MMCAP International Inc. SPC Has $19.20 Million Stock Position in Denison Mine Corp $DNN

MMCAP International Inc. SPC trimmed its holdings in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 24.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,219,531 shares of the basic materials company’s stock after selling 2,286,340 shares during the quarter. Denison Mine accounts for approximately 2.0% of MMCAP International Inc. SPC’s investment portfolio, making the stock its 8th largest holding. MMCAP International Inc. SPC owned approximately 0.80% of Denison Mine worth $19,204,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chicago Partners Investment Group LLC bought a new stake in shares of Denison Mine during the fourth quarter worth $752,000. ArrowMark Colorado Holdings LLC lifted its position in shares of Denison Mine by 15.7% during the third quarter. ArrowMark Colorado Holdings LLC now owns 2,892,000 shares of the basic materials company’s stock worth $7,953,000 after purchasing an additional 393,000 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Denison Mine in the third quarter valued at about $3,032,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Denison Mine by 4.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,332,391 shares of the basic materials company’s stock valued at $144,051,000 after acquiring an additional 2,027,151 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Denison Mine by 17.5% in the third quarter. Van ECK Associates Corp now owns 62,803,040 shares of the basic materials company’s stock valued at $172,709,000 after acquiring an additional 9,348,414 shares in the last quarter. 36.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DNN shares. Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a report on Thursday, May 14th. Zacks Research lowered shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Roth Mkm restated a “buy” rating and issued a $4.25 price target on shares of Denison Mine in a report on Wednesday, February 18th. Finally, TD Securities boosted their price target on shares of Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a report on Thursday, March 12th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.38.

Denison Mine Trading Up 3.7%

NYSEAMERICAN:DNN opened at $3.35 on Wednesday. Denison Mine Corp has a one year low of $1.51 and a one year high of $4.43. The company has a debt-to-equity ratio of 2.81, a quick ratio of 13.46 and a current ratio of 13.77. The firm has a market cap of $3.03 billion, a P/E ratio of -14.57 and a beta of 1.23. The firm has a 50-day simple moving average of $3.60 and a 200-day simple moving average of $3.39.

About Denison Mine

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.