Intact Investment Management Inc. Has $4.13 Million Stake in Denison Mines Corp. (NYSEAMERICAN:DNN)

Intact Investment Management Inc. increased its position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 39.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,361,200 shares of the basic materials company’s stock after purchasing an additional 671,800 shares during the period. Intact Investment Management Inc.’s holdings in Denison Mines were worth $4,134,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Denison Mines to a “sell” rating in a research report on Friday, April 5th.

Denison Mines Stock Performance

NYSEAMERICAN DNN traded up $0.06 during trading hours on Friday, hitting $2.03. 18,175,498 shares of the company traded hands, compared to its average volume of 15,858,640. Denison Mines Corp. has a twelve month low of $1.00 and a twelve month high of $2.25. The stock has a market capitalization of $1.81 billion, a PE ratio of 25.38 and a beta of 1.68.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last released its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. Denison Mines had a return on equity of 17.41% and a net margin of 1,069.10%. The company had revenue of $0.80 million during the quarter. As a group, research analysts forecast that Denison Mines Corp. will post -0.01 EPS for the current year.

About Denison Mines

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.