Van ECK Associates Corp Purchases 6,305,332 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

Van ECK Associates Corp raised its position in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 43.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,879,491 shares of the basic materials company’s stock after purchasing an additional 6,305,332 shares during the period. Van ECK Associates Corp’s holdings in Denison Mines were worth $37,595,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Vantage Point Financial LLC bought a new position in shares of Denison Mines in the fourth quarter valued at approximately $34,000. Fiduciary Family Office LLC purchased a new position in Denison Mines in the fourth quarter worth $50,000. Confluence Investment Management LLC grew its stake in Denison Mines by 3.8% in the 4th quarter. Confluence Investment Management LLC now owns 267,217 shares of the basic materials company’s stock valued at $481,000 after purchasing an additional 9,831 shares during the period. Toronto Dominion Bank increased its position in shares of Denison Mines by 55.5% during the 3rd quarter. Toronto Dominion Bank now owns 37,266 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 13,297 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Denison Mines by 8.8% during the 3rd quarter. Geode Capital Management LLC now owns 420,723 shares of the basic materials company’s stock worth $769,000 after purchasing an additional 34,192 shares during the period. Institutional investors own 36.74% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm restated a “buy” rating and set a $2.75 price target (up previously from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. One 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $3.00.

Denison Mines Trading Down 0.6 %

Denison Mines stock opened at $1.75 on Friday. The firm has a 50 day moving average price of $1.97. Denison Mines Corp. has a 12 month low of $1.40 and a 12 month high of $2.47. The stock has a market capitalization of $1.57 billion, a P/E ratio of -175.00 and a beta of 1.75.

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.