Hood River Capital Management LLC Has $50.28 Million Stock Holdings in Denison Mines Corp. (NYSEAMERICAN:DNN)

Hood River Capital Management LLC increased its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 9.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,263,766 shares of the basic materials company’s stock after acquiring an additional 2,138,603 shares during the period. Hood River Capital Management LLC owned about 2.83% of Denison Mines worth $50,275,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DNN. Avantax Advisory Services Inc. raised its holdings in shares of Denison Mines by 47.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 18,600 shares of the basic materials company’s stock valued at $33,000 after buying an additional 6,000 shares during the last quarter. &PARTNERS bought a new position in shares of Denison Mines in the first quarter worth about $34,000. Legacy Capital Group California Inc. lifted its position in shares of Denison Mines by 131.7% during the second 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 in the last quarter. RPS Advisory Solutions LLC bought a new stake in shares of Denison Mines during the second quarter valued at approximately $46,000. Finally, Headlands Technologies LLC bought a new stake in shares of Denison Mines during the first quarter valued at approximately $51,000. Institutional investors own 36.74% of the company’s stock.

Wall Street Analyst Weigh In

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

Denison Mines Trading Up 7.0 %

NYSEAMERICAN:DNN opened at $1.69 on Monday. Denison Mines Corp. has a 52-week low of $1.40 and a 52-week high of $2.47. The firm has a market capitalization of $1.51 billion, a P/E ratio of 24.14 and a beta of 1.70. The firm has a 50-day moving average of $1.98.

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

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.