314,080 Shares in Denison Mine Corp $DNN Acquired by Keynote Financial Services LLC

Keynote Financial Services LLC purchased a new position in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 314,080 shares of the basic materials company’s stock, valued at approximately $835,000.

A number of other institutional investors and hedge funds have also modified their holdings of DNN. Royal Bank of Canada raised its stake in shares of Denison Mine by 14.6% during the first quarter. Royal Bank of Canada now owns 4,317,738 shares of the basic materials company’s stock worth $5,613,000 after buying an additional 550,064 shares during the last quarter. Millennium Management LLC raised its stake in shares of Denison Mine by 11.5% during the first quarter. Millennium Management LLC now owns 5,710,330 shares of the basic materials company’s stock worth $7,423,000 after buying an additional 587,352 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Denison Mine by 2.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,687,875 shares of the basic materials company’s stock worth $2,194,000 after buying an additional 45,125 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Denison Mine by 62.5% during the first 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 buying an additional 578,365 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Denison Mine by 29.4% during the second quarter. Envestnet Asset Management Inc. now owns 55,962 shares of the basic materials company’s stock worth $102,000 after buying an additional 12,705 shares during the last quarter. 36.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DNN has been the subject of a number of recent research reports. TD Securities boosted their price target on shares of Denison Mine from $6.00 to $6.50 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Roth Mkm restated a “buy” rating and set a $4.25 price objective on shares of Denison Mine in a report on Wednesday, February 18th. Scotiabank restated an “outperform” rating on shares of Denison Mine in a report on Thursday, May 14th. Finally, Zacks Research cut shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $5.38.

Denison Mine Stock Up 2.0%

Shares of NYSEAMERICAN DNN opened at $3.06 on Friday. The stock has a market cap of $2.77 billion, a P/E ratio of -13.30 and a beta of 1.18. The firm has a 50 day moving average price of $3.53 and a 200 day moving average price of $3.45. The company has a debt-to-equity ratio of 2.81, a quick ratio of 13.46 and a current ratio of 13.77. Denison Mine Corp has a 52-week low of $1.57 and a 52-week high of $4.43.

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.