Cinctive Capital Management LP Takes $3.94 Million Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Cinctive Capital Management LP acquired a new stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,188,272 shares of the basic materials company’s stock, valued at approximately $3,939,000. Cinctive Capital Management LP owned about 0.24% of Denison Mines at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DNN. The Manufacturers Life Insurance Company raised its stake in Denison Mines by 499.0% in the third quarter. The Manufacturers Life Insurance Company now owns 4,127,950 shares of the basic materials company’s stock worth $7,514,000 after buying an additional 3,438,790 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Denison Mines in the third quarter worth $505,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Denison Mines by 14.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,200,078 shares of the basic materials company’s stock valued at $5,856,000 after purchasing an additional 404,410 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Denison Mines by 19.5% during the third quarter. Janus Henderson Group PLC now owns 3,963,565 shares of the basic materials company’s stock valued at $7,230,000 after acquiring an additional 647,046 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Denison Mines by 89.1% in the 3rd quarter. National Bank of Canada FI now owns 935,567 shares of the basic materials company’s stock worth $1,708,000 after purchasing an additional 440,921 shares in the last quarter. Institutional investors own 36.74% of the company’s stock.

Denison Mines Price Performance

Shares of DNN opened at $1.30 on Thursday. Denison Mines Corp. has a 52 week low of $1.27 and a 52 week high of $2.47. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -130.00 and a beta of 1.75. The business has a 50-day simple moving average of $1.62 and a two-hundred day simple moving average of $1.89.

Analysts Set New Price Targets

Separately, Scotiabank reissued an “outperform” rating on shares of Denison Mines in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Denison Mines presently has an average rating of “Buy” and a consensus target price of $3.00.

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.