Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN – Get Rating) (TSE:DML) by 4.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 41,506,962 shares of the basic materials company's stock after acquiring an additional 1,662,873 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.05% of Denison Mines worth $67,791,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC raised its position in Denison Mines by 36.1% in the 1st quarter. Exchange Traded Concepts LLC now owns 31,676,952 shares of the basic materials company's stock worth $50,683,000 after purchasing an additional 8,398,146 shares during the period. MMCAP International Inc. SPC raised its position in Denison Mines by 2.5% in the 1st quarter. MMCAP International Inc. SPC now owns 24,781,503 shares of the basic materials company's stock worth $39,650,000 after purchasing an additional 609,251 shares during the period. Hood River Capital Management LLC raised its position in Denison Mines by 3.6% in the 1st quarter. Hood River Capital Management LLC now owns 20,138,675 shares of the basic materials company's stock worth $32,222,000 after purchasing an additional 691,095 shares during the period. Segra Capital Management LLC increased its position in shares of Denison Mines by 47.6% in the first quarter. Segra Capital Management LLC now owns 10,569,923 shares of the basic materials company's stock valued at $16,912,000 after acquiring an additional 3,406,992 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Denison Mines by 12.3% in the first quarter. Goldman Sachs Group Inc. now owns 7,440,385 shares of the basic materials company's stock valued at $11,905,000 after acquiring an additional 817,351 shares during the period. 24.96% of the stock is owned by institutional investors.

Denison Mines Price Performance

Shares of NYSEAMERICAN DNN traded up $0.01 during midday trading on Wednesday, hitting $1.40. 225,778 shares of the company traded hands, compared to its average volume of 9,111,256. Denison Mines Corp. has a 12-month low of $0.91 and a 12-month high of $2.14. The stock has a market capitalization of $1.15 billion, a P/E ratio of 69.78 and a beta of 1.94.

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Denison Mines Company Profile

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Denison Mines Corp. engages in the acquisition, exploration, development, extraction, processing, selling of, and investing in uranium properties in Canada. Its flagship project is the 95% interest owned Wheeler River uranium project 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.

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