Van ECK Associates Corp Has $172.71 Million Stock Holdings in Denison Mine Corp $DNN

Van ECK Associates Corp increased its position in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 17.5% in the third quarter, Holdings Channel reports. The institutional investor owned 62,803,040 shares of the basic materials company’s stock after buying an additional 9,348,414 shares during the period. Van ECK Associates Corp owned about 0.07% of Denison Mine worth $172,709,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DNN. Vanguard Group Inc. boosted its stake in shares of Denison Mine by 1,697.4% in the 3rd quarter. Vanguard Group Inc. now owns 13,263,903 shares of the basic materials company’s stock valued at $36,502,000 after purchasing an additional 12,525,956 shares during the last quarter. DAVENPORT & Co LLC increased its stake in Denison Mine by 4,648.7% during the 3rd quarter. DAVENPORT & Co LLC now owns 7,123,000 shares of the basic materials company’s stock valued at $19,588,000 after purchasing an additional 6,973,000 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in Denison Mine during the second quarter worth $7,998,000. BW Gestao de Investimentos Ltda. acquired a new position in shares of Denison Mine during the second quarter valued at about $5,333,000. Finally, Vident Advisory LLC raised its stake in shares of Denison Mine by 41.9% in the second quarter. Vident Advisory LLC now owns 9,755,610 shares of the basic materials company’s stock worth $17,755,000 after purchasing an additional 2,881,618 shares during the last quarter. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Denison Mine Trading Up 6.0%

DNN opened at $4.04 on Wednesday. The business has a 50 day simple moving average of $3.76 and a two-hundred day simple moving average of $3.04. Denison Mine Corp has a one year low of $1.08 and a one year high of $4.43. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of -26.93 and a beta of 1.18. The company has a debt-to-equity ratio of 1.49, a current ratio of 11.97 and a quick ratio of 11.78.

Wall Street Analysts Forecast Growth

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

Denison Mine Profile

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.