Intact Investment Management Inc. Sells 305,600 Shares of Denison Mine Corp (NYSEAMERICAN:DNN)

Intact Investment Management Inc. decreased its position in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 12.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,054,700 shares of the basic materials company's stock after selling 305,600 shares during the quarter. Intact Investment Management Inc. owned approximately 0.23% of Denison Mine worth $2,685,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DNN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Denison Mine by 1.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,884,241 shares of the basic materials company's stock valued at $114,120,000 after acquiring an additional 880,966 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Denison Mine during the fourth quarter valued at $35,837,000. Point72 Asset Management L.P. increased its holdings in shares of Denison Mine by 5.8% during the fourth quarter. Point72 Asset Management L.P. now owns 10,165,800 shares of the basic materials company's stock valued at $18,298,000 after acquiring an additional 558,200 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Denison Mine by 41.5% during the fourth quarter. Marshall Wace LLP now owns 8,135,130 shares of the basic materials company's stock valued at $14,643,000 after acquiring an additional 2,387,923 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Denison Mine by 116.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,131,404 shares of the basic materials company's stock valued at $12,932,000 after acquiring an additional 3,838,504 shares in the last quarter. Institutional investors own 36.74% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Desjardins assumed coverage on Denison Mine in a research report on Friday, April 4th. They set a "buy" rating on the stock. 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. According to data from MarketBeat, Denison Mine has an average rating of "Buy" and a consensus target price of $3.00.

Denison Mine Price Performance

Shares of Denison Mine stock traded down $0.10 during trading on Friday, hitting $1.74. 187,642,359 shares of the company's stock traded hands, compared to its average volume of 46,254,937. Denison Mine Corp has a 1 year low of $1.08 and a 1 year high of $2.47. The stock has a market capitalization of $1.56 billion, a P/E ratio of -21.75 and a beta of 1.46. The business has a 50-day simple moving average of $1.54 and a 200-day simple moving average of $1.76.

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.