Vident Advisory LLC Trims Stock Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Vident Advisory LLC trimmed its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 12.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of DNN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Denison Mines by 1.4% during 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 purchasing an additional 880,966 shares during the period. Van ECK Associates Corp lifted its stake in shares of Denison Mines by 43.3% in 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. purchased a new stake in shares of Denison Mines in the fourth quarter valued at about $35,837,000. Point72 Asset Management L.P. boosted its holdings in shares of Denison Mines by 5.8% in the fourth quarter. Point72 Asset Management L.P. now owns 10,165,800 shares of the basic materials company's stock valued at $18,298,000 after acquiring an additional 558,200 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Denison Mines by 41.5% during the fourth 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 currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Denison Mines Stock Down 4.7%

Shares of NYSEAMERICAN DNN opened at $1.43 on Monday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -143.00 and a beta of 1.75. Denison Mines Corp. has a 52 week low of $1.08 and a 52 week high of $2.47. The firm has a 50-day moving average price of $1.39 and a 200 day moving average price of $1.77.

Denison Mines 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.

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