Geode Capital Management LLC Has $769,000 Stake in Denison Mines Corp. (NYSEAMERICAN:DNN)

Geode Capital Management LLC raised its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 8.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 420,723 shares of the basic materials company’s stock after buying an additional 34,192 shares during the quarter. Geode Capital Management LLC’s holdings in Denison Mines were worth $769,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Segra Capital Management LLC increased its position in shares of Denison Mines by 124.8% in the 3rd quarter. Segra Capital Management LLC now owns 18,268,562 shares of the basic materials company’s stock valued at $33,431,000 after buying an additional 10,140,540 shares in the last quarter. Impala Asset Management LLC acquired a new position in Denison Mines in the third quarter valued at about $1,076,000. Continuum Advisory LLC increased its holdings in shares of Denison Mines by 78.5% in the third quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 14,688 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Denison Mines during the third quarter worth about $423,000. Finally, XTX Topco Ltd lifted its holdings in shares of Denison Mines by 6,560.7% during the 3rd quarter. XTX Topco Ltd now owns 802,020 shares of the basic materials company’s stock valued at $1,468,000 after purchasing an additional 789,979 shares in the last quarter. 36.74% of the stock is owned by institutional investors.

Denison Mines Stock Performance

Shares of DNN stock opened at $1.95 on Friday. Denison Mines Corp. has a 12 month low of $1.40 and a 12 month high of $2.47. The stock has a fifty day simple moving average of $2.00. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -195.00 and a beta of 1.71.

Analysts Set New Price Targets

A number of analysts recently issued reports on DNN shares. Roth Mkm reissued a “buy” rating and set a $2.75 target price (up from $2.60) on shares of Denison Mines in a research note on Wednesday, October 23rd. CIBC began coverage on shares of Denison Mines in a research report on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 price objective for the company. BMO Capital Markets upgraded shares of 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 equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Denison Mines presently has a consensus rating of “Buy” and an average price target of $3.00.

Denison Mines 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.