Denison Mines Corp. (NYSEAMERICAN:DNN) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 17.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,917 shares of the basic materials company’s stock after selling 21,938 shares during the period. Vontobel Holding Ltd.’s holdings in Denison Mines were worth $185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DNN. Legacy Capital Group California Inc. lifted its stake in shares of Denison Mines by 131.7% during the second quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock worth $46,000 after buying an additional 13,248 shares during the period. RPS Advisory Solutions LLC acquired a new stake in Denison Mines during the 2nd quarter worth about $46,000. Toronto Dominion Bank grew its stake in Denison Mines by 39.4% during the 2nd quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 6,777 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Denison Mines in the first quarter valued at about $51,000. Finally, Tidal Investments LLC raised its stake in shares of Denison Mines by 53.9% in the first quarter. Tidal Investments LLC now owns 40,049 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 14,018 shares during the last quarter. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities 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 report on Wednesday, September 25th. Scotiabank upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, July 2nd. Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. CIBC started coverage on shares of Denison Mines in a report on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 price target on the stock. Finally, Roth Mkm reiterated a “buy” rating and set a $2.75 price objective (up previously from $2.60) on shares of Denison Mines in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $3.00.

Denison Mines Stock Down 5.7 %

DNN opened at $2.16 on Thursday. The firm has a fifty day moving average price of $1.99. Denison Mines Corp. has a fifty-two week low of $1.40 and a fifty-two week high of $2.47. The stock has a market capitalization of $1.93 billion, a PE ratio of 36.00 and a beta of 1.71.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last announced its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $0.97 million during the quarter, compared to analyst estimates of $0.80 million. Denison Mines had a return on equity of 9.45% and a net margin of 950.42%. On average, analysts predict that Denison Mines Corp. will post -0.06 earnings per share for the current year.

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.