Denison Mines Corp. (NYSEAMERICAN:DNN) Shares Sold by Lloyd Harbor Capital Management LLC

Lloyd Harbor Capital Management LLC cut its position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 43.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,060,162 shares of the basic materials company's stock after selling 1,600,000 shares during the quarter. Denison Mines makes up 2.4% of Lloyd Harbor Capital Management LLC's investment portfolio, making the stock its 16th largest position. Lloyd Harbor Capital Management LLC owned about 0.23% of Denison Mines worth $3,708,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DNN. Fiduciary Family Office LLC purchased a new stake in shares of Denison Mines during the fourth quarter worth about $50,000. Vantage Point Financial LLC purchased a new stake in shares of Denison Mines during the fourth quarter worth about $34,000. Van ECK Associates Corp grew its holdings 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 worth $37,595,000 after buying an additional 6,305,332 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in Denison Mines by 92.6% in the fourth quarter. Vontobel Holding Ltd. now owns 196,336 shares of the basic materials company's stock valued at $356,000 after purchasing an additional 94,419 shares during the period. Finally, Legacy Capital Group California Inc. grew its holdings in Denison Mines by 26.2% in the fourth quarter. Legacy Capital Group California Inc. now owns 43,374 shares of the basic materials company's stock valued at $78,000 after purchasing an additional 9,002 shares during the period. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Denison Mines Stock Performance

Denison Mines stock traded down $0.01 during trading on Wednesday, reaching $1.51. The company had a trading volume of 45,436,809 shares, compared to its average volume of 31,895,422. Denison Mines Corp. has a 12-month low of $1.08 and a 12-month high of $2.47. The stock's 50 day moving average price is $1.38 and its two-hundred day moving average price is $1.78. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -151.00 and a beta of 1.75.

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.