De Lisle Partners LLP Buys 150,000 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

De Lisle Partners LLP raised its stake in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 9.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,687,909 shares of the basic materials company’s stock after purchasing an additional 150,000 shares during the period. De Lisle Partners LLP owned approximately 0.19% of Denison Mines worth $3,089,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DNN. Toronto Dominion Bank lifted its stake in shares of Denison Mines by 39.4% in the second quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock valued at $48,000 after buying an additional 6,777 shares during the period. Legacy Capital Group California Inc. lifted its position in shares of Denison Mines by 47.5% in the 3rd quarter. Legacy Capital Group California Inc. now owns 34,372 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 11,066 shares during the period. SevenBridge Financial Group LLC lifted its position in shares of Denison Mines by 54.2% in the 3rd quarter. SevenBridge Financial Group LLC now owns 37,000 shares of the basic materials company’s stock worth $68,000 after acquiring an additional 13,000 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Denison Mines by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 689,160 shares of the basic materials company’s stock worth $1,378,000 after purchasing an additional 13,144 shares in the last quarter. Finally, Arlington Capital Management Inc. increased its position in shares of Denison Mines by 3.2% during the third quarter. Arlington Capital Management Inc. now owns 441,192 shares of the basic materials company’s stock valued at $807,000 after purchasing an additional 13,481 shares during the period. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Denison Mines Stock Performance

Shares of DNN opened at $2.30 on Thursday. The company has a market capitalization of $2.05 billion, a PE ratio of -230.00 and a beta of 1.69. The stock’s 50-day moving average is $2.00. Denison Mines Corp. has a 1 year low of $1.40 and a 1 year high of $2.47.

Wall Street Analysts Forecast Growth

DNN has been the topic of a number of analyst reports. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 25th. CIBC began coverage on Denison Mines in a report on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 price objective for the company. National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. StockNews.com raised Denison Mines to a “sell” rating in a report on Wednesday, July 31st. Finally, Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, three have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $3.00.

About Denison Mines

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.