Denison Mines Corp. (NYSEAMERICAN:DNN) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC reduced its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 37.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 168,252 shares of the basic materials company’s stock after selling 100,234 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Denison Mines were worth $335,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers increased its position in shares of Denison Mines by 2.5% during the second quarter. Cetera Investment Advisers now owns 923,715 shares of the basic materials company’s stock worth $1,838,000 after purchasing an additional 22,405 shares in the last quarter. Point72 Asset Management L.P. increased its position in Denison Mines by 0.5% during the second quarter. Point72 Asset Management L.P. now owns 10,135,800 shares of the basic materials company’s stock worth $20,170,000 after buying an additional 46,000 shares during the period. Lloyd Harbor Capital Management LLC lifted its stake in Denison Mines by 168.5% in the second quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company’s stock valued at $12,288,000 after buying an additional 3,875,016 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Denison Mines by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 689,160 shares of the basic materials company’s stock valued at $1,378,000 after acquiring an additional 13,144 shares during the period. Finally, Toronto Dominion Bank grew its position in shares of Denison Mines by 39.4% during the second quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 6,777 shares during the last quarter. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Denison Mines Trading Up 2.1 %

Denison Mines stock opened at $1.92 on Monday. The firm has a market capitalization of $1.71 billion, a P/E ratio of 32.00 and a beta of 1.71. Denison Mines Corp. has a one year low of $1.40 and a one year high of $2.47. The firm has a fifty day simple moving average of $1.98.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last released its quarterly earnings data on Thursday, August 8th. The basic materials company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). Denison Mines had a net margin of 950.42% and a return on equity of 9.45%. The firm had revenue of $0.97 million for the quarter, compared to the consensus estimate of $0.80 million. On average, equities analysts anticipate that Denison Mines Corp. will post -0.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. CIBC started coverage on shares of Denison Mines in a research note on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 price target for the company. Scotiabank upgraded shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, July 2nd. Roth Capital raised Denison Mines to a “strong-buy” rating in a research note on Thursday, June 27th. Roth Mkm assumed coverage on Denison Mines in a research note on Thursday, June 27th. They issued a “buy” rating and a $2.60 target price on the stock. Finally, StockNews.com upgraded Denison Mines to a “sell” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $2.93.

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.