Bridgewater Associates LP Boosts Stake in Denison Mines Corp. (NYSEAMERICAN:DNN)

Bridgewater Associates LP raised its position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 10.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,359,815 shares of the basic materials company’s stock after buying an additional 774,441 shares during the quarter. Bridgewater Associates LP owned about 0.94% of Denison Mines worth $15,298,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DNN. Integrated Investment Consultants LLC purchased a new position in Denison Mines in the third quarter worth about $27,000. RPS Advisory Solutions LLC purchased a new position in shares of Denison Mines in the 2nd quarter worth approximately $46,000. Legacy Capital Group California Inc. lifted its position in Denison Mines by 131.7% in the second quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock worth $46,000 after buying an additional 13,248 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Denison Mines by 39.4% in the second quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 6,777 shares during the period. Finally, SevenBridge Financial Group LLC boosted its stake in shares of Denison Mines by 54.2% during the 3rd quarter. SevenBridge Financial Group LLC now owns 37,000 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 13,000 shares during the period. Institutional investors own 36.74% of the company’s stock.

Denison Mines Stock Up 1.3 %

NYSEAMERICAN DNN opened at $2.30 on Thursday. Denison Mines Corp. has a one year low of $1.40 and a one year high of $2.47. The firm’s 50-day simple moving average is $2.00. The stock has a market cap of $2.05 billion, a P/E ratio of -227.00 and a beta of 1.69.

Analyst Ratings Changes

DNN has been the subject of several recent analyst reports. Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 25th. StockNews.com upgraded Denison Mines to a “sell” rating in a research report on Wednesday, July 31st. Finally, Roth Mkm restated a “buy” rating and issued a $2.75 price target (up from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, Denison Mines presently has an average rating of “Buy” and an average price target of $3.00.

Denison Mines Profile

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.