Fiduciary Family Office LLC Purchases Shares of 28,000 Denison Mines Corp. (NYSEAMERICAN:DNN)

Fiduciary Family Office LLC purchased a new position in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 28,000 shares of the basic materials company’s stock, valued at approximately $50,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DNN. Dimensional Fund Advisors LP lifted its stake in Denison Mines by 20.3% in the second quarter. Dimensional Fund Advisors LP now owns 784,554 shares of the basic materials company’s stock worth $1,562,000 after purchasing an additional 132,141 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Denison Mines by 0.5% in the second quarter. Point72 Asset Management L.P. now owns 10,135,800 shares of the basic materials company’s stock valued at $20,170,000 after acquiring an additional 46,000 shares during the period. Toronto Dominion Bank raised its position in Denison Mines by 39.4% during the 2nd quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 6,777 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Denison Mines by 1.9% during the second quarter. The Manufacturers Life Insurance Company now owns 689,160 shares of the basic materials company’s stock valued at $1,378,000 after acquiring an additional 13,144 shares in the last quarter. Finally, Lloyd Harbor Capital Management LLC lifted its stake in Denison Mines by 168.5% in the second quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company’s stock worth $12,288,000 after acquiring an additional 3,875,016 shares during the period. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on DNN. Roth Mkm reaffirmed a “buy” rating and set a $2.75 price objective (up from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 25th. Finally, CIBC initiated coverage on shares of Denison Mines in a report on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Denison Mines currently has a consensus rating of “Buy” and a consensus price target of $3.00.

Denison Mines Stock Up 4.1 %

NYSEAMERICAN:DNN opened at $2.04 on Thursday. The stock has a 50 day moving average of $2.00. Denison Mines Corp. has a 12 month low of $1.40 and a 12 month high of $2.47.

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.