Denison Mine Corp $DNN Shares Sold by Hood River Capital Management LLC

Hood River Capital Management LLC cut its position in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,596,628 shares of the basic materials company’s stock after selling 302,183 shares during the quarter. Hood River Capital Management LLC owned 2.97% of Denison Mine worth $48,406,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of DNN. Formula Growth Ltd. purchased a new stake in shares of Denison Mine in the 2nd quarter worth about $1,581,000. Flow Traders U.S. LLC purchased a new stake in shares of Denison Mine in the second quarter valued at about $150,000. Alpha Wave Global LP grew its position in shares of Denison Mine by 56.2% in the second quarter. Alpha Wave Global LP now owns 1,843,479 shares of the basic materials company’s stock valued at $3,355,000 after purchasing an additional 663,462 shares during the last quarter. De Lisle Partners LLP increased its stake in shares of Denison Mine by 7.9% during the 2nd quarter. De Lisle Partners LLP now owns 2,037,909 shares of the basic materials company’s stock worth $3,709,000 after purchasing an additional 150,000 shares in the last quarter. Finally, Scotia Capital Inc. raised its position in shares of Denison Mine by 2.5% during the 2nd quarter. Scotia Capital Inc. now owns 240,107 shares of the basic materials company’s stock worth $437,000 after purchasing an additional 5,818 shares during the last quarter. Institutional investors and hedge funds own 36.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DNN. Desjardins raised Denison Mine to a “moderate buy” rating in a research note on Monday, August 18th. National Bankshares restated an “outperform” rating on shares of Denison Mine in a research report on Monday, August 18th. TD Securities reiterated a “buy” rating on shares of Denison Mine in a research report on Monday, August 11th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Denison Mine in a research note on Friday, October 10th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Denison Mine Trading Down 3.5%

NYSEAMERICAN:DNN opened at $2.74 on Monday. Denison Mine Corp has a 1 year low of $1.08 and a 1 year high of $3.42. The business has a fifty day moving average of $2.74 and a 200-day moving average of $2.29. The company has a debt-to-equity ratio of 1.49, a quick ratio of 11.78 and a current ratio of 11.97. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of -18.27 and a beta of 1.40.

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.