Azarias Capital Management L.P. Buys 165,000 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

Azarias Capital Management L.P. increased its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 6.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,910,404 shares of the basic materials company’s stock after purchasing an additional 165,000 shares during the quarter. Denison Mines accounts for 2.4% of Azarias Capital Management L.P.’s holdings, making the stock its 19th biggest holding. Azarias Capital Management L.P.’s holdings in Denison Mines were worth $5,675,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Denison Mines during the 1st quarter valued at approximately $366,000. &PARTNERS bought a new position in Denison Mines in the 1st quarter valued at $34,000. Confluence Investment Management LLC bought a new position in Denison Mines in the 1st quarter valued at $482,000. Quadrature Capital Ltd bought a new position in Denison Mines in the 4th quarter valued at $1,492,000. Finally, Virtu Financial LLC grew its position in Denison Mines by 95.7% in the 4th quarter. Virtu Financial LLC now owns 197,401 shares of the basic materials company’s stock valued at $349,000 after acquiring an additional 96,553 shares during the last quarter. Institutional investors own 36.74% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on DNN shares. Roth Mkm started coverage on Denison Mines in a research report on Thursday, June 27th. They issued a “buy” rating and a $2.60 price objective on the stock. Scotiabank raised Denison Mines to a “strong-buy” rating in a research report on Tuesday. Roth Capital raised Denison Mines to a “strong-buy” rating in a research report on Thursday, June 27th. Finally, StockNews.com raised Denison Mines to a “sell” rating in a research report on Sunday, May 19th. One research analyst has rated the stock with a sell rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $2.60.

Denison Mines Price Performance

Shares of DNN stock remained flat at $2.12 during mid-day trading on Thursday. The company’s stock had a trading volume of 8,538,253 shares, compared to its average volume of 13,349,246. Denison Mines Corp. has a twelve month low of $1.15 and a twelve month high of $2.47. The stock has a market cap of $1.89 billion, a PE ratio of 30.29 and a beta of 1.73.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last issued its earnings results on Wednesday, May 8th. The basic materials company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). Denison Mines had a return on equity of 12.96% and a net margin of 888.36%. The business had revenue of $0.62 million during the quarter. Analysts forecast that Denison Mines Corp. will post -0.06 EPS for the current fiscal year.

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.