Zurcher Kantonalbank Zurich Cantonalbank Sells 23,316 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

Zurcher Kantonalbank Zurich Cantonalbank cut its position in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 9.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 229,426 shares of the basic materials company’s stock after selling 23,316 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Denison Mines were worth $418,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Hood River Capital Management LLC boosted its stake in Denison Mines by 9.2% in the second quarter. Hood River Capital Management LLC now owns 25,263,766 shares of the basic materials company’s stock valued at $50,275,000 after buying an additional 2,138,603 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Denison Mines by 96.8% in the third quarter. Van ECK Associates Corp now owns 14,574,159 shares of the basic materials company’s stock worth $26,671,000 after acquiring an additional 7,168,934 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Denison Mines by 0.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 10,135,800 shares of the basic materials company’s stock valued at $20,170,000 after purchasing an additional 46,000 shares in the last quarter. Bridgewater Associates LP grew its holdings in shares of Denison Mines by 10.2% during the 3rd quarter. Bridgewater Associates LP now owns 8,359,815 shares of the basic materials company’s stock valued at $15,298,000 after purchasing an additional 774,441 shares during the last quarter. Finally, Lloyd Harbor Capital Management LLC increased its position in Denison Mines by 168.5% during the 2nd quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company’s stock worth $12,288,000 after purchasing an additional 3,875,016 shares in the last quarter. Institutional investors own 36.74% of the company’s stock.

Denison Mines Stock Performance

NYSEAMERICAN:DNN opened at $2.29 on Friday. Denison Mines Corp. has a 52 week low of $1.40 and a 52 week high of $2.47. The company has a fifty day moving average price of $2.01. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -229.00 and a beta of 1.71.

Analyst Upgrades and Downgrades

DNN has been the topic of a number of research reports. National Bank Financial raised shares of Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. Roth Mkm reaffirmed a “buy” rating and issued a $2.75 target price (up previously 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 report on Wednesday, September 25th. Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. Finally, CIBC assumed coverage on shares of Denison Mines in a report on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Denison Mines has a consensus rating of “Buy” and an average price target of $3.00.

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.