Denison Mine Corp $DNN Position Increased by Old West Investment Management LLC

Old West Investment Management LLC raised its position in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 70.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 694,614 shares of the basic materials company’s stock after purchasing an additional 286,303 shares during the quarter. Old West Investment Management LLC owned approximately 0.08% of Denison Mine worth $1,264,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DNN. PCJ Investment Counsel Ltd. grew its stake in shares of Denison Mine by 32.0% in the 2nd quarter. PCJ Investment Counsel Ltd. now owns 2,049,490 shares of the basic materials company’s stock valued at $3,750,000 after buying an additional 497,070 shares in the last quarter. Russell Investments Group Ltd. grew its position in Denison Mine by 979,732.3% in the first quarter. Russell Investments Group Ltd. now owns 970,034 shares of the basic materials company’s stock worth $1,267,000 after acquiring an additional 969,935 shares in the last quarter. Quantbot Technologies LP grew its position in Denison Mine by 66.6% in the first quarter. Quantbot Technologies LP now owns 962,991 shares of the basic materials company’s stock worth $1,252,000 after acquiring an additional 384,878 shares in the last quarter. Tejara Capital Ltd acquired a new position in shares of Denison Mine during the 1st quarter worth $1,008,000. Finally, Nuveen LLC bought a new position in shares of Denison Mine during the 1st quarter valued at $1,027,000. 36.74% of the stock is owned by institutional investors and hedge funds.

Denison Mine Stock Down 3.9%

NYSEAMERICAN:DNN opened at $2.49 on Friday. The firm has a market capitalization of $2.23 billion, a PE ratio of -41.50 and a beta of 1.32. Denison Mine Corp has a 12-month low of $1.08 and a 12-month high of $3.42. The firm has a 50-day moving average price of $2.76 and a 200 day moving average price of $2.16.

Analysts Set New Price Targets

DNN has been the subject of a number of recent research reports. TD Securities reiterated 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 research report on Monday, August 18th. Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a research note on Thursday, August 7th. National Bankshares reissued an “outperform” rating on shares of Denison Mine in a research note on Monday, August 18th. Finally, Raymond James Financial restated an “outperform” rating on shares of Denison Mine in a report on Friday, October 10th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Denison Mine 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.