Counterpoint Mutual Funds LLC Purchases New Position in Denison Mine Corp $DNN

Counterpoint Mutual Funds LLC purchased a new stake in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 245,426 shares of the basic materials company’s stock, valued at approximately $866,000.

Several other hedge funds have also recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of Denison Mine during the fourth quarter worth approximately $27,000. Summitry LLC acquired a new position in shares of Denison Mine in the fourth quarter valued at approximately $27,000. First Citizens Bank & Trust Co. bought a new position in shares of Denison Mine during the fourth quarter worth approximately $27,000. Invesco Ltd. acquired a new stake in Denison Mine during the 4th quarter worth approximately $27,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in Denison Mine during the 3rd quarter worth approximately $28,000. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Denison Mine Stock Performance

DNN opened at $3.20 on Friday. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of -13.91 and a beta of 1.21. The company has a quick ratio of 13.46, a current ratio of 13.77 and a debt-to-equity ratio of 2.81. Denison Mine Corp has a twelve month low of $1.67 and a twelve month high of $4.43. The company has a 50-day simple moving average of $3.37 and a 200 day simple moving average of $3.51.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DNN. TD Securities boosted their price target on Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a research note on Thursday, March 12th. Zacks Research cut Denison Mine from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Scotiabank reissued an “outperform” rating on shares of Denison Mine in a report on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Denison Mine presently has an average rating of “Moderate Buy” and a consensus target price of $5.38.

Denison Mine 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.