Connor Clark & Lunn Investment Management Ltd. Acquires 3,838,504 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 116.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,131,404 shares of the basic materials company’s stock after purchasing an additional 3,838,504 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.80% of Denison Mines worth $12,932,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Aigen Investment Management LP increased its holdings in shares of Denison Mines by 32.4% during the third quarter. Aigen Investment Management LP now owns 192,983 shares of the basic materials company’s stock worth $351,000 after buying an additional 47,252 shares in the last quarter. Integrated Investment Consultants LLC acquired a new stake in shares of Denison Mines during the third quarter worth approximately $27,000. SevenBridge Financial Group LLC increased its holdings in shares of Denison Mines by 54.2% during the third quarter. SevenBridge Financial Group LLC now owns 37,000 shares of the basic materials company’s stock worth $68,000 after buying an additional 13,000 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Denison Mines by 499.0% during 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. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Denison Mines during the third quarter worth approximately $505,000. Institutional investors own 36.74% of the company’s stock.

Denison Mines Trading Down 1.4 %

NYSEAMERICAN DNN opened at $1.38 on Friday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -138.00 and a beta of 1.75. The company has a 50 day moving average of $1.77 and a 200-day moving average of $1.95. Denison Mines Corp. has a 1-year low of $1.27 and a 1-year high of $2.47.

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.