Denison Mine Corp $DNN is MMCAP International Inc. SPC’s 7th Largest Position

MMCAP International Inc. SPC cut its stake in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 29.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,505,871 shares of the basic materials company’s stock after selling 3,906,413 shares during the period. Denison Mine accounts for about 3.0% of MMCAP International Inc. SPC’s portfolio, making the stock its 7th largest position. MMCAP International Inc. SPC owned about 1.06% of Denison Mine worth $26,141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Denison Mine during the third quarter worth $28,000. Aire Advisors LLC acquired a new position in shares of Denison Mine in the 3rd quarter valued at $28,000. Jones Financial Companies Lllp raised its stake in Denison Mine by 65.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 11,515 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 4,563 shares during the last quarter. WealthShield Partners LLC lifted its position in Denison Mine by 50.0% during the 2nd quarter. WealthShield Partners LLC now owns 18,000 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 6,000 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in Denison Mine during the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Scotiabank restated an “outperform” rating on shares of Denison Mine in a research note on Friday. Raymond James Financial reiterated an “outperform” rating on shares of Denison Mine in a report on Wednesday, January 14th. Finally, Roth Mkm reissued a “buy” rating and set a $4.25 price target on shares of Denison Mine in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $4.25.

Denison Mine Stock Performance

NYSEAMERICAN DNN opened at $4.06 on Monday. The firm has a market capitalization of $3.66 billion, a P/E ratio of -27.07 and a beta of 1.25. The stock has a 50-day simple moving average of $3.42 and a two-hundred day simple moving average of $2.87. The company has a debt-to-equity ratio of 1.49, a quick ratio of 11.78 and a current ratio of 11.97. Denison Mine Corp has a fifty-two week low of $1.08 and a fifty-two week high of $4.43.

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.