Barclays PLC Sells 2,049,399 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

Barclays PLC lessened its holdings in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 87.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 294,201 shares of the basic materials company’s stock after selling 2,049,399 shares during the period. Barclays PLC’s holdings in Denison Mines were worth $540,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Integrated Investment Consultants LLC purchased a new position in Denison Mines during the third quarter valued at $27,000. Toronto Dominion Bank lifted its position in shares of 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 buying an additional 6,777 shares in the last quarter. Continuum Advisory LLC grew its stake in shares of Denison Mines by 78.5% during the 3rd quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 14,688 shares during the period. Legacy Capital Group California Inc. grew its stake in shares of Denison Mines by 47.5% during the 3rd quarter. Legacy Capital Group California Inc. now owns 34,372 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 11,066 shares during the period. Finally, SevenBridge Financial Group LLC increased its holdings in Denison Mines by 54.2% in the 3rd quarter. SevenBridge Financial Group LLC now owns 37,000 shares of the basic materials company’s stock worth $68,000 after acquiring an additional 13,000 shares in the last quarter. Institutional investors own 36.74% of the company’s stock.

Denison Mines Stock Performance

DNN stock opened at $2.08 on Friday. Denison Mines Corp. has a twelve month low of $1.40 and a twelve month high of $2.47. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -208.00 and a beta of 1.71. The stock has a fifty day simple moving average of $2.01.

Wall Street Analysts Forecast Growth

DNN has been the topic of several research analyst reports. Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 25th. CIBC began coverage on shares of Denison Mines in a report on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 price objective for the company. 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 report on Wednesday, October 23rd. 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $3.00.

About Denison Mines

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.