of $2.11 billion, a P/E ratio of -236.00 and a beta of 1.69.

About Denison Mines

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.