HTLF Bank Has $340,000 Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

HTLF Bank decreased its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 64.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,000 shares of the basic materials company’s stock after selling 336,000 shares during the quarter. HTLF Bank’s holdings in Denison Mines were worth $340,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in Denison Mines during the third quarter worth approximately $154,000. Cetera Investment Advisers increased its stake in shares of Denison Mines by 2.5% during the second quarter. Cetera Investment Advisers now owns 923,715 shares of the basic materials company’s stock worth $1,838,000 after purchasing an additional 22,405 shares during the period. Point72 Asset Management L.P. lifted its holdings in Denison Mines by 0.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 10,135,800 shares of the basic materials company’s stock worth $20,170,000 after purchasing an additional 46,000 shares during the last quarter. Lloyd Harbor Capital Management LLC lifted its holdings in Denison Mines by 168.5% during the 2nd quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company’s stock worth $12,288,000 after purchasing an additional 3,875,016 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Denison Mines by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 689,160 shares of the basic materials company’s stock valued at $1,378,000 after purchasing an additional 13,144 shares during the period. 36.74% of the stock is owned by institutional investors.

Denison Mines Price Performance

Denison Mines stock opened at $1.94 on Wednesday. The firm has a 50 day moving average price of $1.98. The firm has a market capitalization of $1.73 billion, a P/E ratio of 32.25 and a beta of 1.71. Denison Mines Corp. has a 1 year low of $1.40 and a 1 year high of $2.47.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on DNN shares. Roth Mkm assumed coverage on shares of Denison Mines in a report on Thursday, June 27th. They issued a “buy” rating and a $2.60 price objective for the company. National Bank Financial upgraded Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. Roth Capital raised Denison Mines to a “strong-buy” rating in a research report on Thursday, June 27th. BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 25th. Finally, Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $2.93.

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.