Denison Mines Corp. (NYSEAMERICAN:DNN) Stock Holdings Decreased by Connective Capital Management LLC

Connective Capital Management LLC decreased its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 14.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 265,382 shares of the basic materials company’s stock after selling 43,403 shares during the period. Denison Mines comprises about 0.9% of Connective Capital Management LLC’s investment portfolio, making the stock its 20th biggest holding. Connective Capital Management LLC’s holdings in Denison Mines were worth $528,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. &PARTNERS bought a new position in Denison Mines in the first quarter worth about $34,000. Legacy Capital Group California Inc. lifted its holdings in shares of Denison Mines by 131.7% in the 2nd 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. RPS Advisory Solutions LLC acquired a new position in Denison Mines during the 2nd quarter valued at approximately $46,000. Toronto Dominion Bank grew its stake in Denison Mines by 39.4% during the 2nd quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock worth $48,000 after buying an additional 6,777 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Denison Mines in the first quarter worth $51,000. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Thursday. Roth Mkm started coverage on Denison Mines in a research report on Thursday, June 27th. They issued a “buy” rating and a $2.60 target price on the stock. BMO Capital Markets upgraded Denison Mines from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 25th. Roth Capital raised Denison Mines to a “strong-buy” rating in a report on Thursday, June 27th. Finally, National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. One research 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, Denison Mines presently has an average rating of “Buy” and a consensus target price of $2.93.

Denison Mines Price Performance

DNN opened at $1.87 on Monday. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 26.71 and a beta of 1.70. The firm has a fifty day simple moving average of $1.98. Denison Mines Corp. has a 12-month low of $1.40 and a 12-month high of $2.47.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last issued its earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $0.97 million for the quarter, compared to the consensus estimate of $0.80 million. Denison Mines had a return on equity of 9.45% and a net margin of 950.42%. On average, equities analysts expect that Denison Mines Corp. will post -0.06 earnings per share for the current year.

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.