Denison Mines Corp. (NYSEAMERICAN:DNN) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 41.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,292,900 shares of the basic materials company’s stock after purchasing an additional 963,100 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Denison Mines were worth $5,989,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DNN. Aigen Investment Management LP increased its stake in Denison Mines by 32.4% during the 3rd quarter. Aigen Investment Management LP now owns 192,983 shares of the basic materials company’s stock worth $351,000 after buying an additional 47,252 shares in the last quarter. Confluence Investment Management LLC raised its stake in Denison Mines by 5.9% in the 3rd quarter. Confluence Investment Management LLC now owns 257,386 shares of the basic materials company’s stock valued at $471,000 after purchasing an additional 14,247 shares during the last quarter. Arlington Capital Management Inc. lifted its holdings in Denison Mines by 3.2% in the 3rd quarter. Arlington Capital Management Inc. now owns 441,192 shares of the basic materials company’s stock valued at $807,000 after purchasing an additional 13,481 shares in the last quarter. Van ECK Associates Corp boosted its stake in Denison Mines by 96.8% during the 3rd quarter. Van ECK Associates Corp now owns 14,574,159 shares of the basic materials company’s stock worth $26,671,000 after purchasing an additional 7,168,934 shares during the last quarter. Finally, Legacy Capital Group California Inc. grew its holdings in shares of Denison Mines by 47.5% during the third quarter. Legacy Capital Group California Inc. now owns 34,372 shares of the basic materials company’s stock worth $63,000 after buying an additional 11,066 shares in the last quarter. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Analyst Upgrades and Downgrades

DNN has been the topic of several research reports. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. StockNews.com upgraded Denison Mines to a “sell” rating in a report on Wednesday, July 31st. CIBC initiated coverage on Denison Mines in a report on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 price target for the company. Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. Finally, Roth Mkm restated a “buy” rating and issued a $2.75 target price (up from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. One investment 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 data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $3.00.

Denison Mines Trading Up 0.8 %

DNN stock opened at $2.38 on Friday. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of -236.00 and a beta of 1.69. Denison Mines Corp. has a one year low of $1.40 and a one year high of $2.47. The firm’s 50 day moving average price is $1.99.

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.