Advisory Alpha LLC Invests $40,000 in Denison Mine Corp $DNN

Advisory Alpha LLC purchased a new position in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) in the second quarter, Holdings Channel.com reports. The firm purchased 21,932 shares of the basic materials company’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DNN. Cambridge Investment Research Advisors Inc. raised its stake in shares of Denison Mine by 27.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 401,491 shares of the basic materials company’s stock worth $522,000 after purchasing an additional 86,704 shares in the last quarter. DAVENPORT & Co LLC acquired a new position in shares of Denison Mine during the 1st quarter valued at about $195,000. Strategic Financial Concepts LLC acquired a new position in shares of Denison Mine during the 1st quarter valued at about $93,000. Goehring & Rozencwajg Associates LLC increased its holdings in shares of Denison Mine by 2.2% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 3,793,204 shares of the basic materials company’s stock valued at $4,931,000 after acquiring an additional 83,107 shares during the last quarter. Finally, Triasima Portfolio Management inc. acquired a new position in shares of Denison Mine during the 1st quarter valued at about $455,000. 36.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DNN has been the topic of a number of analyst reports. National Bankshares reissued an “outperform” rating on shares of Denison Mine in a report on Monday, August 18th. TD Securities reissued a “buy” rating on shares of Denison Mine in a report on Monday, August 11th. Desjardins raised Denison Mine to a “moderate buy” rating in a report on Monday, August 18th. Raymond James Financial reissued an “outperform” rating on shares of Denison Mine in a report on Friday, October 10th. Finally, Scotiabank reissued an “outperform” rating on shares of Denison Mine in a report on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Denison Mine currently has an average rating of “Buy”.

Denison Mine Stock Up 1.6%

DNN opened at $3.22 on Friday. The firm has a market capitalization of $2.89 billion, a P/E ratio of -53.67 and a beta of 1.32. The stock’s 50 day moving average price is $2.66 and its two-hundred day moving average price is $2.07. Denison Mine Corp has a 12-month low of $1.08 and a 12-month high of $3.42.

Denison Mine 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.