Avantax Advisory Services Inc. Buys New Holdings in Denison Mines Corp. (NYSEAMERICAN:DNN)

Avantax Advisory Services Inc. purchased a new position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 27,150 shares of the basic materials company’s stock, valued at approximately $49,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in shares of Denison Mines by 43.3% during the fourth quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company’s stock worth $37,595,000 after acquiring an additional 6,305,332 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Denison Mines in the third quarter worth approximately $505,000. Prescott Group Capital Management L.L.C. bought a new position in shares of Denison Mines in the fourth quarter valued at approximately $1,371,000. National Bank of Canada FI lifted its holdings in shares of Denison Mines by 89.1% in the third quarter. National Bank of Canada FI now owns 935,567 shares of the basic materials company’s stock valued at $1,708,000 after purchasing an additional 440,921 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its position in shares of Denison Mines by 92.6% during the fourth quarter. Vontobel Holding Ltd. now owns 196,336 shares of the basic materials company’s stock valued at $356,000 after buying an additional 94,419 shares during the last quarter. Institutional investors own 36.74% of the company’s stock.

Denison Mines Trading Down 2.8 %

NYSEAMERICAN DNN opened at $1.39 on Friday. The firm has a market capitalization of $1.25 billion, a P/E ratio of -139.00 and a beta of 1.75. The business has a fifty day simple moving average of $1.67 and a 200 day simple moving average of $1.91. Denison Mines Corp. has a 12 month low of $1.27 and a 12 month high of $2.47.

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.