Dimensional Fund Advisors LP Has $897,000 Stake in Denison Mines Corp. (NYSEAMERICAN:DNN)

Dimensional Fund Advisors LP reduced its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 62.5% during the 4th quarter, according to the company in 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 0.06% of Denison Mines worth $897,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DNN. Van ECK Associates Corp boosted its stake in shares of Denison Mines by 43.3% during the 4th quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company's stock worth $37,595,000 after acquiring an additional 6,305,332 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Denison Mines in the 4th quarter worth approximately $501,000. Summit Financial LLC acquired a new stake in Denison Mines in the 4th quarter worth approximately $4,283,000. Titan Global Capital Management USA LLC boosted its position in Denison Mines by 8.9% during the fourth quarter. Titan Global Capital Management USA LLC now owns 2,738,718 shares of the basic materials company's stock worth $4,930,000 after purchasing an additional 223,145 shares during the period. Finally, Prescott Group Capital Management L.L.C. acquired a new position in Denison Mines during the fourth quarter valued at approximately $1,371,000. 36.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. 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 reiterated an "outperform" rating on shares of Denison Mines in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Denison Mines currently has a consensus rating of "Buy" and a consensus target price of $3.00.

Denison Mines Stock Up 4.8%

DNN stock opened at $1.52 on Thursday. The business's 50-day simple moving average is $1.39 and its 200 day simple moving average is $1.77. The company has a market cap of $1.36 billion, a PE ratio of -152.00 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.

About Denison Mines

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.