Beutel Goodman & Co Ltd. decreased its stake in shares of Denison Mines Corp (NYSEAMERICAN:DNN) (TSE:DML) by 3.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 26,226,030 shares of the basic materials company’s stock after selling 992,170 shares during the period. Beutel Goodman & Co Ltd.’s holdings in Denison Mines were worth $17,245,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in shares of Denison Mines during the 2nd quarter worth approximately $176,000. Bienville Capital Management LLC grew its position in shares of Denison Mines by 116.0% during the 2nd quarter. Bienville Capital Management LLC now owns 954,089 shares of the basic materials company’s stock worth $480,000 after buying an additional 512,472 shares during the period. Commerzbank Aktiengesellschaft FI grew its position in shares of Denison Mines by 25.1% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 2,479,780 shares of the basic materials company’s stock worth $1,248,000 after buying an additional 498,000 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Denison Mines by 3.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 8,537,279 shares of the basic materials company’s stock worth $5,554,000 after buying an additional 272,686 shares during the period.
NYSEAMERICAN DNN opened at $0.63 on Friday. Denison Mines Corp has a 12-month low of $0.40 and a 12-month high of $0.69.
Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last posted its quarterly earnings results on Thursday, August 9th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter. Denison Mines had a negative net margin of 212.62% and a negative return on equity of 12.53%. The business had revenue of $3.18 million during the quarter.
Denison Mines Profile
Denison Mines Corp. engages in uranium mining related activities in Canada. The company acquires, explores for, and develops uranium properties; and extracts, processes, and sells uranium. Its assets include a 22.50% interest in the McClean Lake uranium processing facility and uranium deposits; a 25.17% interest in the Midwest uranium project; and a 63.3% interest in the Wheeler River project located in northern Saskatchewan.
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