Tidal Investments LLC Increases Position in Denison Mine Corp $DNN

Tidal Investments LLC lifted its stake in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 210.5% in the 2nd quarter, Holdings Channel reports. The firm owned 1,446,030 shares of the basic materials company’s stock after purchasing an additional 980,277 shares during the quarter. Tidal Investments LLC’s holdings in Denison Mine were worth $4,425,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its position in Denison Mine by 42.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 12,920 shares of the basic materials company’s stock worth $34,000 after buying an additional 3,844 shares during the period. NewEdge Wealth LLC lifted its position in shares of Denison Mine by 33.3% during the 1st quarter. NewEdge Wealth LLC now owns 20,000 shares of the basic materials company’s stock valued at $71,000 after acquiring an additional 5,000 shares during the period. Financial Sense Advisors Inc. lifted its position in shares of Denison Mine by 36.3% during the 4th quarter. Financial Sense Advisors Inc. now owns 18,786 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 5,000 shares during the period. Titan Global Capital Management USA LLC boosted its stake in shares of Denison Mine by 0.3% during the 4th quarter. Titan Global Capital Management USA LLC now owns 1,883,895 shares of the basic materials company’s stock worth $5,011,000 after acquiring an additional 5,399 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Denison Mine by 44.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 19,362 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DNN shares. Royal Bank Of Canada assumed coverage on Denison Mine in a research note on Monday, July 13th. They issued an “outperform” rating for the company. Jefferies Financial Group initiated coverage on Denison Mine in a research report on Thursday, September 3rd. They issued a “buy” rating for the company. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5.38.

Denison Mine Stock Performance

Denison Mine stock opened at $3.02 on Monday. The stock has a 50-day moving average price of $3.17 and a 200 day moving average price of $3.42. Denison Mine Corp has a 52 week low of $2.20 and a 52 week high of $4.43. The stock has a market cap of $2.73 billion, a PE ratio of -13.73 and a beta of 1.24. The company has a current ratio of 9.41, a quick ratio of 9.14 and a debt-to-equity ratio of 2.38.

Denison Mine Profile

Denison Mines Corp. is a Canadian uranium exploration and development company focused on advancing uranium projects and acquiring interests in uranium-producing assets. Its activities are concentrated primarily in the Athabasca Basin of northern Saskatchewan, Canada, one of the world’s leading uranium-producing regions.

The company’s principal development asset is the Wheeler River project, which includes the Phoenix in-situ recovery uranium project and the Gryphon underground project.