Denison Mines Corp. (NYSEAMERICAN:DNN) Stock Holdings Decreased by Alpha Wave Global LP

Alpha Wave Global LP lessened its position in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 58.5% in the 4th quarter, Holdings Channel reports. The fund owned 1,099,946 shares of the basic materials company’s stock after selling 1,550,127 shares during the period. Denison Mines makes up approximately 0.9% of Alpha Wave Global LP’s investment portfolio, making the stock its 15th biggest holding. Alpha Wave Global LP’s holdings in Denison Mines were worth $1,980,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted 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 purchasing an additional 6,305,332 shares during the period. Summit Financial LLC acquired a new position in shares of Denison Mines in the fourth quarter worth $4,283,000. Titan Global Capital Management USA LLC raised its holdings in shares of Denison Mines by 8.9% during the fourth quarter. Titan Global Capital Management USA LLC now owns 2,738,718 shares of the basic materials company’s stock worth $4,930,000 after acquiring an additional 223,145 shares in the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in Denison Mines during the fourth quarter valued at $1,371,000. Finally, Quantbot Technologies LP grew its stake in Denison Mines by 119.9% in the fourth quarter. Quantbot Technologies LP now owns 578,113 shares of the basic materials company’s stock valued at $1,041,000 after purchasing an additional 315,262 shares in the last quarter. Institutional investors and hedge funds own 36.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DNN. Desjardins started coverage on Denison Mines in a research note on Friday, April 4th. They issued 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 research 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’s stock. According to data from MarketBeat.com, Denison Mines has a consensus rating of “Buy” and an average target price of $3.00.

Denison Mines Stock Performance

Shares of NYSEAMERICAN DNN opened at $1.38 on Friday. The business’s 50-day simple moving average is $1.46 and its 200-day simple moving average is $1.84. Denison Mines Corp. has a 52 week low of $1.08 and a 52 week high of $2.47. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -138.00 and a beta of 1.75.

About Denison Mines

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.