Denison Mine Corp $DNN Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 13.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 102,180 shares of the basic materials company’s stock after buying an additional 12,050 shares during the period. HighTower Advisors LLC’s holdings in Denison Mine were worth $133,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC acquired a new stake in Denison Mine in the 1st quarter worth about $26,000. Bayesian Capital Management LP acquired a new stake in Denison Mine in the 4th quarter worth about $44,000. Envestnet Asset Management Inc. boosted its stake in Denison Mine by 35.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 33,633 shares of the basic materials company’s stock worth $61,000 after buying an additional 8,783 shares during the last quarter. Aptus Capital Advisors LLC acquired a new position in shares of Denison Mine in the 4th quarter valued at about $67,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Denison Mine in the 1st quarter valued at about $93,000. 36.74% of the stock is owned by institutional investors and hedge funds.

Denison Mine Stock Performance

Shares of NYSEAMERICAN:DNN opened at $2.35 on Friday. The company has a market cap of $2.11 billion, a P/E ratio of -39.17 and a beta of 1.38. Denison Mine Corp has a one year low of $1.08 and a one year high of $2.47. The business’s 50-day simple moving average is $2.06 and its 200 day simple moving average is $1.70.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DNN. Desjardins raised Denison Mine to a “moderate buy” rating in a research note on Monday, August 18th. Scotiabank reaffirmed an “outperform” rating on shares of Denison Mine in a research note on Thursday, August 7th. Raymond James Financial reaffirmed an “outperform” rating on shares of Denison Mine in a research note on Monday, August 18th. National Bankshares reaffirmed an “outperform” rating on shares of Denison Mine in a research note on Monday, August 18th. Finally, TD Securities reaffirmed a “buy” rating on shares of Denison Mine in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to MarketBeat, Denison Mine presently has an average rating of “Buy” and an average price target of $3.00.

About Denison Mine

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.