Hennion & Walsh Asset Management Inc. Raises Position in Denison Mine Corp $DNN

Hennion & Walsh Asset Management Inc. raised its position in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 86.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 416,004 shares of the basic materials company’s stock after buying an additional 192,592 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Denison Mine were worth $1,144,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of Denison Mine by 14.6% in the first quarter. Royal Bank of Canada now owns 4,317,738 shares of the basic materials company’s stock valued at $5,613,000 after acquiring an additional 550,064 shares in the last quarter. Millennium Management LLC raised its stake in Denison Mine by 11.5% in the 1st quarter. Millennium Management LLC now owns 5,710,330 shares of the basic materials company’s stock valued at $7,423,000 after purchasing an additional 587,352 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Denison Mine by 2.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,687,875 shares of the basic materials company’s stock valued at $2,194,000 after purchasing an additional 45,125 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Denison Mine by 62.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,504,193 shares of the basic materials company’s stock worth $1,955,000 after purchasing an additional 578,365 shares during the last quarter. Finally, HFG Wealth Management LLC acquired a new stake in Denison Mine during the 2nd quarter worth $45,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mine Stock Performance

NYSEAMERICAN DNN opened at $3.31 on Friday. 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’s fifty day moving average is $2.69 and its two-hundred day moving average is $2.47. The firm has a market capitalization of $2.98 billion, a P/E ratio of -22.07 and a beta of 1.25. Denison Mine Corp has a fifty-two week low of $1.08 and a fifty-two week high of $3.51.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial reiterated an “outperform” rating on shares of Denison Mine in a research report on Friday, October 10th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Denison Mine Company Profile

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.