BNP Paribas Financial Markets Buys New Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

BNP Paribas Financial Markets purchased a new stake in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 275,918 shares of the basic materials company’s stock, valued at approximately $505,000.

Several other institutional investors have also added to or reduced their stakes in DNN. Goehring & Rozencwajg Associates LLC grew its holdings in shares of Denison Mines by 15.5% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 3,579,830 shares of the basic materials company’s stock valued at $7,124,000 after buying an additional 479,600 shares during the last quarter. Azarias Capital Management L.P. grew its stake in Denison Mines by 17.0% during the 2nd quarter. Azarias Capital Management L.P. now owns 3,406,586 shares of the basic materials company’s stock valued at $6,779,000 after purchasing an additional 496,182 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Denison Mines by 499.0% in 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 purchasing an additional 3,438,790 shares during the period. Van ECK Associates Corp raised its stake in shares of Denison Mines by 39.9% in the second quarter. Van ECK Associates Corp now owns 7,405,225 shares of the basic materials company’s stock worth $14,748,000 after purchasing an additional 2,111,912 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Denison Mines by 8.2% during the second quarter. CIBC Asset Management Inc now owns 1,041,079 shares of the basic materials company’s stock worth $2,084,000 after purchasing an additional 78,963 shares during the period. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mines Price Performance

Denison Mines stock opened at $2.09 on Friday. The business’s fifty day simple moving average is $2.02. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -208.50 and a beta of 1.71. Denison Mines Corp. has a 52-week low of $1.40 and a 52-week high of $2.47.

Analysts Set New Price Targets

DNN has been the subject of a number of research reports. Roth Mkm restated a “buy” rating and set a $2.75 target price (up from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. CIBC assumed coverage on Denison Mines in a report on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 target price on the stock. BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 25th. Finally, Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $3.00.

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.