MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Trims Holdings in Denison Mine Corp $DNN

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. reduced its stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 7.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,128,284 shares of the basic materials company's stock after selling 4,755,957 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 6.49% of Denison Mine worth $75,931,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DNN. Sowell Financial Services LLC acquired a new stake in Denison Mine in the first quarter worth $26,000. Providence Capital Advisors LLC bought a new position in shares of Denison Mine in the 1st quarter valued at about $30,000. Bayesian Capital Management LP bought a new stake in shares of Denison Mine during the 4th quarter worth about $44,000. Envestnet Asset Management Inc. raised its stake in 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 purchasing an additional 8,783 shares in the last quarter. Finally, Aptus Capital Advisors LLC acquired a new position in shares of Denison Mine in the 4th quarter valued at approximately $67,000. 36.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Denison Mine Stock Up 1.0%

Shares of DNN stock traded up $0.03 during mid-day trading on Thursday, reaching $2.48. 37,566,750 shares of the company's stock traded hands, compared to its average volume of 76,644,719. Denison Mine Corp has a 12 month low of $1.08 and a 12 month high of $2.49. The company has a market cap of $2.22 billion, a P/E ratio of -41.25 and a beta of 1.38. The company's 50-day moving average price is $2.10 and its 200-day moving average price is $1.71.

About Denison Mine

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.