Legal & General Group Plc Purchases Shares of 984,564 Denison Mine Corp $DNN

Legal & General Group Plc purchased a new stake in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 984,564 shares of the basic materials company’s stock, valued at approximately $3,019,000.

A number of other institutional investors also recently made changes to their positions in the company. Summitry LLC acquired a new position in shares of Denison Mine in the fourth quarter valued at approximately $27,000. Kelleher Financial Advisors acquired a new stake in Denison Mine during the 2nd quarter worth approximately $27,000. First Citizens Bank & Trust Co. acquired a new stake in Denison Mine during the 4th quarter worth approximately $27,000. Invesco Ltd. bought a new stake in Denison Mine in the 4th quarter valued at $27,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Denison Mine in the 2nd quarter valued at $28,000. Institutional investors own 36.74% of the company’s stock.

Denison Mine Price Performance

Denison Mine stock opened at $3.42 on Friday. The stock’s fifty day moving average price is $3.16 and its two-hundred day moving average price is $3.45. Denison Mine Corp has a one year low of $2.20 and a one year high of $4.43. The company has a debt-to-equity ratio of 2.38, a current ratio of 9.41 and a quick ratio of 9.14. The firm has a market cap of $3.10 billion, a PE ratio of -15.55 and a beta of 1.24.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Jefferies Financial Group started coverage on Denison Mine in a research report on Thursday. They set a “buy” rating on the stock. Zacks Research downgraded shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Scotiabank reaffirmed an “outperform” rating on shares of Denison Mine in a research report on Thursday, May 14th. Finally, Royal Bank Of Canada started coverage on shares of Denison Mine in a research note on Monday, July 13th. They issued an “outperform” rating for the company. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Denison Mine has an average rating of “Moderate Buy” and an average target price of $5.38.

Denison Mine Company 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.