Bank of America Corp DE Decreases Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Bank of America Corp DE lessened its position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 84.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 380,871 shares of the basic materials company's stock after selling 2,137,001 shares during the quarter. Bank of America Corp DE's holdings in Denison Mines were worth $686,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Van ECK Associates Corp grew its holdings in shares of Denison Mines by 43.3% during the fourth quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company's stock worth $37,595,000 after purchasing an additional 6,305,332 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Denison Mines during the 4th quarter worth about $501,000. Summit Financial LLC acquired a new position in Denison Mines during the 4th quarter valued at about $4,283,000. Titan Global Capital Management USA LLC grew its position in shares of Denison Mines by 8.9% during the 4th quarter. Titan Global Capital Management USA LLC now owns 2,738,718 shares of the basic materials company's stock worth $4,930,000 after buying an additional 223,145 shares during the period. Finally, Prescott Group Capital Management L.L.C. acquired a new position in Denison Mines in the fourth quarter valued at approximately $1,371,000. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Scotiabank reissued an "outperform" rating on shares of Denison Mines in a research report on Tuesday, March 25th. Desjardins assumed coverage on Denison Mines in a research report on Friday, April 4th. They set a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $3.00.

Denison Mines Price Performance

Shares of Denison Mines stock traded down $0.02 on Thursday, reaching $1.62. 25,108,131 shares of the company traded hands, compared to its average volume of 40,981,909. The company has a 50 day moving average of $1.46 and a 200 day moving average of $1.77. Denison Mines Corp. has a 52 week low of $1.08 and a 52 week high of $2.47. The firm has a market capitalization of $1.45 billion, a PE ratio of -161.50 and a beta of 1.75.

Denison Mines Company 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.