Barclays PLC Lowers Stock Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Barclays PLC cut its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 87.4% during the third quarter, Holdings Channel.com reports. 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 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hood River Capital Management LLC grew 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 purchasing an additional 2,138,603 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Denison Mines by 96.8% in the 3rd quarter. Van ECK Associates Corp now owns 14,574,159 shares of the basic materials company’s stock worth $26,671,000 after buying an additional 7,168,934 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of Denison Mines by 0.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 10,135,800 shares of the basic materials company’s stock worth $20,170,000 after acquiring an additional 46,000 shares in the last quarter. Bridgewater Associates LP lifted its position in Denison Mines by 10.2% during the third quarter. Bridgewater Associates LP now owns 8,359,815 shares of the basic materials company’s stock valued at $15,298,000 after acquiring an additional 774,441 shares during the last quarter. Finally, Lloyd Harbor Capital Management LLC boosted 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 acquiring an additional 3,875,016 shares in the last quarter. 36.74% of the stock is owned by hedge funds and other institutional investors.

Denison Mines Price Performance

Shares of DNN stock opened at $2.08 on Friday. The stock has a fifty day moving average price of $2.01. Denison Mines Corp. has a 1 year low of $1.40 and a 1 year high of $2.47. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of -208.00 and a beta of 1.71.

Wall Street Analyst Weigh In

DNN has been the topic of a number of recent analyst reports. Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. Roth Mkm reaffirmed a “buy” rating and set a $2.75 target price (up from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. CIBC began coverage on Denison Mines in a report on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 price target for the company. Finally, BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $3.00.

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.