Triasima Portfolio Management inc. Purchases New Position in Denison Mine Corp $DNN

by · The Cerbat Gem

Triasima Portfolio Management inc. bought a new stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN – Free Report) (TSE:DML) during the third quarter, Holdings Channel.com reports. The fund bought 566,320 shares of the basic materials company’s stock, valued at approximately $1,559,000.

Several other institutional investors have also recently made changes to their positions in the stock. Cetera Investment Advisers increased its position in shares of Denison Mine by 0.6% during the second quarter. Cetera Investment Advisers now owns 954,140 shares of the basic materials company’s stock valued at $1,737,000 after buying an additional 5,452 shares during the period. Scotia Capital Inc. lifted its position in Denison Mine by 2.5% in the 2nd quarter. Scotia Capital Inc. now owns 240,107 shares of the basic materials company’s stock worth $437,000 after buying an additional 5,818 shares during the last quarter. WealthShield Partners LLC grew its holdings in shares of Denison Mine by 50.0% during the 2nd quarter. WealthShield Partners LLC now owns 18,000 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 6,000 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Denison Mine by 24.2% in the 2nd quarter. Osaic Holdings Inc. now owns 54,647 shares of the basic materials company’s stock valued at $99,000 after acquiring an additional 10,637 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Denison Mine by 29.4% in the second quarter. Envestnet Asset Management Inc. now owns 55,962 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 12,705 shares during the last quarter. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Denison Mine Stock Down 0.9%

Shares of Denison Mine stock opened at $3.66 on Tuesday. The company has a 50-day simple moving average of $2.79 and a two-hundred day simple moving average of $2.56. Denison Mine Corp has a 52-week low of $1.08 and a 52-week high of $3.80. The company has a debt-to-equity ratio of 1.49, a quick ratio of 11.78 and a current ratio of 11.97. The stock has a market capitalization of $3.30 billion, a PE ratio of -24.55 and a beta of 1.25.

Analyst Ratings Changes

Separately, Raymond James Financial reaffirmed an “outperform” rating on shares of Denison Mine in a research report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Get Our Latest Analysis on Denison Mine

Denison Mine Profile

(Free Report)

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.

See Also

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