Bridgewater Associates LP Sells 2,898,491 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

Bridgewater Associates LP lessened its position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 34.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,461,324 shares of the basic materials company's stock after selling 2,898,491 shares during the quarter. Bridgewater Associates LP owned approximately 0.61% of Denison Mines worth $9,830,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DNN. Vantage Point Financial LLC purchased a new stake in shares of Denison Mines in the fourth quarter worth approximately $34,000. Commonwealth Equity Services LLC boosted its holdings in Denison Mines by 74.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock worth $36,000 after acquiring an additional 8,500 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Denison Mines in the fourth quarter valued at about $38,000. Avantax Advisory Services Inc. bought a new position in shares of Denison Mines during the fourth quarter valued at about $49,000. Finally, Fiduciary Family Office LLC purchased a new position in Denison Mines during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 36.74% of the company's stock.

Analyst Ratings Changes

DNN has been the topic of a number of recent analyst reports. Scotiabank reiterated an "outperform" rating on shares of Denison Mines in a research note on Tuesday, March 25th. Desjardins initiated coverage on shares of Denison Mines in a research note on Friday, April 4th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $3.00.

Denison Mines Trading Up 3.8 %

Shares of NYSEAMERICAN:DNN traded up $0.05 during trading on Friday, reaching $1.38. The company had a trading volume of 48,057,779 shares, compared to its average volume of 29,220,893. Denison Mines Corp. has a 12 month low of $1.08 and a 12 month high of $2.47. The stock has a market capitalization of $1.24 billion, a P/E ratio of -138.00 and a beta of 1.75. The company has a fifty day moving average of $1.45 and a two-hundred day moving average of $1.83.

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.