Denison Mines Corp. (NYSEAMERICAN:DNN) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its holdings in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 84.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Van ECK Associates Corp boosted its stake in Denison Mines by 43.3% in the fourth quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company's stock valued at $37,595,000 after acquiring an additional 6,305,332 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Denison Mines in the 4th quarter valued at about $35,837,000. Marshall Wace LLP grew its stake in Denison Mines by 41.5% during the 4th quarter. Marshall Wace LLP now owns 8,135,130 shares of the basic materials company's stock worth $14,643,000 after buying an additional 2,387,923 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Denison Mines 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 worth $12,932,000 after buying an additional 3,838,504 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Denison Mines by 0.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 4,147,551 shares of the basic materials company's stock valued at $7,493,000 after buying an additional 19,601 shares during the last quarter. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Denison Mines Price Performance

NYSEAMERICAN:DNN traded up $0.03 during trading hours on Friday, reaching $1.65. 237,256,834 shares of the company traded hands, compared to its average volume of 42,387,873. Denison Mines Corp. has a 1-year low of $1.08 and a 1-year high of $2.47. The stock has a market cap of $1.48 billion, a P/E ratio of -165.00 and a beta of 1.75. The firm's 50-day moving average is $1.47 and its 200-day moving average is $1.76.

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.