Goehring & Rozencwajg Associates LLC Increases Stock Position in Denison Mine Corp $DNN

Goehring & Rozencwajg Associates LLC grew its position in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,952,752 shares of the basic materials company’s stock after purchasing an additional 199,607 shares during the quarter. Goehring & Rozencwajg Associates LLC’s holdings in Denison Mine were worth $10,514,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Denison Mine in the 4th quarter valued at about $27,000. Summitry LLC purchased a new stake in shares of Denison Mine in the 4th quarter valued at about $27,000. Aire Advisors LLC purchased a new stake in shares of Denison Mine in the 3rd quarter valued at about $28,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Denison Mine in the 3rd quarter valued at about $28,000. Finally, State of Wyoming purchased a new stake in shares of Denison Mine in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on DNN shares. TD Securities boosted their target price on Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a report on Thursday, March 12th. Roth Mkm reissued a “buy” rating and issued a $4.25 target price on shares of Denison Mine in a report on Wednesday, February 18th. Zacks Research cut shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Denison Mine in a report on Thursday, May 14th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.38.

Denison Mine Trading Up 2.0%

NYSEAMERICAN DNN opened at $3.06 on Friday. The stock has a market capitalization of $2.77 billion, a P/E ratio of -13.30 and a beta of 1.18. Denison Mine Corp has a 52-week low of $1.57 and a 52-week high of $4.43. The firm has a 50-day moving average price of $3.53 and a 200 day moving average price of $3.45. 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 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.