Denison Mine Corp $DNN Shares Newly Acquired by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. purchased a new stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,596,590 shares of the basic materials company’s stock, valued at approximately $9,347,000.

A number of other large investors have also added to or reduced their stakes in DNN. Shore Point Advisors LLC bought a new stake in Denison Mine in the 3rd quarter worth approximately $26,000. SLT Holdings LLC bought a new position in shares of Denison Mine during the 3rd quarter valued at approximately $26,000. Kelleher Financial Advisors bought a new position in shares of Denison Mine during the 2nd quarter valued at approximately $27,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Denison Mine in the second quarter valued at $28,000. Finally, Beaumont Financial Advisors LLC purchased a new position in shares of Denison Mine in the third quarter valued at $28,000. Institutional investors own 36.74% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on DNN. Zacks Research cut shares of Denison Mine from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Jefferies Financial Group began coverage on shares of Denison Mine in a research report on Thursday, September 3rd. They set a “buy” rating for the company. Finally, Royal Bank Of Canada began coverage on shares of Denison Mine in a research report on Monday, July 13th. They set an “outperform” rating for the company. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $5.38.

Denison Mine Trading Up 6.8%

DNN opened at $2.34 on Tuesday. Denison Mine Corp has a 12 month low of $1.93 and a 12 month high of $4.43. The company has a current ratio of 9.41, a quick ratio of 9.14 and a debt-to-equity ratio of 2.38. The stock has a 50-day moving average of $2.61 and a 200 day moving average of $3.28.

Denison Mine (NYSEAMERICAN:DNN) (TSE:DML) last issued its quarterly earnings data on Wednesday, November 4th. The basic materials company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). Denison Mine had a negative return on equity of 33.41% and a negative net margin of 1,474.28%. The company had revenue of $2.32 million for the quarter, compared to analysts’ expectations of $2.32 million. On average, sell-side analysts expect that Denison Mine Corp will post -0.04 earnings per share for the current fiscal year.

Denison Mine Profile

Denison Mines Corp. is a Canadian uranium exploration and development company focused on projects in Saskatchewan’s Athabasca Basin, a major uranium-producing region. Its activities include exploring for uranium, evaluating deposits and advancing projects toward potential development.

The company’s flagship asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Denison is advancing plans to develop Phoenix using in-situ recovery, a method that extracts uranium without conventional underground mining.

Denison also holds interests in other uranium properties and infrastructure in the region, including the McClean Lake joint venture and its uranium processing mill.