Goehring & Rozencwajg Associates LLC Buys 479,600 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

Goehring & Rozencwajg Associates LLC lifted its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 15.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,579,830 shares of the basic materials company’s stock after purchasing an additional 479,600 shares during the quarter. Denison Mines comprises 1.4% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 29th biggest holding. Goehring & Rozencwajg Associates LLC owned about 0.40% of Denison Mines worth $7,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in DNN. MMCAP International Inc. SPC boosted its position in shares of Denison Mines by 37.7% during the 4th quarter. MMCAP International Inc. SPC now owns 31,390,336 shares of the basic materials company’s stock worth $54,148,000 after purchasing an additional 8,592,121 shares in the last quarter. Van ECK Associates Corp increased its stake in Denison Mines by 39.9% in the 2nd quarter. Van ECK Associates Corp now owns 7,405,225 shares of the basic materials company’s stock valued at $14,748,000 after buying an additional 2,111,912 shares during the last quarter. Crestline Management LP purchased a new stake in shares of Denison Mines during the 4th quarter worth approximately $1,988,000. Cetera Investment Advisers purchased a new stake in shares of Denison Mines during the 1st quarter worth approximately $1,758,000. Finally, Vident Advisory LLC increased its stake in shares of Denison Mines by 15.0% during the 1st quarter. Vident Advisory LLC now owns 6,764,463 shares of the basic materials company’s stock worth $13,191,000 after purchasing an additional 884,599 shares during the last quarter. Institutional investors own 36.74% of the company’s stock.

Denison Mines Price Performance

Denison Mines stock opened at $1.52 on Thursday. Denison Mines Corp. has a 1-year low of $1.40 and a 1-year high of $2.47. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 21.64 and a beta of 1.70. The firm has a 50 day simple moving average of $1.98.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last released its quarterly earnings data on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). Denison Mines had a net margin of 950.42% and a return on equity of 9.45%. The business had revenue of $0.97 million during the quarter, compared to analyst estimates of $0.80 million. Equities research analysts anticipate that Denison Mines Corp. will post -0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Roth Capital upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, June 27th. Scotiabank upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, July 2nd. National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. StockNews.com upgraded shares of Denison Mines to a “sell” rating in a research note on Wednesday, July 31st. Finally, Roth Mkm assumed coverage on shares of Denison Mines in a research note on Thursday, June 27th. They issued a “buy” rating and a $2.60 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $2.60.

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.