Barclays PLC Cuts Stock Holdings in Denison Mines Corp. (NYSEAMERICAN:DNN)

Barclays PLC reduced its position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 87.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 294,201 shares of the basic materials company's stock after selling 2,049,399 shares during the quarter. Barclays PLC's holdings in Denison Mines were worth $540,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Integrated Investment Consultants LLC bought a new position in Denison Mines during the 3rd quarter valued at $27,000. Toronto Dominion Bank lifted its position in shares of Denison Mines by 39.4% during the second quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 6,777 shares in the last quarter. Continuum Advisory LLC boosted its holdings in Denison Mines by 78.5% during the third quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company's stock worth $61,000 after purchasing an additional 14,688 shares during the last quarter. Legacy Capital Group California Inc. grew its position in Denison Mines by 47.5% in the 3rd quarter. Legacy Capital Group California Inc. now owns 34,372 shares of the basic materials company's stock worth $63,000 after purchasing an additional 11,066 shares in the last quarter. Finally, SevenBridge Financial Group LLC increased its stake 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 valued at $68,000 after buying an additional 13,000 shares during the last quarter. Institutional investors own 36.74% of the company's stock.

Denison Mines Trading Up 1.0 %

NYSEAMERICAN DNN traded up $0.02 during midday trading on Friday, hitting $2.10. 32,192,789 shares of the company traded hands, compared to its average volume of 30,804,744. The stock has a market capitalization of $1.87 billion, a P/E ratio of -210.00 and a beta of 1.71. Denison Mines Corp. has a 52 week low of $1.40 and a 52 week high of $2.47. The firm has a 50-day simple moving average of $2.01.

Analysts Set New Price Targets

DNN has been the topic of several research analyst reports. Cibc World Mkts upgraded Denison Mines to a "strong-buy" rating in a research note on Thursday, September 26th. Roth Mkm reaffirmed a "buy" rating and set a $2.75 price objective (up previously from $2.60) on shares of Denison Mines in a research note on Wednesday, October 23rd. CIBC initiated coverage on Denison Mines in a research report on Thursday, September 26th. They set 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 research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Denison Mines currently has a consensus rating of "Buy" and a consensus 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.