Legacy Capital Group California Inc. Raises Holdings in Denison Mines Corp. (NYSEAMERICAN:DNN)

Legacy Capital Group California Inc. boosted its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 47.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,372 shares of the basic materials company’s stock after buying an additional 11,066 shares during the period. Legacy Capital Group California Inc.’s holdings in Denison Mines were worth $63,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of DNN. SG Americas Securities LLC bought a new position in Denison Mines in the third quarter worth about $154,000. Cetera Investment Advisers raised its stake in shares of Denison Mines by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 923,715 shares of the basic materials company’s stock worth $1,838,000 after acquiring an additional 22,405 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Denison Mines by 0.5% during the second quarter. Point72 Asset Management L.P. now owns 10,135,800 shares of the basic materials company’s stock valued at $20,170,000 after acquiring an additional 46,000 shares during the last quarter. Lloyd Harbor Capital Management LLC boosted its stake in Denison Mines by 168.5% in the second quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company’s stock valued at $12,288,000 after acquiring an additional 3,875,016 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Denison Mines by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 689,160 shares of the basic materials company’s stock worth $1,378,000 after purchasing an additional 13,144 shares during the last quarter. Institutional investors own 36.74% of the company’s stock.

Wall Street Analyst Weigh In

DNN has been the subject of several analyst reports. Roth Mkm reiterated a “buy” rating and set a $2.75 price objective (up previously from $2.60) on shares of Denison Mines in a report on Wednesday. Scotiabank upgraded Denison Mines to a “strong-buy” rating in a research note on Tuesday, July 2nd. BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 25th. CIBC started coverage on shares of Denison Mines in a report on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 price objective on the stock. Finally, Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Denison Mines currently has an average rating of “Buy” and an average price target of $3.00.

Denison Mines Stock Down 0.5 %

Shares of DNN stock opened at $2.19 on Friday. Denison Mines Corp. has a fifty-two week low of $1.40 and a fifty-two week high of $2.47. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 36.50 and a beta of 1.71. The company has a 50-day moving average price of $1.99.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last posted its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). Denison Mines had a net margin of 950.42% and a return on equity of 9.45%. The company had revenue of $0.97 million during the quarter, compared to analyst estimates of $0.80 million. On average, equities analysts expect that Denison Mines Corp. will post -0.06 earnings per share for the current year.

About Denison Mines

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.