Denison Mines Corp (NYSEAMERICAN:DNN) (TSE:DML)’s share price traded down 5.1% during trading on Friday . The company traded as low as $0.52 and last traded at $0.52. 623,134 shares traded hands during mid-day trading, an increase of 31% from the average session volume of 477,392 shares. The stock had previously closed at $0.55.
Separately, Zacks Investment Research raised Denison Mines from a “hold” rating to a “buy” rating and set a $0.50 price target on the stock in a research note on Friday, December 21st.
A number of institutional investors have recently made changes to their positions in the business. Brown Advisory Inc. increased its stake in Denison Mines by 42.5% in the 4th quarter. Brown Advisory Inc. now owns 97,054 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 28,958 shares during the period. Old West Investment Management LLC increased its stake in Denison Mines by 27.8% in the 4th quarter. Old West Investment Management LLC now owns 1,046,886 shares of the basic materials company’s stock worth $485,000 after purchasing an additional 227,804 shares during the period. Prescott Group Capital Management L.L.C. purchased a new position in Denison Mines in the 4th quarter worth approximately $37,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Denison Mines in the 4th quarter worth approximately $7,548,000. Finally, Beutel Goodman & Co Ltd. increased its stake in Denison Mines by 3.0% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 27,025,480 shares of the basic materials company’s stock worth $1,248,000 after purchasing an additional 799,450 shares during the period.
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Denison Mines Company Profile (NYSEAMERICAN:DNN)
Denison Mines Corp. engages in uranium mining related activities in Canada. The company acquires, explores for, and develops uranium properties; and extracts, processes, and sells uranium. Its assets include a 22.50% interest in the McClean Lake uranium processing facility and uranium deposits; a 25.17% interest in the Midwest uranium project; and a 63.3% interest in the Wheeler River project located in northern Saskatchewan.
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