Denison Mines Corp. (NYSEAMERICAN:DNN) Stock Position Decreased by Scotia Capital Inc.

Scotia Capital Inc. decreased its position in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 47.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 140,535 shares of the basic materials company’s stock after selling 129,307 shares during the quarter. Scotia Capital Inc.’s holdings in Denison Mines were worth $253,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in shares of Denison Mines by 74.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 8,500 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Denison Mines by 35.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 33,633 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 8,783 shares during the last quarter. Legacy Capital Group California Inc. raised its position in shares of 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. Confluence Investment Management LLC lifted its stake in shares of Denison Mines by 3.8% in the fourth quarter. Confluence Investment Management LLC now owns 267,217 shares of the basic materials company’s stock worth $481,000 after buying an additional 9,831 shares during the last quarter. Finally, Old West Investment Management LLC boosted its holdings in shares of Denison Mines by 0.7% during the 4th quarter. Old West Investment Management LLC now owns 1,450,353 shares of the basic materials company’s stock worth $2,611,000 after buying an additional 10,251 shares during the period. Institutional investors and hedge funds own 36.74% of the company’s stock.

Wall Street Analyst Weigh In

DNN has been the topic of several recent analyst reports. Desjardins began coverage on shares of Denison Mines in a research report on Friday, April 4th. They set a “buy” rating for the company. Scotiabank reissued an “outperform” rating on shares of Denison Mines in a research report on Tuesday, March 25th. One 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 data from MarketBeat, Denison Mines has an average rating of “Buy” and a consensus price target of $3.00.

Denison Mines Stock Down 3.1 %

Denison Mines stock opened at $1.27 on Wednesday. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -127.00 and a beta of 1.75. Denison Mines Corp. has a 12 month low of $1.08 and a 12 month high of $2.47. The business has a 50 day moving average price of $1.49 and a two-hundred day moving average price of $1.85.

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.