Geode Capital Management LLC Has $769,000 Stake in Denison Mines Corp. (NYSEAMERICAN:DNN)

Geode Capital Management LLC raised its position in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 8.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 420,723 shares of the basic materials company’s stock after acquiring an additional 34,192 shares during the quarter. Geode Capital Management LLC’s holdings in Denison Mines were worth $769,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DNN. Segra Capital Management LLC lifted its stake in Denison Mines by 124.8% in the 3rd quarter. Segra Capital Management LLC now owns 18,268,562 shares of the basic materials company’s stock valued at $33,431,000 after purchasing an additional 10,140,540 shares during the last quarter. Impala Asset Management LLC bought a new stake in Denison Mines in the third quarter valued at approximately $1,076,000. Continuum Advisory LLC raised its stake in Denison Mines by 78.5% in the third quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company’s stock valued at $61,000 after buying an additional 14,688 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Denison Mines in the third quarter valued at approximately $423,000. Finally, XTX Topco Ltd boosted its stake in shares of Denison Mines by 6,560.7% during the 3rd quarter. XTX Topco Ltd now owns 802,020 shares of the basic materials company’s stock worth $1,468,000 after acquiring an additional 789,979 shares during the period. Institutional investors own 36.74% of the company’s stock.

Wall Street Analyst Weigh In

DNN has been the topic of a number of research analyst reports. CIBC started coverage on Denison Mines in a research note on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 price target on the stock. BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 25th. Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. Finally, Roth Mkm reissued a “buy” rating and issued a $2.75 price target (up from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $3.00.

Denison Mines Stock Performance

Shares of Denison Mines stock opened at $1.95 on Friday. Denison Mines Corp. has a 52-week low of $1.40 and a 52-week high of $2.47. The company has a 50-day simple moving average of $2.00. The company has a market capitalization of $1.74 billion, a PE ratio of -195.00 and a beta of 1.71.

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.