Y Intercept Hong Kong Ltd Invests $653,000 in Denison Mine Corp $DNN

Y Intercept Hong Kong Ltd acquired a new stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 184,864 shares of the basic materials company’s stock, valued at approximately $653,000.

A number of other large investors also recently modified their holdings of DNN. Pictet Asset Management Holding SA boosted its stake in Denison Mine by 13.8% in the first quarter. Pictet Asset Management Holding SA now owns 191,601 shares of the basic materials company’s stock worth $677,000 after buying an additional 23,297 shares in the last quarter. Delta Wealth Advisors LLC purchased a new position in shares of Denison Mine during the first quarter worth approximately $43,000. Banque Cantonale Vaudoise raised its stake in shares of Denison Mine by 1.4% during the first quarter. Banque Cantonale Vaudoise now owns 868,020 shares of the basic materials company’s stock worth $3,066,000 after acquiring an additional 12,000 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Denison Mine by 288.8% in the 1st quarter. SG Americas Securities LLC now owns 39,031 shares of the basic materials company’s stock worth $138,000 after acquiring an additional 28,992 shares during the last quarter. Finally, World Investment Advisors lifted its holdings in shares of Denison Mine by 111.1% in the 4th quarter. World Investment Advisors now owns 21,110 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 11,110 shares during the last quarter. 36.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Denison Mine Trading Down 6.2%

Shares of DNN opened at $3.03 on Tuesday. The stock has a market capitalization of $2.74 billion, a P/E ratio of -13.17 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. The firm has a fifty day simple moving average of $3.29 and a two-hundred day simple moving average of $3.54. Denison Mine Corp has a twelve month low of $1.75 and a twelve month high of $4.43.

About Denison Mine

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.