Northwest & Ethical Investments L.P. Acquires Shares of 53,518 Denison Mines Corp. (NYSEAMERICAN:DNN)

Northwest & Ethical Investments L.P. bought a new position in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 53,518 shares of the basic materials company’s stock, valued at approximately $97,000.

A number of other institutional investors have also recently bought and sold shares of DNN. Tidal Investments LLC boosted its stake in Denison Mines by 53.9% in the 1st quarter. Tidal Investments LLC now owns 40,049 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 14,018 shares during the period. Cetera Investment Advisers bought a new position in shares of Denison Mines during the 1st quarter valued at $1,758,000. Accordant Advisory Group Inc purchased a new position in Denison Mines in the 2nd quarter worth $699,000. Legacy Capital Group California Inc. lifted its stake in Denison Mines by 131.7% in the second quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 13,248 shares during the last quarter. Finally, RPS Advisory Solutions LLC purchased a new stake in Denison Mines during the second quarter valued at about $46,000. Institutional investors own 36.74% of the company’s stock.

Denison Mines Stock Up 2.6 %

Shares of Denison Mines stock opened at $2.36 on Friday. The firm has a 50-day simple moving average of $2.00. Denison Mines Corp. has a 52 week low of $1.40 and a 52 week high of $2.47. The stock has a market capitalization of $2.11 billion, a P/E ratio of -236.00 and a beta of 1.69.

Wall Street Analysts Forecast Growth

DNN has been the topic of several analyst reports. BMO Capital Markets upgraded Denison Mines from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 25th. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. CIBC began coverage on shares of Denison Mines in a research report on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 target price on the stock. Finally, Roth Mkm reissued a “buy” rating and set a $2.75 price target (up from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $3.00.

Denison Mines Company 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.