Hood River Capital Management LLC Sells 1,801,214 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

Hood River Capital Management LLC lowered its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,621,140 shares of the basic materials company's stock after selling 1,801,214 shares during the quarter. Hood River Capital Management LLC owned 2.97% of Denison Mines worth $47,918,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Van ECK Associates Corp increased its position in shares of Denison Mines by 43.3% during 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Denison Mines by 116.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,131,404 shares of the basic materials company's stock valued at $12,932,000 after purchasing an additional 3,838,504 shares during the last quarter. Marshall Wace LLP raised its stake in shares of 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 purchasing an additional 2,387,923 shares during the period. Summit Financial LLC purchased a new position in shares of Denison Mines in the 4th quarter worth about $4,283,000. Finally, Cinctive Capital Management LP purchased a new position in shares of Denison Mines in the 4th quarter worth about $3,939,000. Institutional investors own 36.74% of the company's stock.

Denison Mines Stock Up 1.1 %

Shares of Denison Mines stock traded up $0.02 during trading on Monday, reaching $1.41. 29,184,903 shares of the stock were exchanged, compared to its average volume of 29,869,643. Denison Mines Corp. has a 1 year low of $1.08 and a 1 year high of $2.47. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -140.50 and a beta of 1.75. The stock's fifty day moving average is $1.40 and its 200 day moving average is $1.82.

Analysts Set New Price Targets

DNN has been the topic of a number of research analyst reports. Scotiabank reiterated an "outperform" rating on shares of Denison Mines in a research note on Tuesday, March 25th. Desjardins began coverage on Denison Mines in a report on Friday, April 4th. They set a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus 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.