Van ECK Associates Corp Purchases 413,198 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

Van ECK Associates Corp boosted its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,332,728 shares of the basic materials company's stock after purchasing an additional 413,198 shares during the period. Van ECK Associates Corp owned approximately 0.49% of Denison Mines worth $7,657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Intact Investment Management Inc. boosted its position in shares of Denison Mines by 39.8% in the 4th quarter. Intact Investment Management Inc. now owns 2,361,200 shares of the basic materials company's stock valued at $4,134,000 after purchasing an additional 671,800 shares during the period. K.J. Harrison & Partners Inc acquired a new position in shares of Denison Mines in the fourth quarter worth about $70,000. Glenorchy Capital Ltd purchased a new position in shares of Denison Mines in the fourth quarter worth approximately $25,000. HTLF Bank acquired a new stake in shares of Denison Mines during the fourth quarter valued at approximately $897,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Denison Mines by 32.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 268,297 shares of the basic materials company's stock valued at $472,000 after acquiring an additional 65,671 shares during the period. 36.74% of the stock is owned by institutional investors and hedge funds.

Denison Mines Stock Up 0.9 %

NYSEAMERICAN:DNN traded up $0.02 during mid-day trading on Friday, hitting $2.13. 18,189,925 shares of the company's stock traded hands, compared to its average volume of 17,324,908. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 26.63 and a beta of 1.67. Denison Mines Corp. has a 12 month low of $1.00 and a 12 month high of $2.25.

Denison Mines (NYSEAMERICAN:DNN - Get Free Report) TSE: DML last released its earnings results on Wednesday, February 28th. The basic materials company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. Denison Mines had a net margin of 1,069.10% and a return on equity of 17.41%. The firm had revenue of $0.80 million during the quarter. Analysts anticipate that Denison Mines Corp. will post -0.01 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised Denison Mines to a "sell" rating in a research note on Friday, April 5th.

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.