Denison Mine Corp (NYSEAMERICAN:DNN) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. trimmed its stake in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 12.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,054,700 shares of the basic materials company's stock after selling 305,600 shares during the period. Intact Investment Management Inc. owned 0.23% of Denison Mine worth $2,685,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DNN. Alyeska Investment Group L.P. purchased a new stake in shares of Denison Mine during the fourth quarter worth about $35,837,000. Millennium Management LLC grew its stake in Denison Mine by 393.3% during the fourth quarter. Millennium Management LLC now owns 5,122,978 shares of the basic materials company's stock valued at $9,221,000 after acquiring an additional 4,084,401 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Denison Mine by 116.6% in the 4th 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 during the last quarter. NewGen Asset Management Ltd bought a new stake in Denison Mine in the 4th quarter valued at $5,441,000. Finally, Marshall Wace LLP lifted its stake in Denison Mine by 41.5% in the 4th quarter. Marshall Wace LLP now owns 8,135,130 shares of the basic materials company's stock worth $14,643,000 after purchasing an additional 2,387,923 shares in the last quarter. Institutional investors own 36.74% of the company's stock.

Denison Mine Stock Down 1.7%

Shares of NYSEAMERICAN DNN traded down $0.03 during midday trading on Wednesday, reaching $1.77. 142,003,096 shares of the company's stock traded hands, compared to its average volume of 48,095,484. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -22.13 and a beta of 1.46. The stock's 50 day simple moving average is $1.56 and its 200-day simple moving average is $1.75. Denison Mine Corp has a one year low of $1.08 and a one year high of $2.47.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Scotiabank restated an "outperform" rating on shares of Denison Mine in a research report on Tuesday, March 25th. Desjardins assumed coverage on Denison Mine in a research note on Friday, April 4th. They issued a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, five have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $3.00.

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.