Marshall Wace LLP Increases Stock Holdings in Denison Mines Corp. (NYSEAMERICAN:DNN)

Marshall Wace LLP raised its stake in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 41.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,135,130 shares of the basic materials company's stock after purchasing an additional 2,387,923 shares during the period. Marshall Wace LLP owned 0.91% of Denison Mines worth $14,643,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position 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 valued at $37,595,000 after purchasing an additional 6,305,332 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Denison Mines by 116.6% in the fourth 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 acquiring an additional 3,838,504 shares during the period. Summit Financial LLC purchased a new position in shares of Denison Mines during the fourth quarter worth approximately $4,283,000. Cinctive Capital Management LP acquired a new position in shares of Denison Mines in the 4th quarter valued at $3,939,000. Finally, Renaissance Technologies LLC purchased a new stake in Denison Mines in the 4th quarter valued at $3,543,000. Institutional investors and hedge funds own 36.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DNN. Scotiabank reiterated an "outperform" rating on shares of Denison Mines in a research note on Tuesday, March 25th. Desjardins assumed coverage on shares of Denison Mines in a research report on Friday, April 4th. They issued a "buy" rating on the stock. One research 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 company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $3.00.

Denison Mines Stock Performance

DNN stock traded down $0.03 on Friday, reaching $1.39. The company had a trading volume of 37,198,582 shares, compared to its average volume of 29,815,866. The company's fifty day moving average is $1.40 and its 200 day moving average is $1.82. The company has a market cap of $1.25 billion, a P/E ratio of -139.00 and a beta of 1.75. Denison Mines Corp. has a 1 year low of $1.08 and a 1 year high of $2.47.

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.