Vident Advisory LLC Sells 480,330 Shares of Denison Mine Corp $DNN

Key Points

• Vident Advisory LLC has reduced its position in Denison Mine Corp by 6.5%, selling 480,330 shares, and now owns about 0.77% of the company valued at approximately $8.9 million.
• Institutional investors collectively hold 36.74% of Denison Mine's stock, with various funds increasing their stakes significantly in the recent quarters.
• Several analysts have given Denison Mine a positive outlook, with an average rating of "Buy" and a price target of $3.00.

Vident Advisory LLC reduced its stake in Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML by 6.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,873,992 shares of the basic materials company's stock after selling 480,330 shares during the quarter. Vident Advisory LLC owned 0.77% of Denison Mine worth $8,936,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in Denison Mine by 35.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 33,633 shares of the basic materials company's stock worth $61,000 after buying an additional 8,783 shares in the last quarter. Geode Capital Management LLC lifted its position in Denison Mine by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 432,019 shares of the basic materials company's stock worth $792,000 after buying an additional 11,296 shares in the last quarter. HighTower Advisors LLC lifted its position in Denison Mine by 13.4% during the 1st quarter. HighTower Advisors LLC now owns 102,180 shares of the basic materials company's stock worth $133,000 after buying an additional 12,050 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Denison Mine by 6.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 255,459 shares of the basic materials company's stock worth $334,000 after buying an additional 15,136 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Denison Mine by 1.6% during the 1st quarter. Cetera Investment Advisers now owns 948,688 shares of the basic materials company's stock worth $1,233,000 after buying an additional 15,298 shares in the last quarter. 36.74% of the stock is owned by institutional investors.

Denison Mine Stock Performance

Shares of NYSEAMERICAN DNN traded up $0.07 during trading hours on Wednesday, hitting $2.35. 66,262,935 shares of the stock were exchanged, compared to its average volume of 77,407,867. The company has a market cap of $2.11 billion, a PE ratio of -39.17 and a beta of 1.38. The company's fifty day simple moving average is $2.03 and its two-hundred day simple moving average is $1.69. Denison Mine Corp has a 1-year low of $1.08 and a 1-year high of $2.47.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. TD Securities reaffirmed a "buy" rating on shares of Denison Mine in a report on Monday, August 11th. Raymond James Financial reaffirmed an "outperform" rating on shares of Denison Mine in a report on Monday, August 18th. Scotiabank reaffirmed an "outperform" rating on shares of Denison Mine in a report on Thursday, August 7th. National Bankshares reaffirmed an "outperform" rating on shares of Denison Mine in a report on Monday, August 18th. Finally, Desjardins raised shares of Denison Mine to a "moderate buy" rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. Based on data from MarketBeat.com, Denison Mine currently has a consensus 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.