Sprott Inc. Has $1.32 Million Stock Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Sprott Inc. lowered its position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 41.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 732,166 shares of the basic materials company’s stock after selling 519,665 shares during the quarter. Sprott Inc.’s holdings in Denison Mines were worth $1,318,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DNN. Segra Capital Management LLC grew its position in Denison Mines by 124.8% during the 3rd quarter. Segra Capital Management LLC now owns 18,268,562 shares of the basic materials company’s stock worth $33,431,000 after purchasing an additional 10,140,540 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Denison Mines by 96.8% in the third quarter. Van ECK Associates Corp now owns 14,574,159 shares of the basic materials company’s stock worth $26,671,000 after buying an additional 7,168,934 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Denison Mines by 499.0% during the third quarter. The Manufacturers Life Insurance Company now owns 4,127,950 shares of the basic materials company’s stock valued at $7,514,000 after buying an additional 3,438,790 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Denison Mines by 41.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,292,900 shares of the basic materials company’s stock valued at $5,989,000 after buying an additional 963,100 shares during the period. Finally, XTX Topco Ltd lifted its stake in Denison Mines by 6,560.7% in the 3rd quarter. XTX Topco Ltd now owns 802,020 shares of the basic materials company’s stock worth $1,468,000 after acquiring an additional 789,979 shares in the last quarter. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Denison Mines Price Performance

Shares of NYSEAMERICAN DNN opened at $1.48 on Wednesday. Denison Mines Corp. has a one year low of $1.40 and a one year high of $2.47. The business’s 50-day simple moving average is $1.90. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -148.00 and a beta of 1.75.

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.