Renaissance Technologies LLC Raises Stock Holdings in Denison Mine Corp $DNN

Renaissance Technologies LLC raised its holdings in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 275.0% in the first quarter, Holdings Channel.com reports. The firm owned 9,455,713 shares of the basic materials company’s stock after buying an additional 6,934,400 shares during the period. Renaissance Technologies LLC’s holdings in Denison Mine were worth $33,379,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DNN. Summitry LLC acquired a new position in shares of Denison Mine in the 4th quarter valued at approximately $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 acquired a new stake in shares of Denison Mine during the fourth quarter worth approximately $27,000. Invesco Ltd. acquired a new stake in shares of Denison Mine during the fourth quarter worth approximately $27,000. Finally, State of Wyoming bought a new stake in shares of Denison Mine in the fourth quarter worth $28,000. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DNN has been the topic of several recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Denison Mine in a report on Monday, July 13th. They issued an “outperform” rating on the stock. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a report on Thursday, May 14th. Finally, Zacks Research downgraded shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.38.

Denison Mine Trading Down 5.8%

NYSEAMERICAN:DNN opened at $2.75 on Wednesday. The company has a quick ratio of 13.46, a current ratio of 13.77 and a debt-to-equity ratio of 2.81. The business’s 50 day moving average is $3.16 and its two-hundred day moving average is $3.55. Denison Mine Corp has a 52 week low of $1.86 and a 52 week high of $4.43. The company has a market cap of $2.49 billion, a PE ratio of -11.96 and a beta of 1.21.

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.