Denison Mines Corp. (NYSEAMERICAN:DNN) Shares Purchased by Confluence Investment Management LLC

Confluence Investment Management LLC increased its position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 257,386 shares of the basic materials company’s stock after purchasing an additional 14,247 shares during the period. Confluence Investment Management LLC’s holdings in Denison Mines were worth $471,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Hood River Capital Management LLC raised its position in Denison Mines by 9.2% in the second quarter. Hood River Capital Management LLC now owns 25,263,766 shares of the basic materials company’s stock valued at $50,275,000 after purchasing an additional 2,138,603 shares during the period. Van ECK Associates Corp raised its holdings in Denison Mines by 96.8% in the 3rd quarter. Van ECK Associates Corp now owns 14,574,159 shares of the basic materials company’s stock valued at $26,671,000 after buying an additional 7,168,934 shares during the period. Point72 Asset Management L.P. raised its holdings in Denison Mines by 0.5% in the 2nd 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 buying an additional 46,000 shares during the period. Vident Advisory LLC lifted its position in Denison Mines by 15.0% in the first quarter. Vident Advisory LLC now owns 6,764,463 shares of the basic materials company’s stock valued at $13,191,000 after buying an additional 884,599 shares during the last quarter. Finally, Lloyd Harbor Capital Management LLC boosted its stake in Denison Mines by 168.5% during the second quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company’s stock worth $12,288,000 after buying an additional 3,875,016 shares during the period. 36.74% of the stock is owned by hedge funds and other institutional investors.

Denison Mines Trading Down 3.8 %

Shares of DNN opened at $2.04 on Friday. Denison Mines Corp. has a 1-year low of $1.40 and a 1-year high of $2.47. The stock has a market capitalization of $1.82 billion, a PE ratio of 34.00 and a beta of 1.69. The company has a fifty day moving average of $1.99.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on DNN. Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. Roth Mkm restated a “buy” rating and set a $2.75 target price (up from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. CIBC initiated coverage on shares of Denison Mines in a research note on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 price target on the stock. StockNews.com raised shares of Denison Mines to a “sell” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Denison Mines currently has a consensus rating of “Buy” and an average target price of $3.00.

Denison Mines Company Profile

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.