Caisse de depot et placement du Quebec Takes $4.81 Million Position in Denison Mine Corp $DNN

Caisse de depot et placement du Quebec purchased a new stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,567,531 shares of the basic materials company’s stock, valued at approximately $4,806,000. Caisse de depot et placement du Quebec owned approximately 0.17% of Denison Mine at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in Denison Mine by 20.9% in the 4th quarter. Van ECK Associates Corp now owns 75,910,027 shares of the basic materials company’s stock valued at $201,916,000 after buying an additional 13,106,987 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Denison Mine by 80.6% during the fourth quarter. Vanguard Group Inc. now owns 23,960,755 shares of the basic materials company’s stock worth $63,544,000 after acquiring an additional 10,696,852 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Denison Mine by 1,696.3% in the third quarter. Two Sigma Investments LP now owns 17,026,392 shares of the basic materials company’s stock worth $46,823,000 after acquiring an additional 16,078,514 shares in the last quarter. L1 Capital Pty Ltd lifted its stake in shares of Denison Mine by 4,544.0% in the third quarter. L1 Capital Pty Ltd now owns 14,007,218 shares of the basic materials company’s stock worth $38,520,000 after acquiring an additional 13,705,598 shares in the last quarter. Finally, Vident Advisory LLC boosted its holdings in Denison Mine by 41.9% in the second quarter. Vident Advisory LLC now owns 9,755,610 shares of the basic materials company’s stock valued at $17,755,000 after purchasing an additional 2,881,618 shares during the last quarter. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DNN shares. Royal Bank Of Canada started coverage on Denison Mine in a report on Monday, July 13th. They set an “outperform” rating on the stock. Zacks Research cut Denison Mine from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Scotiabank reissued an “outperform” rating on shares of Denison Mine in a research report on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $5.38.

Denison Mine Stock Performance

Shares of DNN stock opened at $3.39 on Friday. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of -15.41 and a beta of 1.23. Denison Mine Corp has a one year low of $2.20 and a one year high of $4.43. The company’s 50-day simple moving average is $3.14 and its 200-day simple moving average is $3.47. The company has a debt-to-equity ratio of 2.38, a quick ratio of 9.14 and a current ratio of 9.41.

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.