Temasek Holdings Private Ltd Takes $13.16 Million Position in Denison Mine Corp $DNN

Temasek Holdings Private Ltd purchased a new position in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,728,993 shares of the basic materials company’s stock, valued at approximately $13,163,000.

A number of other hedge funds have also made changes to their positions in DNN. Summitry LLC acquired a new position in shares of Denison Mine during the fourth quarter worth about $27,000. First Citizens Bank & Trust Co. purchased a new position in shares of Denison Mine during the 4th quarter valued at approximately $27,000. SG Americas Securities LLC bought a new position in Denison Mine during the 4th quarter valued at $27,000. Invesco Ltd. bought a new position in shares of Denison Mine during the fourth quarter worth about $27,000. Finally, State of Wyoming bought a new position in Denison Mine during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Denison Mine Trading Up 5.7%

NYSEAMERICAN:DNN opened at $2.99 on Wednesday. Denison Mine Corp has a 1-year low of $1.86 and a 1-year high of $4.43. The stock has a fifty day simple moving average of $3.20 and a 200 day simple moving average of $3.55. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of -13.00 and a beta of 1.21. The company has a quick ratio of 13.46, a current ratio of 13.77 and a debt-to-equity ratio of 2.81.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada initiated coverage on shares of Denison Mine in a research report on Monday, July 13th. They issued an “outperform” rating on the stock. Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a research report on Thursday, May 14th. Finally, Zacks Research lowered shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.38.

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.