Texas Capital Bank Wealth Management Services Inc Grows Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Texas Capital Bank Wealth Management Services Inc raised its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 40.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,000 shares of the basic materials company’s stock after buying an additional 20,000 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in Denison Mines were worth $136,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Headlands Technologies LLC purchased a new stake in shares of Denison Mines during the first quarter worth $51,000. Private Advisor Group LLC grew its holdings in shares of Denison Mines by 63.8% during the first quarter. Private Advisor Group LLC now owns 190,000 shares of the basic materials company’s stock worth $370,000 after buying an additional 74,000 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Denison Mines by 22.2% during the first quarter. Van ECK Associates Corp now owns 5,293,313 shares of the basic materials company’s stock worth $10,327,000 after buying an additional 960,585 shares in the last quarter. HTLF Bank grew its holdings in shares of Denison Mines by 3.0% during the first quarter. HTLF Bank now owns 522,000 shares of the basic materials company’s stock worth $1,018,000 after buying an additional 15,000 shares in the last quarter. Finally, Arlington Capital Management Inc. grew its holdings in shares of Denison Mines by 1.7% in the first quarter. Arlington Capital Management Inc. now owns 432,797 shares of the basic materials company’s stock valued at $844,000 after purchasing an additional 7,027 shares during the period. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Wall Street Analyst Weigh In

DNN has been the subject of a number of analyst reports. Roth Mkm initiated 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. StockNews.com raised shares of Denison Mines to a “sell” rating in a report on Sunday, May 19th. Scotiabank raised shares of Denison Mines to a “strong-buy” rating in a report on Tuesday, July 2nd. Finally, Roth Capital raised shares of Denison Mines to a “strong-buy” rating in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, one has given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $2.60.

Denison Mines Price Performance

NYSEAMERICAN DNN traded down $0.02 during trading hours on Tuesday, reaching $1.96. The company had a trading volume of 9,305,773 shares, compared to its average volume of 15,258,459. The firm has a 50-day moving average price of $2.01. Denison Mines Corp. has a 1-year low of $1.20 and a 1-year high of $2.47. The company has a market capitalization of $1.74 billion, a PE ratio of 28.00 and a beta of 1.73.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last posted its earnings results on Wednesday, May 8th. The basic materials company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). Denison Mines had a net margin of 888.36% and a return on equity of 12.96%. The company had revenue of $0.62 million for the quarter. As a group, research 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.