Alps Advisors Inc. Sells 6,025,235 Shares of Denison Mine Corp $DNN

Alps Advisors Inc. trimmed its stake in Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,866,962 shares of the basic materials company’s stock after selling 6,025,235 shares during the period. Denison Mine comprises about 0.7% of Alps Advisors Inc.’s investment portfolio, making the stock its 19th largest position. Alps Advisors Inc. owned 0.05% of Denison Mine worth $127,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Denison Mine in the fourth quarter valued at $27,000. Summitry LLC acquired a new position in Denison Mine in the fourth quarter worth $27,000. Aire Advisors LLC acquired a new position in Denison Mine in the third quarter worth $28,000. KERR FINANCIAL PLANNING Corp acquired a new position in Denison Mine in the third quarter worth $28,000. Finally, State of Wyoming acquired a new position in Denison Mine in the fourth quarter worth $28,000. 36.74% of the stock is currently owned by institutional investors.

Denison Mine Trading Up 6.0%

Shares of DNN opened at $3.00 on Friday. The company has a quick ratio of 13.46, a current ratio of 13.77 and a debt-to-equity ratio of 2.81. Denison Mine Corp has a 12-month low of $1.57 and a 12-month high of $4.43. The firm has a market capitalization of $2.71 billion, a PE ratio of -13.04 and a beta of 1.18. The stock’s fifty day simple moving average is $3.54 and its 200-day simple moving average is $3.45.

Analysts Set New Price Targets

A number of equities analysts have commented on DNN shares. Scotiabank reissued an “outperform” rating on shares of Denison Mine in a research note on Thursday, May 14th. Roth Mkm reissued a “buy” rating and issued a $4.25 price objective on shares of Denison Mine in a research note on Wednesday, February 18th. Zacks Research lowered Denison Mine from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Finally, TD Securities boosted their price objective on Denison Mine from $6.00 to $6.50 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.38.

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.