Old West Investment Management LLC Has $2.86 Million Stake in Denison Mines Corp. (NYSEAMERICAN:DNN)

Old West Investment Management LLC increased its stake in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,437,886 shares of the basic materials company’s stock after purchasing an additional 17,648 shares during the period. Denison Mines makes up 1.3% of Old West Investment Management LLC’s holdings, making the stock its 23rd largest position. Old West Investment Management LLC owned approximately 0.16% of Denison Mines worth $2,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. MMCAP International Inc. SPC raised its holdings in shares of Denison Mines by 37.7% in the fourth quarter. MMCAP International Inc. SPC now owns 31,390,336 shares of the basic materials company’s stock valued at $54,148,000 after purchasing an additional 8,592,121 shares during the last quarter. Van ECK Associates Corp grew its position in Denison Mines by 39.9% in the second quarter. Van ECK Associates Corp now owns 7,405,225 shares of the basic materials company’s stock valued at $14,748,000 after purchasing an additional 2,111,912 shares in the last quarter. Vident Advisory LLC increased its stake in Denison Mines by 15.0% in the 1st quarter. Vident Advisory LLC now owns 6,764,463 shares of the basic materials company’s stock valued at $13,191,000 after buying an additional 884,599 shares during the last quarter. Azarias Capital Management L.P. lifted its position in Denison Mines by 17.0% during the 2nd quarter. Azarias Capital Management L.P. now owns 3,406,586 shares of the basic materials company’s stock worth $6,779,000 after buying an additional 496,182 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its stake in shares of Denison Mines by 3.6% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 2,885,759 shares of the basic materials company’s stock worth $5,108,000 after buying an additional 101,120 shares during the last quarter. Institutional investors own 36.74% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DNN. StockNews.com raised Denison Mines to a “sell” rating in a research report on Wednesday, July 31st. Roth Mkm started coverage on Denison Mines in a research report on Thursday, June 27th. They set a “buy” rating and a $2.60 price target on the stock. National Bank Financial raised Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. Roth Capital raised shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, June 27th. Finally, Scotiabank raised shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, one has given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $2.60.

Denison Mines Stock Performance

DNN stock opened at $1.56 on Tuesday. Denison Mines Corp. has a one year low of $1.40 and a one year high of $2.47. The company has a market capitalization of $1.39 billion, a PE ratio of 22.21 and a beta of 1.70. The stock’s fifty day moving average is $1.98.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last posted its earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). Denison Mines had a net margin of 950.42% and a return on equity of 9.45%. The company had revenue of $0.97 million during the quarter, compared to analysts’ expectations of $0.80 million. Research analysts expect that Denison Mines Corp. will post -0.06 EPS for the current fiscal year.

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.