Public Employees Retirement System of Ohio Buys New Position in Denison Mine Corp $DNN

Public Employees Retirement System of Ohio bought a new position in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 202,370 shares of the basic materials company’s stock, valued at approximately $620,000.

Other hedge funds have also added to or reduced their stakes in the company. Kelleher Financial Advisors acquired 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 during the 2nd quarter valued at $28,000. Summitry LLC acquired a new position in shares of Denison Mine during the 4th quarter valued at $27,000. First Citizens Bank & Trust Co. bought a new position in Denison Mine during the fourth quarter worth $27,000. Finally, Invesco Ltd. bought a new position in Denison Mine during the fourth quarter worth $27,000. 36.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Denison Mine Stock Performance

NYSEAMERICAN DNN opened at $3.35 on Thursday. The company has a market cap of $3.03 billion, a P/E ratio of -15.23 and a beta of 1.24. The company has a fifty day simple moving average of $3.18 and a 200 day simple moving average of $3.43. The company has a current ratio of 9.41, a quick ratio of 9.14 and a debt-to-equity ratio of 2.38. Denison Mine Corp has a 12-month low of $2.20 and a 12-month 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.