Janus Henderson Group PLC Trims Stock Holdings in Denison Mines Corp. (NYSEAMERICAN:DNN)

Janus Henderson Group PLC lessened its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 17.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,267,916 shares of the basic materials company's stock after selling 695,649 shares during the quarter. Janus Henderson Group PLC owned about 0.36% of Denison Mines worth $5,911,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DNN. Alyeska Investment Group L.P. purchased a new stake in Denison Mines during the 4th quarter valued at approximately $35,837,000. Van ECK Associates Corp boosted its holdings in shares of 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. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of 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 acquiring an additional 3,838,504 shares during the period. NewGen Asset Management Ltd purchased a new position in Denison Mines during the fourth quarter worth about $5,441,000. Finally, Marshall Wace LLP lifted its position in Denison Mines by 41.5% in 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 purchasing an additional 2,387,923 shares during the period. Institutional investors and hedge funds own 36.74% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Scotiabank reiterated 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 issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, five have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $3.00.

Denison Mines Stock Up 4.8%

Shares of DNN traded up $0.07 during mid-day trading on Wednesday, hitting $1.52. The company had a trading volume of 63,629,010 shares, compared to its average volume of 32,557,858. The stock has a market cap of $1.36 billion, a PE ratio of -152.00 and a beta of 1.75. Denison Mines Corp. has a 1-year low of $1.08 and a 1-year high of $2.47. The business's 50-day simple moving average is $1.39 and its 200-day simple moving average is $1.77.

About Denison Mines

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.