41,000 Shares in Denison Mine Corp $DNN Acquired by Canton Hathaway LLC

Canton Hathaway LLC acquired a new stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) in the second quarter, Holdings Channel reports. The fund acquired 41,000 shares of the basic materials company’s stock, valued at approximately $75,000.

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in Denison Mine during the second quarter valued at about $39,000. Advisory Alpha LLC purchased a new stake in Denison Mine during the second quarter valued at about $40,000. Providence Capital Advisors LLC purchased a new stake in Denison Mine during the first quarter valued at about $30,000. HFG Wealth Management LLC purchased a new stake in Denison Mine during the second quarter valued at about $45,000. Finally, Compound Planning Inc. purchased a new stake in Denison Mine during the first quarter valued at about $53,000. 36.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Denison Mine Stock Performance

NYSEAMERICAN:DNN opened at $3.22 on Friday. The stock’s 50 day moving average price is $2.66 and its 200 day moving average price is $2.07. Denison Mine Corp has a 52 week low of $1.08 and a 52 week high of $3.42. The company has a market capitalization of $2.89 billion, a P/E ratio of -53.67 and a beta of 1.32.

Denison Mine Company Profile

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.