Connor Clark & Lunn Investment Management Ltd. Raises Stock Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 41.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,292,900 shares of the basic materials company’s stock after buying an additional 963,100 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.37% of Denison Mines worth $5,989,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DNN. RPS Advisory Solutions LLC bought a new position in Denison Mines during the second quarter valued at $46,000. Legacy Capital Group California Inc. boosted its stake in shares of Denison Mines by 131.7% during the 2nd quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 13,248 shares during the period. Toronto Dominion Bank grew its holdings 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. Tidal Investments LLC raised its position in Denison Mines by 53.9% in the 1st quarter. Tidal Investments LLC now owns 40,049 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 14,018 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Denison Mines in the third quarter worth about $154,000. Institutional investors own 36.74% of the company’s stock.

Analyst Ratings Changes

DNN has been the topic of a number of research analyst reports. Roth Mkm restated a “buy” rating and issued a $2.75 price target (up from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 25th. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. Finally, StockNews.com raised Denison Mines to a “sell” rating in a research report on Wednesday, July 31st. One investment 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. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $3.00.

Denison Mines Stock Performance

NYSEAMERICAN:DNN opened at $2.38 on Friday. The stock’s 50 day moving average is $1.99. The stock has a market cap of $2.12 billion, a P/E ratio of -236.00 and a beta of 1.69. Denison Mines Corp. has a twelve month low of $1.40 and a twelve month high of $2.47.

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.