Stifel Financial Corp Has $483,000 Holdings in Denison Mines Corp. (NYSEAMERICAN:DNN)

Stifel Financial Corp reduced its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 264,074 shares of the basic materials company’s stock after selling 13,387 shares during the quarter. Stifel Financial Corp’s holdings in Denison Mines were worth $483,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in Denison Mines by 39.9% in the second quarter. Van ECK Associates Corp now owns 7,405,225 shares of the basic materials company’s stock worth $14,748,000 after acquiring an additional 2,111,912 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Denison Mines by 8.2% during the 2nd quarter. CIBC Asset Management Inc now owns 1,041,079 shares of the basic materials company’s stock valued at $2,084,000 after acquiring an additional 78,963 shares during the last quarter. Rathbones Group PLC boosted its position in Denison Mines by 66.0% during the second quarter. Rathbones Group PLC now owns 96,300 shares of the basic materials company’s stock worth $193,000 after purchasing an additional 38,300 shares during the period. Dimensional Fund Advisors LP grew its holdings in Denison Mines by 20.3% during the second quarter. Dimensional Fund Advisors LP now owns 784,554 shares of the basic materials company’s stock valued at $1,562,000 after purchasing an additional 132,141 shares during the last quarter. Finally, Old West Investment Management LLC lifted its stake in shares of Denison Mines by 1.2% in the second quarter. Old West Investment Management LLC now owns 1,437,886 shares of the basic materials company’s stock worth $2,861,000 after buying an additional 17,648 shares during the last quarter. 36.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DNN shares. CIBC assumed coverage on shares of Denison Mines in a research report on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 price objective for the company. Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. Roth Mkm reiterated a “buy” rating and set a $2.75 price target (up previously from $2.60) on shares of Denison Mines in a research note on Wednesday, October 23rd. National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, 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. One analyst has rated the stock with a sell rating, three have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Denison Mines presently has an average rating of “Buy” and an average target price of $3.00.

Denison Mines Stock Performance

NYSEAMERICAN:DNN opened at $1.87 on Friday. The company has a market capitalization of $1.67 billion, a P/E ratio of -187.00 and a beta of 1.71. The stock’s 50-day moving average price is $2.02. Denison Mines Corp. has a 52-week low of $1.40 and a 52-week high of $2.47.

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.