Private Advisor Group LLC Increases Holdings in Denison Mines Corp. (NYSEAMERICAN:DNN)

Private Advisor Group LLC boosted its position in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 82.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,000 shares of the basic materials company’s stock after purchasing an additional 52,500 shares during the period. Private Advisor Group LLC’s holdings in Denison Mines were worth $205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DNN. Glenorchy Capital Ltd acquired a new position in Denison Mines during the fourth quarter worth about $25,000. Sigma Planning Corp purchased a new stake in Denison Mines in the 3rd quarter valued at approximately $32,000. FNY Investment Advisers LLC acquired a new stake in Denison Mines during the 4th quarter valued at $34,000. Anchor Investment Management LLC purchased a new position in Denison Mines during the fourth quarter worth $46,000. Finally, Mutual Advisors LLC raised its holdings in shares of Denison Mines by 73.4% in the third quarter. Mutual Advisors LLC now owns 28,312 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 11,982 shares during the last quarter. 36.74% of the stock is owned by institutional investors and hedge funds.

Denison Mines Trading Up 3.6 %

Shares of NYSEAMERICAN DNN opened at $2.32 on Friday. The company has a market cap of $2.07 billion, a P/E ratio of 33.14 and a beta of 1.67. Denison Mines Corp. has a 1 year low of $1.00 and a 1 year high of $2.33.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last announced its quarterly earnings data on Wednesday, May 8th. The basic materials company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). Denison Mines had a return on equity of 12.96% and a net margin of 888.36%. The business had revenue of $0.62 million during the quarter. Sell-side analysts anticipate that Denison Mines Corp. will post -0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Denison Mines to a “sell” rating in a research report on Sunday, May 19th.

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.