Lloyd Harbor Capital Management LLC Has $3.71 Million Stake in Denison Mines Corp. (NYSEAMERICAN:DNN)

Lloyd Harbor Capital Management LLC decreased its position in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 43.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,060,162 shares of the basic materials company’s stock after selling 1,600,000 shares during the quarter. Denison Mines accounts for approximately 2.4% of Lloyd Harbor Capital Management LLC’s holdings, making the stock its 16th largest holding. Lloyd Harbor Capital Management LLC owned 0.23% of Denison Mines worth $3,708,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DNN. Alyeska Investment Group L.P. acquired a new stake in shares of Denison Mines in the 4th quarter valued at about $35,837,000. Van ECK Associates Corp increased its position in shares of Denison Mines by 43.3% in the fourth quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company’s stock valued at $37,595,000 after acquiring an additional 6,305,332 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position 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 last quarter. NewGen Asset Management Ltd acquired a new stake in shares of Denison Mines in the fourth quarter valued at about $5,441,000. Finally, Marshall Wace LLP increased its position in shares of Denison Mines by 41.5% in the fourth quarter. Marshall Wace LLP now owns 8,135,130 shares of the basic materials company’s stock valued at $14,643,000 after acquiring an additional 2,387,923 shares during the last quarter. Institutional investors and hedge funds own 36.74% of the company’s stock.

Denison Mines Stock Performance

Denison Mines stock opened at $1.54 on Monday. Denison Mines Corp. has a 52 week low of $1.08 and a 52 week high of $2.47. The stock has a market capitalization of $1.38 billion, a P/E ratio of -154.00 and a beta of 1.75. The stock has a 50-day simple moving average of $1.37 and a 200 day simple moving average of $1.79.

Analyst Ratings Changes

DNN has been the topic of a number of recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of Denison Mines in a research report on Tuesday, March 25th. Desjardins initiated coverage on Denison Mines in a research report on Friday, April 4th. They issued a “buy” rating on the stock. 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.com, the company presently has an average rating of “Buy” and an average target price of $3.00.

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.