Fulcrum Asset Management LLP Purchases New Position in Denison Mine Corp $DNN

Fulcrum Asset Management LLP purchased a new stake in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 473,704 shares of the basic materials company’s stock, valued at approximately $1,228,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kelleher Financial Advisors purchased a new stake in shares of Denison Mine during the 2nd quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Denison Mine in the 2nd quarter valued at $28,000. Shore Point Advisors LLC acquired a new position in shares of Denison Mine in the 3rd quarter valued at $26,000. SLT Holdings LLC acquired a new position in shares of Denison Mine in the 3rd quarter valued at $26,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of Denison Mine in the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

Analyst Upgrades and Downgrades

DNN has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Denison Mine in a research report on Thursday, September 3rd. They issued a “buy” rating on the stock. Zacks Research cut shares of Denison Mine from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.38.

Denison Mine Trading Down 1.4%

NYSEAMERICAN DNN opened at $2.19 on Thursday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 4.46 and a current ratio of 4.67. The firm has a market cap of $1.98 billion, a PE ratio of -43.79 and a beta of 1.36. Denison Mine Corp has a one year low of $1.93 and a one year high of $4.43. The firm’s fifty day moving average is $2.57 and its two-hundred day moving average is $3.26.

Denison Mine (NYSEAMERICAN:DNN) (TSE:DML) last announced its earnings results on Wednesday, November 4th. The basic materials company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). Denison Mine had a negative net margin of 1,474.28% and a negative return on equity of 31.74%. The business had revenue of $2.32 million during the quarter, compared to analysts’ expectations of $2.32 million.

Denison Mine Profile

Denison Mines Corp. is a Canadian uranium exploration and development company focused on projects in Saskatchewan’s Athabasca Basin, a major uranium-producing region. Its activities include exploring for uranium, evaluating deposits and advancing projects toward potential development. The company’s flagship asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Denison is advancing plans to develop Phoenix using in-situ recovery, a method that extracts uranium without conventional underground mining.