Old West Investment Management LLC Has $1.26 Million Holdings in Denison Mine Corp $DNN

Old West Investment Management LLC lifted its holdings in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 70.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 694,614 shares of the basic materials company’s stock after purchasing an additional 286,303 shares during the quarter. Old West Investment Management LLC’s holdings in Denison Mine were worth $1,264,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. MMCAP International Inc. SPC increased its position in 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 boosted its stake in shares of Denison Mine by 4.1% in the second quarter. TD Asset Management Inc now owns 8,987,804 shares of the basic materials company’s stock valued at $16,401,000 after buying an additional 352,195 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Denison Mine by 35.4% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,945,229 shares of the basic materials company’s stock worth $16,367,000 after purchasing an additional 2,338,325 shares during the period. Millennium Management LLC raised 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 valued at $7,423,000 after purchasing an additional 587,352 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Denison Mine by 14.6% in the first quarter. Royal Bank of Canada now owns 4,317,738 shares of the basic materials company’s stock valued at $5,613,000 after acquiring an additional 550,064 shares during the last quarter. 36.74% of the stock is currently owned by institutional investors.

Denison Mine Price Performance

Shares of DNN opened at $2.49 on Friday. Denison Mine Corp has a 1 year low of $1.08 and a 1 year high of $3.42. The stock’s fifty day moving average price is $2.76 and its two-hundred day moving average price is $2.16. The firm has a market cap of $2.23 billion, a PE ratio of -41.50 and a beta of 1.32.

Wall Street Analyst Weigh In

Several research analysts have commented on DNN shares. Scotiabank reaffirmed an “outperform” rating on shares of Denison Mine in a report on Thursday, August 7th. Desjardins raised shares of Denison Mine to a “moderate buy” rating in a research report on Monday, August 18th. National Bankshares restated an “outperform” rating on shares of Denison Mine in a research note on Monday, August 18th. Raymond James Financial restated an “outperform” rating on shares of Denison Mine in a research note on Friday, October 10th. Finally, TD Securities restated a “buy” rating on shares of Denison Mine in a research note on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Denison Mine Company 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.