Dimensional Fund Advisors LP Raises Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Dimensional Fund Advisors LP raised its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 20.3% in the second quarter, Holdings Channel.com reports. The firm owned 784,554 shares of the basic materials company’s stock after purchasing an additional 132,141 shares during the period. Dimensional Fund Advisors LP’s holdings in Denison Mines were worth $1,562,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Denison Mines during the first quarter valued at approximately $51,000. Van ECK Associates Corp increased its position in shares of Denison Mines by 22.2% during the first quarter. Van ECK Associates Corp now owns 5,293,313 shares of the basic materials company’s stock valued at $10,327,000 after acquiring an additional 960,585 shares in the last quarter. Natixis increased its position in shares of Denison Mines by 270.5% during the first quarter. Natixis now owns 445,808 shares of the basic materials company’s stock valued at $869,000 after acquiring an additional 325,472 shares in the last quarter. &PARTNERS bought a new stake in shares of Denison Mines during the first quarter valued at approximately $34,000. Finally, Cetera Investment Advisers bought a new stake in shares of Denison Mines during the first quarter valued at approximately $1,758,000. Institutional investors own 36.74% of the company’s stock.

Analysts Set New Price Targets

DNN has been the topic of several analyst reports. National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. Roth Mkm started coverage on shares of Denison Mines in a research note on Thursday, June 27th. They set a “buy” rating and a $2.60 target price on the stock. CIBC started coverage on shares of Denison Mines in a research note on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 target price on the stock. Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. Finally, BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $2.93.

Denison Mines Stock Performance

Denison Mines stock opened at $1.92 on Friday. The business has a 50-day simple moving average of $1.98. Denison Mines Corp. has a twelve month low of $1.40 and a twelve month high of $2.47. The company has a market cap of $1.71 billion, a P/E ratio of 32.00 and a beta of 1.71.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last posted its earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $0.97 million for the quarter, compared to the consensus estimate of $0.80 million. Denison Mines had a net margin of 950.42% and a return on equity of 9.45%. As a group, sell-side analysts forecast that Denison Mines Corp. will post -0.06 earnings per share for the current year.

Denison Mines Profile

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.