Caitong International Asset Management Co. Ltd Acquires 57,781 Shares of Denison Mine Corp $DNN

Caitong International Asset Management Co. Ltd increased its position in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 7,904.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,512 shares of the basic materials company’s stock after purchasing an additional 57,781 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Denison Mine were worth $106,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its position in Denison Mine by 13.4% in the first quarter. HighTower Advisors LLC now owns 102,180 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 12,050 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Denison Mine by 6.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 255,459 shares of the basic materials company’s stock worth $334,000 after purchasing an additional 15,136 shares during the period. Cetera Investment Advisers increased its position in Denison Mine by 1.6% in the first quarter. Cetera Investment Advisers now owns 948,688 shares of the basic materials company’s stock worth $1,233,000 after purchasing an additional 15,298 shares during the period. Arlington Capital Management Inc. increased its position in Denison Mine by 4.5% in the first quarter. Arlington Capital Management Inc. now owns 490,374 shares of the basic materials company’s stock worth $637,000 after purchasing an additional 21,248 shares during the period. Finally, R Squared Ltd acquired a new stake in Denison Mine in the second quarter worth about $39,000. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Denison Mine Trading Up 2.9%

Denison Mine stock opened at $2.81 on Friday. Denison Mine Corp has a 1 year low of $1.08 and a 1 year high of $3.42. The firm has a market capitalization of $2.52 billion, a P/E ratio of -46.83 and a beta of 1.32. The business has a 50-day moving average of $2.58 and a 200-day moving average of $2.01.

Analyst Ratings Changes

DNN has been the subject of a number of research reports. National Bankshares reiterated an “outperform” rating on shares of Denison Mine in a research report on Monday, August 18th. TD Securities restated a “buy” rating on shares of Denison Mine in a research report on Monday, August 11th. Scotiabank restated an “outperform” rating on shares of Denison Mine in a research report on Thursday, August 7th. Desjardins upgraded Denison Mine to a “moderate buy” rating in a research report on Monday, August 18th. Finally, Raymond James Financial restated an “outperform” rating on shares of Denison Mine in a research report on Friday, October 10th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Denison Mine presently has a consensus rating of “Buy”.

About Denison Mine

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.