Triasima Portfolio Management inc. Grows Stock Position in Denison Mine Corp $DNN

Triasima Portfolio Management inc. increased its position in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 27.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 719,434 shares of the basic materials company’s stock after buying an additional 153,114 shares during the quarter. Triasima Portfolio Management inc. owned about 0.08% of Denison Mine worth $1,910,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DNN. Royal Bank of Canada raised its position in Denison Mine by 14.6% in the first quarter. Royal Bank of Canada now owns 4,317,738 shares of the basic materials company’s stock valued at $5,613,000 after purchasing an additional 550,064 shares during the period. Millennium Management LLC raised its position in Denison Mine by 11.5% in the first quarter. Millennium Management LLC now owns 5,710,330 shares of the basic materials company’s stock valued at $7,423,000 after purchasing an additional 587,352 shares during the period. Goldman Sachs Group Inc. raised its position in Denison Mine by 2.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,687,875 shares of the basic materials company’s stock valued at $2,194,000 after purchasing an additional 45,125 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Denison Mine by 62.5% in 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 valued at $1,955,000 after purchasing an additional 578,365 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Denison Mine by 29.4% in the second quarter. Envestnet Asset Management Inc. now owns 55,962 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 12,705 shares during the period. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Denison Mine Price Performance

Denison Mine stock opened at $3.75 on Monday. Denison Mine Corp has a twelve month low of $1.39 and a twelve month high of $4.43. The stock’s fifty day simple moving average is $3.79 and its 200-day simple moving average is $3.33. The company has a current ratio of 10.75, a quick ratio of 10.51 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $3.39 billion, a P/E ratio of -22.06 and a beta of 1.23.

Analyst Upgrades and Downgrades

DNN has been the topic of a number of research analyst reports. Zacks Research raised Denison Mine from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Raymond James Financial reissued an “outperform” rating on shares of Denison Mine in a research report on Wednesday, January 14th. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a research report on Friday, February 20th. Roth Mkm reissued a “buy” rating and issued a $4.25 target price on shares of Denison Mine in a research report on Wednesday, February 18th. Finally, TD Securities boosted their target price on Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Denison Mine has a consensus rating of “Buy” and a consensus price target of $5.38.

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.