Vantage Point Financial LLC Purchases New Holdings in Denison Mines Corp. (NYSEAMERICAN:DNN)

Vantage Point Financial LLC acquired a new position in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 18,620 shares of the basic materials company’s stock, valued at approximately $34,000.

Several other institutional investors also recently modified their holdings of DNN. Confluence Investment Management LLC boosted its holdings in Denison Mines by 3.8% during the fourth 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 in the last quarter. Legacy Capital Group California Inc. lifted its position in shares of Denison Mines by 47.5% during the 3rd quarter. Legacy Capital Group California Inc. now owns 34,372 shares of the basic materials company’s stock worth $63,000 after buying an additional 11,066 shares during the period. SevenBridge Financial Group LLC boosted its stake in Denison Mines by 54.2% in the 3rd quarter. SevenBridge Financial Group LLC now owns 37,000 shares of the basic materials company’s stock valued at $68,000 after buying an additional 13,000 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Denison Mines by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 689,160 shares of the basic materials company’s stock valued at $1,378,000 after acquiring an additional 13,144 shares during the period. Finally, Toronto Dominion Bank raised its stake in Denison Mines by 55.5% during the third quarter. Toronto Dominion Bank now owns 37,266 shares of the basic materials company’s stock worth $68,000 after acquiring an additional 13,297 shares in the last quarter. Institutional investors and hedge funds own 36.74% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Mkm reissued a “buy” rating and issued a $2.75 target price (up from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. One 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 stock. According to MarketBeat.com, Denison Mines currently has a consensus rating of “Buy” and a consensus price target of $3.00.

Denison Mines Stock Performance

Shares of NYSEAMERICAN DNN opened at $1.75 on Tuesday. The firm’s 50 day moving average price is $1.99. The firm has a market capitalization of $1.57 billion, a PE ratio of -175.00 and a beta of 1.75. Denison Mines Corp. has a 52-week low of $1.40 and a 52-week high of $2.47.

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.