Pictet Asset Management Holding SA Purchases 25,746 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

Pictet Asset Management Holding SA grew its position in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 18.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 166,179 shares of the basic materials company’s stock after acquiring an additional 25,746 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Denison Mines were worth $302,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vantage Point Financial LLC bought a new stake in Denison Mines in the fourth quarter valued at about $34,000. Commonwealth Equity Services LLC raised its holdings in shares of Denison Mines by 74.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company’s stock worth $36,000 after buying an additional 8,500 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in shares of Denison Mines during the 4th quarter worth approximately $49,000. Fiduciary Family Office LLC acquired a new stake in Denison Mines in the 4th quarter valued at $50,000. Finally, Continuum Advisory LLC grew its position in Denison Mines by 78.5% in the third quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 14,688 shares during the period. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mines Stock Down 4.6 %

Shares of NYSEAMERICAN DNN opened at $1.24 on Friday. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -124.00 and a beta of 1.75. Denison Mines Corp. has a 12-month low of $1.08 and a 12-month high of $2.47. The firm’s 50-day simple moving average is $1.51 and its 200 day simple moving average is $1.85.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DNN shares. Desjardins initiated coverage on Denison Mines in a report on Friday, April 4th. They set a “buy” rating for the company. Scotiabank reissued an “outperform” rating on shares of Denison Mines in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $3.00.

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.