The Manufacturers Life Insurance Company Purchases Shares of 4,090,630 Denison Mine Corp $DNN

The Manufacturers Life Insurance Company acquired a new stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) during the 2nd quarter, Holdings Channel reports. The firm acquired 4,090,630 shares of the basic materials company’s stock, valued at approximately $12,507,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Summitry LLC acquired a new stake in shares of Denison Mine in the 4th quarter valued at about $27,000. Kelleher Financial Advisors acquired a new position in Denison Mine during the 2nd quarter worth approximately $27,000. First Citizens Bank & Trust Co. acquired a new position in Denison Mine during the 4th quarter worth approximately $27,000. Invesco Ltd. bought a new position in Denison Mine in the fourth quarter worth approximately $27,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Denison Mine in the second quarter worth approximately $28,000. Institutional investors own 36.74% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on DNN. Scotiabank restated an “outperform” rating on shares of Denison Mine in a report on Thursday, May 14th. Royal Bank Of Canada began coverage on Denison Mine in a report on Monday, July 13th. They issued an “outperform” rating on the stock. Finally, Zacks Research downgraded shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Denison Mine presently has a consensus rating of “Moderate Buy” and an average price target of $5.38.

Denison Mine Trading Down 7.6%

DNN opened at $3.39 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 9.41 and a quick ratio of 9.14. Denison Mine Corp has a fifty-two week low of $2.20 and a fifty-two week high of $4.43. The firm has a market capitalization of $3.07 billion, a PE ratio of -15.41 and a beta of 1.23. The company’s 50-day moving average is $3.14 and its 200 day moving average is $3.47.

About Denison Mine

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.