Denison Mines Corp. (NYSEAMERICAN:DNN) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 74.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,060 shares of the basic materials company’s stock after selling 165,485 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Denison Mines were worth $106,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. RPS Advisory Solutions LLC purchased a new stake in shares of Denison Mines during the 2nd quarter worth $46,000. Legacy Capital Group California Inc. lifted its holdings in Denison Mines by 131.7% during the 2nd 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 last quarter. Toronto Dominion Bank lifted its holdings 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 worth $48,000 after buying an additional 6,777 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Denison Mines in the 1st quarter valued at about $51,000. Finally, Tidal Investments LLC raised its position in shares of Denison Mines by 53.9% during the 1st quarter. Tidal Investments LLC now owns 40,049 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 14,018 shares in the last quarter. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. StockNews.com raised Denison Mines to a “sell” rating in a report on Wednesday, July 31st. Roth Mkm reissued a “buy” rating and issued a $2.75 target price (up from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. BMO Capital Markets upgraded Denison Mines from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 25th. Finally, CIBC initiated coverage on Denison Mines in a research note on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 price objective for the company. One analyst has rated the stock with a sell rating, three have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $3.00.

Denison Mines Stock Performance

NYSEAMERICAN DNN opened at $2.16 on Wednesday. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -216.00 and a beta of 1.69. Denison Mines Corp. has a 52-week low of $1.40 and a 52-week high of $2.47. The business’s 50-day moving average is $1.99.

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.