5 Nuclear Energy Stocks to Buy Now

3. Denison Mines Corp. (NYSE:DNN)

Number of Hedge Fund Holders: 17

Denison Mines Corp. (NYSE:DNN) is a uranium exploration and development company based in Toronto, Canada. The company’s flagship project is the 95% interest owned in the Wheeler River uranium project in the Athabasca Basin region in northern Saskatchewan. 

On January 13, Denison Mines Corp. (NYSE:DNN) executed a repayment schedule agreement with Uranium Industry wherein the parties negotiated the debt repayment owing from UI to Denison Mines Corp. (NYSE:DNN), and Denison Mines Corp. (NYSE:DNN) received an initial $2 million debt repayment installment in accordance with the agreement terms. The total amount due to Denison Mines Corp. (NYSE:DNN) under the agreement, including the initial $2 million already received, is approximately $16 million.

According to the fourth quarter database of Insider Monkey, 17 hedge funds were bullish on Denison Mines Corp. (NYSE:DNN), up from 14 funds in the preceding quarter. Titan Global Capital is the largest shareholder of the company, with 6.3 million shares worth $8.73 million.