Denison Mines Corp. (NYSEAMERICAN:DNN) Stock Holdings Lowered by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its position in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 13.6% during the third quarter, Holdings Channel reports. The fund owned 402,723 shares of the basic materials company’s stock after selling 63,632 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Denison Mines were worth $732,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers acquired a new stake in shares of Denison Mines in the first quarter valued at approximately $1,758,000. Goehring & Rozencwajg Associates LLC grew its holdings in Denison Mines by 15.5% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 3,579,830 shares of the basic materials company’s stock worth $7,124,000 after buying an additional 479,600 shares in the last quarter. Tidal Investments LLC increased its position in Denison Mines by 53.9% in the 1st quarter. Tidal Investments LLC now owns 40,049 shares of the basic materials company’s stock valued at $78,000 after acquiring an additional 14,018 shares during the period. Azarias Capital Management L.P. raised its stake in Denison Mines by 17.0% during the 2nd quarter. Azarias Capital Management L.P. now owns 3,406,586 shares of the basic materials company’s stock valued at $6,779,000 after acquiring an additional 496,182 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Denison Mines by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 689,160 shares of the basic materials company’s stock worth $1,378,000 after acquiring an additional 13,144 shares during the period. 36.74% of the stock is currently owned by institutional investors.

Denison Mines Price Performance

NYSEAMERICAN DNN opened at $2.32 on Friday. The company has a market cap of $2.07 billion, a P/E ratio of -232.00 and a beta of 1.71. Denison Mines Corp. has a 12 month low of $1.40 and a 12 month high of $2.47. The stock has a 50 day simple moving average of $2.01.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 25th. National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. CIBC initiated coverage on shares of Denison Mines in a report on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 price objective for the company. Roth Mkm reissued a “buy” rating and set a $2.75 target price (up previously from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. Finally, Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $3.00.

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.