Regal Partners Ltd Has $7.36 Million Stock Position in Denison Mine Corp $DNN

Regal Partners Ltd grew its holdings in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 149.8% during the first quarter, Holdings Channel reports. The firm owned 2,085,414 shares of the basic materials company’s stock after purchasing an additional 1,250,616 shares during the period. Regal Partners Ltd’s holdings in Denison Mine were worth $7,362,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DNN. Summitry LLC bought a new stake in Denison Mine in the fourth quarter worth $27,000. First Citizens Bank & Trust Co. bought a new position in Denison Mine during the fourth quarter valued at about $27,000. SG Americas Securities LLC bought a new position in Denison Mine during the fourth quarter valued at about $27,000. Invesco Ltd. acquired a new stake in shares of Denison Mine in the fourth quarter worth about $27,000. Finally, State of Wyoming acquired a new stake in shares of Denison Mine in the fourth quarter worth about $28,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DNN. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a report on Thursday, May 14th. 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, Zacks Research cut Denison Mine from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.38.

Denison Mine Stock Down 5.8%

Denison Mine stock opened at $2.75 on Wednesday. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of -11.96 and a beta of 1.21. The company has a debt-to-equity ratio of 2.81, a current ratio of 13.77 and a quick ratio of 13.46. Denison Mine Corp has a fifty-two week low of $1.86 and a fifty-two week high of $4.43. The firm has a fifty day moving average price of $3.16 and a two-hundred day moving average price of $3.55.

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.