Azarias Capital Management L.P. Acquires 165,000 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

Azarias Capital Management L.P. raised its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 6.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,910,404 shares of the basic materials company’s stock after purchasing an additional 165,000 shares during the quarter. Denison Mines accounts for approximately 2.4% of Azarias Capital Management L.P.’s portfolio, making the stock its 19th largest position. Azarias Capital Management L.P. owned about 0.33% of Denison Mines worth $5,675,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DNN. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Denison Mines in the 1st quarter worth $366,000. &PARTNERS bought a new stake in shares of Denison Mines in the 1st quarter worth $34,000. Confluence Investment Management LLC bought a new stake in shares of Denison Mines in the 1st quarter worth $482,000. Quadrature Capital Ltd bought a new stake in shares of Denison Mines in the 4th quarter worth $1,492,000. Finally, Virtu Financial LLC grew its stake in shares of Denison Mines by 95.7% in the 4th quarter. Virtu Financial LLC now owns 197,401 shares of the basic materials company’s stock worth $349,000 after acquiring an additional 96,553 shares in the last quarter. Institutional investors own 36.74% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Scotiabank upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday. Roth Capital raised shares of Denison Mines to a “strong-buy” rating in a report on Thursday, June 27th. StockNews.com raised shares of Denison Mines to a “sell” rating in a report on Sunday, May 19th. Finally, Roth Mkm started coverage on shares of Denison Mines in a report on Thursday, June 27th. They issued a “buy” rating and a $2.60 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $2.60.

Denison Mines Stock Performance

NYSEAMERICAN DNN remained flat at $2.12 during trading on Thursday. 8,538,253 shares of the company’s stock traded hands, compared to its average volume of 13,349,246. The stock has a market capitalization of $1.89 billion, a P/E ratio of 30.29 and a beta of 1.73. Denison Mines Corp. has a 1-year low of $1.15 and a 1-year high of $2.47.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last released its quarterly earnings data on Wednesday, May 8th. The basic materials company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $0.62 million for the quarter. Denison Mines had a net margin of 888.36% and a return on equity of 12.96%. As a group, equities research analysts expect that Denison Mines Corp. will post -0.06 EPS for the current fiscal year.

About Denison Mines

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.