Public Employees Retirement System of Ohio Purchases New Shares in Denison Mine Corp $DNN

Public Employees Retirement System of Ohio acquired a new stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 202,370 shares of the basic materials company’s stock, valued at approximately $620,000.

Other hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Denison Mine by 42.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 12,920 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 3,844 shares in the last quarter. NewEdge Wealth LLC lifted its position in shares of Denison Mine by 33.3% during the first quarter. NewEdge Wealth LLC now owns 20,000 shares of the basic materials company’s stock valued at $71,000 after purchasing an additional 5,000 shares in the last quarter. Financial Sense Advisors Inc. boosted its holdings in Denison Mine by 36.3% during the fourth quarter. Financial Sense Advisors Inc. now owns 18,786 shares of the basic materials company’s stock worth $50,000 after purchasing an additional 5,000 shares during the last quarter. Titan Global Capital Management USA LLC boosted its holdings in Denison Mine by 0.3% during the fourth quarter. Titan Global Capital Management USA LLC now owns 1,883,895 shares of the basic materials company’s stock worth $5,011,000 after purchasing an additional 5,399 shares during the last quarter. Finally, MGO One Seven LLC boosted its holdings in Denison Mine by 5.9% during the fourth quarter. MGO One Seven LLC now owns 102,205 shares of the basic materials company’s stock worth $272,000 after purchasing an additional 5,718 shares during the last quarter. 36.74% of the stock is owned by hedge funds and other institutional investors.

Denison Mine Price Performance

Shares of NYSEAMERICAN:DNN opened at $3.35 on Thursday. The company has a market capitalization of $3.03 billion, a P/E ratio of -15.23 and a beta of 1.24. The company’s 50-day moving average is $3.18 and its 200 day moving average is $3.43. The company has a debt-to-equity ratio of 2.38, a quick ratio of 9.14 and a current ratio of 9.41. Denison Mine Corp has a fifty-two week low of $2.20 and a fifty-two week high of $4.43.

Analyst Ratings Changes

DNN has been the subject of several analyst reports. Zacks Research lowered shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Jefferies Financial Group began coverage on Denison Mine in a research note on Thursday, September 3rd. They issued a “buy” rating on the stock. Royal Bank Of Canada began coverage on Denison Mine in a report on Monday, July 13th. They issued an “outperform” rating for the company. Finally, Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a report on Thursday, May 14th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Denison Mine presently has a consensus rating of “Moderate Buy” and an average target price of $5.38.

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.