Vident Advisory LLC Decreases Stock Holdings in Denison Mines Corp. (NYSEAMERICAN:DNN)

Vident Advisory LLC reduced its stake in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,354,322 shares of the basic materials company's stock after selling 1,024,927 shares during the quarter. Vident Advisory LLC owned about 0.82% of Denison Mines worth $13,238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Denison Mines by 1.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,884,241 shares of the basic materials company's stock worth $114,120,000 after acquiring an additional 880,966 shares during the period. Van ECK Associates Corp grew its holdings in Denison Mines by 43.3% during the 4th quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company's stock worth $37,595,000 after acquiring an additional 6,305,332 shares during the period. Alyeska Investment Group L.P. acquired a new stake in Denison Mines during the 4th quarter worth about $35,837,000. Point72 Asset Management L.P. grew its holdings in Denison Mines by 5.8% during the 4th quarter. Point72 Asset Management L.P. now owns 10,165,800 shares of the basic materials company's stock worth $18,298,000 after acquiring an additional 558,200 shares during the period. Finally, Marshall Wace LLP grew its holdings 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 acquiring an additional 2,387,923 shares during the period. 36.74% of the stock is owned by institutional investors and hedge funds.

Denison Mines Trading Up 12.0%

Shares of DNN traded up $0.18 on Friday, reaching $1.68. The company's stock had a trading volume of 156,942,551 shares, compared to its average volume of 33,379,122. Denison Mines Corp. has a twelve month low of $1.08 and a twelve month high of $2.47. The stock has a market capitalization of $1.50 billion, a PE ratio of -168.00 and a beta of 1.75. The firm has a fifty day moving average of $1.39 and a 200-day moving average of $1.76.

Analysts Set New Price Targets

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

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.