Denison Mine Corp (NYSEAMERICAN:DNN) Stake Trimmed by Azarias Capital Management L.P.

Azarias Capital Management L.P. reduced its position in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 7.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,064,876 shares of the basic materials company's stock after selling 261,710 shares during the quarter. Denison Mine comprises approximately 2.2% of Azarias Capital Management L.P.'s portfolio, making the stock its 19th biggest position. Azarias Capital Management L.P. owned approximately 0.34% of Denison Mine worth $3,984,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vontobel Holding Ltd. grew its position in Denison Mine by 92.6% in the 4th quarter. Vontobel Holding Ltd. now owns 196,336 shares of the basic materials company's stock valued at $356,000 after buying an additional 94,419 shares during the last quarter. Legacy Capital Group California Inc. raised its stake in Denison Mine by 26.2% in the 4th quarter. Legacy Capital Group California Inc. now owns 43,374 shares of the basic materials company's stock valued at $78,000 after purchasing an additional 9,002 shares during the last quarter. Canton Hathaway LLC purchased a new stake in shares of Denison Mine in the fourth quarter valued at $74,000. Raymond James Financial Inc. acquired a new position in shares of Denison Mine in the 4th quarter valued at $102,000. Finally, Prescott Group Capital Management L.L.C. acquired a new position in shares of Denison Mine in the 4th quarter valued at about $1,371,000. 36.74% of the stock is owned by hedge funds and other institutional investors.

Denison Mine Stock Performance

Shares of DNN stock traded down $0.10 during midday trading on Friday, reaching $1.74. 187,642,359 shares of the company were exchanged, compared to its average volume of 46,129,039. The company's 50 day moving average price is $1.54 and its two-hundred day moving average price is $1.76. The company has a market cap of $1.56 billion, a P/E ratio of -21.75 and a beta of 1.46. Denison Mine Corp has a 12 month low of $1.08 and a 12 month high of $2.47.

Wall Street Analyst Weigh In

Several analysts have issued reports on DNN shares. Desjardins initiated coverage on shares of Denison Mine in a research report on Friday, April 4th. They issued a "buy" rating for the company. Scotiabank reaffirmed an "outperform" rating on shares of Denison Mine in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $3.00.

Denison Mine 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.