R Squared Ltd Acquires Shares of 21,660 Denison Mine Corp $DNN

R Squared Ltd acquired a new stake in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) in the second quarter, HoldingsChannel.com reports. The firm acquired 21,660 shares of the basic materials company’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DNN. Cambridge Investment Research Advisors Inc. lifted its stake in Denison Mine by 27.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 401,491 shares of the basic materials company’s stock valued at $522,000 after buying an additional 86,704 shares during the last quarter. DAVENPORT & Co LLC purchased a new stake in Denison Mine in the first quarter valued at approximately $195,000. Acuitas Investments LLC acquired a new position in shares of Denison Mine in the first quarter valued at approximately $437,000. Strategic Financial Concepts LLC acquired a new position in shares of Denison Mine in the first quarter valued at approximately $93,000. Finally, Goehring & Rozencwajg Associates LLC increased its holdings in shares of Denison Mine by 2.2% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 3,793,204 shares of the basic materials company’s stock valued at $4,931,000 after purchasing an additional 83,107 shares during the period. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. TD Securities reissued a “buy” rating on shares of Denison Mine in a report on Monday, August 11th. Desjardins raised Denison Mine to a “moderate buy” rating in a report on Monday, August 18th. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a report on Thursday, August 7th. Raymond James Financial reissued an “outperform” rating on shares of Denison Mine in a report on Friday, October 10th. Finally, National Bankshares reissued an “outperform” rating on shares of Denison Mine in a report on Monday, August 18th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

Denison Mine Stock Performance

Denison Mine stock opened at $2.81 on Monday. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of -46.83 and a beta of 1.32. Denison Mine Corp has a fifty-two week low of $1.08 and a fifty-two week high of $3.42. The stock’s fifty day moving average is $2.58 and its two-hundred day moving average is $2.02.

About Denison Mine

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.