Denison Mine Corp $DNN Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Denison Mine Corp by 7.6%, owning approximately 58.1 million shares worth $75.9 million as of the latest SEC filing.
• Analysts maintain a positive outlook on Denison Mine, with multiple firms issuing "buy" ratings and a consensus target price of $3.00 for the stock.
• Denison Mine shares increased by 3.1%, trading at $2.35, following a market cap of $2.11 billion and significant interest from institutional investors owning 36.74% of the company's stock.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its position in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 7.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,128,284 shares of the basic materials company's stock after selling 4,755,957 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 6.49% of Denison Mine worth $75,931,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sowell Financial Services LLC acquired a new stake in shares of Denison Mine in the 1st quarter worth approximately $26,000. Providence Capital Advisors LLC acquired a new stake in shares of Denison Mine in the 1st quarter worth approximately $30,000. Bayesian Capital Management LP acquired a new stake in shares of Denison Mine in the 4th quarter worth approximately $44,000. Envestnet Asset Management Inc. grew its holdings in shares of Denison Mine by 35.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 33,633 shares of the basic materials company's stock worth $61,000 after acquiring an additional 8,783 shares during the period. Finally, Aptus Capital Advisors LLC acquired a new stake in shares of Denison Mine in the 4th quarter worth approximately $67,000. Institutional investors and hedge funds own 36.74% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Desjardins raised shares of Denison Mine to a "moderate buy" rating in a report on Monday, August 18th. National Bankshares reaffirmed an "outperform" rating on shares of Denison Mine in a report on Monday, August 18th. TD Securities reaffirmed a "buy" rating on shares of Denison Mine in a report on Monday, August 11th. Raymond James Financial reaffirmed an "outperform" rating on shares of Denison Mine in a report on Monday, August 18th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Denison Mine in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $3.00.

Denison Mine Stock Up 3.1%

Shares of Denison Mine stock opened at $2.35 on Friday. Denison Mine Corp has a fifty-two week low of $1.08 and a fifty-two week high of $2.47. The firm has a market cap of $2.11 billion, a PE ratio of -39.17 and a beta of 1.38. The business's fifty day moving average is $2.06 and its two-hundred day moving average is $1.70.

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.

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