TD Asset Management Inc Sells 1,677,599 Shares of Denison Mine Corp $DNN

TD Asset Management Inc reduced its stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 18.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 7,310,205 shares of the basic materials company’s stock after selling 1,677,599 shares during the period. TD Asset Management Inc owned about 0.81% of Denison Mine worth $20,122,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. TD Waterhouse Canada Inc. raised its position in Denison Mine by 3,076.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 322,108 shares of the basic materials company’s stock valued at $563,000 after buying an additional 311,967 shares during the last quarter. PCJ Investment Counsel Ltd. lifted its stake in Denison Mine by 32.0% during the 2nd quarter. PCJ Investment Counsel Ltd. now owns 2,049,490 shares of the basic materials company’s stock valued at $3,750,000 after acquiring an additional 497,070 shares in the last quarter. Triasima Portfolio Management inc. purchased a new position in Denison Mine during the 3rd quarter worth $1,559,000. Alpha Wave Global LP grew its stake in shares of Denison Mine by 56.2% in the 2nd quarter. Alpha Wave Global LP now owns 1,843,479 shares of the basic materials company’s stock worth $3,355,000 after acquiring an additional 663,462 shares in the last quarter. Finally, XTX Topco Ltd raised its holdings in shares of Denison Mine by 504.0% in the second quarter. XTX Topco Ltd now owns 757,158 shares of the basic materials company’s stock valued at $1,378,000 after purchasing an additional 631,797 shares during the last quarter. 36.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DNN shares. Scotiabank restated an “outperform” rating on shares of Denison Mine in a report on Friday, February 20th. Roth Mkm restated a “buy” rating and issued a $4.25 target price on shares of Denison Mine in a research note on Wednesday, February 18th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Denison Mine in a research report on Wednesday, January 14th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $4.25.

Denison Mine Trading Down 1.9%

NYSEAMERICAN:DNN opened at $4.18 on Friday. Denison Mine Corp has a 12 month low of $1.08 and a 12 month high of $4.43. The company has a current ratio of 11.97, a quick ratio of 11.78 and a debt-to-equity ratio of 1.49. The firm’s 50 day moving average is $3.59 and its 200 day moving average is $2.94. The stock has a market capitalization of $3.77 billion, a PE ratio of -27.87 and a beta of 1.26.

About Denison Mine

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.