PCJ Investment Counsel Ltd. Acquires 497,070 Shares of Denison Mine Corp $DNN

PCJ Investment Counsel Ltd. boosted its holdings in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 32.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,049,490 shares of the basic materials company’s stock after purchasing an additional 497,070 shares during the quarter. Denison Mine comprises approximately 1.3% of PCJ Investment Counsel Ltd.’s holdings, making the stock its 28th largest position. PCJ Investment Counsel Ltd.’s holdings in Denison Mine were worth $3,750,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MMCAP International Inc. SPC lifted its holdings in shares of Denison Mine by 36.4% during the first quarter. MMCAP International Inc. SPC now owns 23,895,317 shares of the basic materials company’s stock worth $31,064,000 after buying an additional 6,371,531 shares during the last quarter. TD Asset Management Inc increased its position in Denison Mine by 4.1% during the second quarter. TD Asset Management Inc now owns 8,987,804 shares of the basic materials company’s stock worth $16,401,000 after acquiring an additional 352,195 shares during the period. Millennium Management LLC increased its position in Denison Mine by 11.5% during the first quarter. Millennium Management LLC now owns 5,710,330 shares of the basic materials company’s stock worth $7,423,000 after acquiring an additional 587,352 shares during the period. Royal Bank of Canada raised its stake in Denison Mine by 14.6% during the 1st quarter. Royal Bank of Canada now owns 4,317,738 shares of the basic materials company’s stock valued at $5,613,000 after purchasing an additional 550,064 shares during the last quarter. Finally, Titan Global Capital Management USA LLC boosted its holdings in Denison Mine by 15.6% in the 2nd quarter. Titan Global Capital Management USA LLC now owns 1,961,719 shares of the basic materials company’s stock valued at $3,570,000 after purchasing an additional 264,181 shares during the period. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mine Trading Down 0.4%

DNN stock opened at $2.55 on Friday. Denison Mine Corp has a 1-year low of $1.08 and a 1-year high of $3.42. The business’s 50 day moving average is $2.74 and its 200-day moving average is $2.13. The firm has a market cap of $2.29 billion, a P/E ratio of -42.50 and a beta of 1.32.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DNN. National Bankshares restated an “outperform” rating on shares of Denison Mine in a report on Monday, August 18th. Desjardins raised Denison Mine to a “moderate buy” rating in a research report on Monday, August 18th. Scotiabank restated an “outperform” rating on shares of Denison Mine in a research note on Thursday, August 7th. TD Securities reiterated a “buy” rating on shares of Denison Mine in a research report on Monday, August 11th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Denison Mine in a report on Friday, October 10th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Denison Mine 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.