Crestline Management LP Reduces Stake in Denison Mines Corp. (NYSEAMERICAN:DNN)

Crestline Management LP lowered its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 45.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,460,000 shares of the basic materials company's stock after selling 1,215,000 shares during the period. Crestline Management LP owned about 0.16% of Denison Mines worth $2,628,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of DNN. Cubist Systematic Strategies LLC boosted its position in Denison Mines by 251.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 1,522,271 shares of the basic materials company's stock valued at $2,747,000 after buying an additional 1,088,897 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Denison Mines during the 4th quarter valued at $44,000. Alyeska Investment Group L.P. bought a new stake in Denison Mines during the 4th quarter worth $35,837,000. Aptus Capital Advisors LLC acquired a new position in Denison Mines in the 4th quarter worth about $67,000. Finally, Ardsley Advisory Partners LP raised its position in Denison Mines by 100.0% in the fourth quarter. Ardsley Advisory Partners LP now owns 1,000,000 shares of the basic materials company's stock valued at $1,800,000 after purchasing an additional 500,000 shares during the last quarter. 36.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Scotiabank reissued an "outperform" rating on shares of Denison Mines in a research note on Tuesday, March 25th. Desjardins initiated coverage on Denison Mines in a research report on Friday, April 4th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $3.00.

Denison Mines Trading Up 1.3 %

Shares of DNN traded up $0.02 on Friday, reaching $1.54. The company's stock had a trading volume of 41,883,950 shares, compared to its average volume of 31,539,473. The stock has a market capitalization of $1.38 billion, a PE ratio of -154.00 and a beta of 1.75. Denison Mines Corp. has a twelve month low of $1.08 and a twelve month high of $2.47. The firm has a fifty day moving average of $1.37 and a 200-day moving average of $1.79.

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.