Toronto Dominion Bank Grows Stock Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Toronto Dominion Bank boosted its position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 55.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,266 shares of the basic materials company’s stock after purchasing an additional 13,297 shares during the period. Toronto Dominion Bank’s holdings in Denison Mines were worth $68,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC purchased a new stake in Denison Mines during the 3rd quarter worth approximately $27,000. RPS Advisory Solutions LLC acquired a new stake in Denison Mines during the second quarter worth about $46,000. Legacy Capital Group California Inc. increased its stake in shares of Denison Mines by 131.7% in the second quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 13,248 shares during the period. Continuum Advisory LLC raised its holdings in shares of Denison Mines by 78.5% during the third quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company’s stock valued at $61,000 after buying an additional 14,688 shares during the last quarter. Finally, SevenBridge Financial Group LLC boosted its position in shares of Denison Mines by 54.2% during the third quarter. SevenBridge Financial Group LLC now owns 37,000 shares of the basic materials company’s stock worth $68,000 after buying an additional 13,000 shares during the period. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Analysts Set New Price Targets

DNN has been the topic of several analyst reports. BMO Capital Markets upgraded Denison Mines from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 25th. National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. Roth Mkm reissued a “buy” rating and set a $2.75 target price (up previously from $2.60) on shares of Denison Mines in a research note on Wednesday, October 23rd. Finally, CIBC initiated coverage on shares of Denison Mines in a research note on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, Denison Mines has a consensus rating of “Buy” and a consensus target price of $3.00.

Denison Mines Price Performance

Shares of DNN stock opened at $2.05 on Tuesday. The company’s 50-day moving average price is $2.02. Denison Mines Corp. has a fifty-two week low of $1.40 and a fifty-two week high of $2.47. The company has a market capitalization of $1.83 billion, a PE ratio of -205.00 and a beta of 1.71.

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.