Deuterium Capital Management LLC Raises Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Deuterium Capital Management LLC increased its stake in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 41.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 170,000 shares of the basic materials company’s stock after purchasing an additional 50,000 shares during the quarter. Deuterium Capital Management LLC’s holdings in Denison Mines were worth $212,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Denison Mines by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 292,869 shares of the basic materials company’s stock worth $335,000 after buying an additional 8,335 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Denison Mines by 2.8% in the fourth quarter. Mackenzie Financial Corp now owns 342,449 shares of the basic materials company’s stock worth $391,000 after acquiring an additional 9,267 shares during the period. Raymond James & Associates grew its position in shares of Denison Mines by 24.6% in the first quarter. Raymond James & Associates now owns 55,640 shares of the basic materials company’s stock valued at $89,000 after purchasing an additional 11,000 shares in the last quarter. UBS Group AG raised its stake in shares of Denison Mines by 0.9% during the 4th quarter. UBS Group AG now owns 1,366,694 shares of the basic materials company’s stock valued at $1,572,000 after purchasing an additional 12,536 shares during the period. Finally, Credit Suisse AG lifted its holdings in shares of Denison Mines by 2.3% in the second quarter. Credit Suisse AG now owns 570,023 shares of the basic materials company’s stock worth $554,000 after buying an additional 13,038 shares in the last quarter. Hedge funds and other institutional investors own 30.93% of the company’s stock.

Denison Mines Price Performance

NYSEAMERICAN:DNN traded down $0.03 during mid-day trading on Tuesday, reaching $1.82. 2,506,445 shares of the company’s stock traded hands, compared to its average volume of 5,827,794. Denison Mines Corp. has a 12-month low of $0.92 and a 12-month high of $1.86. The company has a market cap of $1.61 billion, a PE ratio of 36.70 and a beta of 1.79.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last issued its earnings results on Wednesday, November 8th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.06. Denison Mines had a net margin of 489.06% and a return on equity of 10.68%. The company had revenue of $2.07 million for the quarter. Analysts expect that Denison Mines Corp. will post 0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DNN shares. StockNews.com upgraded Denison Mines to a “sell” rating in a research report on Friday, October 20th. TheStreet raised shares of Denison Mines from a “c” rating to a “b-” rating in a research note on Thursday, November 9th.

Denison Mines Company Profile

Denison Mines Corp. operates as a uranium exploration and development company in Canada. Its flagship project is the 95% interest owned 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.