Prescott Group Capital Management L.L.C. Buys Shares of 761,412 Denison Mines Corp. (NYSEAMERICAN:DNN)

Prescott Group Capital Management L.L.C. purchased a new position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 761,412 shares of the basic materials company’s stock, valued at approximately $1,371,000.

Several other hedge funds and other institutional investors have also modified their holdings of DNN. Segra Capital Management LLC boosted its stake in shares of Denison Mines by 124.8% in the third quarter. Segra Capital Management LLC now owns 18,268,562 shares of the basic materials company’s stock valued at $33,431,000 after purchasing an additional 10,140,540 shares during the period. Van ECK Associates Corp lifted its holdings in Denison Mines by 43.3% during the 4th quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company’s stock worth $37,595,000 after buying an additional 6,305,332 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Denison Mines by 499.0% in the 3rd 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 during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Denison Mines by 41.3% in 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 acquiring an additional 963,100 shares in the last quarter. Finally, XTX Topco Ltd boosted its holdings in Denison Mines by 6,560.7% in the third quarter. XTX Topco Ltd now owns 802,020 shares of the basic materials company’s stock valued at $1,468,000 after purchasing an additional 789,979 shares during the period. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

Denison Mines Price Performance

DNN opened at $1.43 on Friday. The business’s fifty day moving average is $1.82. Denison Mines Corp. has a 12 month low of $1.33 and a 12 month high of $2.47. The firm has a market cap of $1.28 billion, a PE ratio of -143.00 and a beta of 1.75.

Denison Mines 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.