Denison Mines Corp. (NYSEAMERICAN:DNN) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its holdings in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 62.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 498,214 shares of the basic materials company's stock after selling 829,154 shares during the period. Dimensional Fund Advisors LP owned approximately 0.06% of Denison Mines worth $897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of DNN. Farringdon Capital Ltd. acquired a new stake in Denison Mines in the fourth quarter worth about $130,000. Marshall Wace LLP increased its stake in shares of Denison Mines by 41.5% during the fourth quarter. Marshall Wace LLP now owns 8,135,130 shares of the basic materials company's stock worth $14,643,000 after purchasing an additional 2,387,923 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Denison Mines by 23.8% in the fourth quarter. NewEdge Advisors LLC now owns 223,592 shares of the basic materials company's stock valued at $402,000 after acquiring an additional 43,037 shares in the last quarter. Integrity Wealth Advisors Inc. acquired a new stake in shares of Denison Mines in the fourth quarter worth approximately $111,000. Finally, Titan Global Capital Management USA LLC raised its stake in Denison Mines by 8.9% in the 4th quarter. Titan Global Capital Management USA LLC now owns 2,738,718 shares of the basic materials company's stock valued at $4,930,000 after purchasing an additional 223,145 shares during the last quarter. 36.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on DNN. Desjardins initiated coverage on shares of Denison Mines in a research note on Friday, April 4th. They issued a "buy" rating for the company. Scotiabank restated an "outperform" rating on shares of Denison Mines in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $3.00.

Denison Mines Price Performance

Shares of DNN traded up $0.09 during midday trading on Wednesday, reaching $1.54. The stock had a trading volume of 6,464,090 shares, compared to its average volume of 32,305,797. Denison Mines Corp. has a 1-year low of $1.08 and a 1-year high of $2.47. The company's fifty day simple moving average is $1.39 and its two-hundred day simple moving average is $1.77. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -152.60 and a beta of 1.75.

Denison Mines Company 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.