DAVENPORT & Co LLC Sells 1,218,250 Shares of Denison Mine Corp $DNN

DAVENPORT & Co LLC trimmed its stake in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 17.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,904,750 shares of the basic materials company’s stock after selling 1,218,250 shares during the quarter. DAVENPORT & Co LLC’s holdings in Denison Mine were worth $15,707,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC raised its holdings in shares of Denison Mine by 26.1% during the fourth quarter. Park Avenue Securities LLC now owns 17,068 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 3,533 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Denison Mine by 65.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 11,515 shares of the basic materials company’s stock valued at $32,000 after buying an additional 4,563 shares during the period. Cetera Investment Advisers grew its stake in shares of Denison Mine by 0.6% in the 2nd quarter. Cetera Investment Advisers now owns 954,140 shares of the basic materials company’s stock valued at $1,737,000 after buying an additional 5,452 shares during the period. Scotia Capital Inc. increased its position in Denison Mine by 2.5% in the 2nd quarter. Scotia Capital Inc. now owns 240,107 shares of the basic materials company’s stock valued at $437,000 after buying an additional 5,818 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in Denison Mine by 77.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 15,655 shares of the basic materials company’s stock worth $43,000 after buying an additional 6,837 shares during the period. 36.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Raymond James Financial reiterated an “outperform” rating on shares of Denison Mine in a report on Wednesday, January 14th. Scotiabank reaffirmed an “outperform” rating on shares of Denison Mine in a research report on Friday, February 20th. Roth Mkm reiterated a “buy” rating and issued a $4.25 target price on shares of Denison Mine in a report on Wednesday, February 18th. Zacks Research raised shares of Denison Mine from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Finally, TD Securities boosted their price target on shares of Denison Mine from $6.00 to $6.50 and gave the company a “buy” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat, Denison Mine currently has an average rating of “Buy” and an average price target of $5.38.

Denison Mine Price Performance

Shares of NYSEAMERICAN DNN opened at $3.57 on Thursday. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -21.00 and a beta of 1.18. The company has a debt-to-equity ratio of 1.66, a quick ratio of 10.51 and a current ratio of 10.75. Denison Mine Corp has a fifty-two week low of $1.08 and a fifty-two week high of $4.43. The firm’s 50-day simple moving average is $3.87 and its 200 day simple moving average is $3.14.

Denison Mine Profile

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.