Azarias Capital Management L.P. Lowers Stock Holdings in Denison Mines Corp. (NYSEAMERICAN:DNN)

Azarias Capital Management L.P. lowered its position in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,326,586 shares of the basic materials company's stock after selling 200,000 shares during the period. Denison Mines comprises approximately 2.7% of Azarias Capital Management L.P.'s holdings, making the stock its 18th largest position. Azarias Capital Management L.P. owned about 0.37% of Denison Mines worth $5,988,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in DNN. Integrated Investment Consultants LLC purchased a new position in shares of Denison Mines in the 3rd quarter valued at about $27,000. Vantage Point Financial LLC acquired a new position in Denison Mines during the fourth quarter worth about $34,000. Fiduciary Family Office LLC purchased a new position in Denison Mines in the fourth quarter valued at about $50,000. Continuum Advisory LLC lifted its position in shares of Denison Mines by 78.5% during the 3rd quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company's stock valued at $61,000 after acquiring an additional 14,688 shares during the period. Finally, Legacy Capital Group California Inc. boosted its stake in shares of Denison Mines by 47.5% during the 3rd quarter. Legacy Capital Group California Inc. now owns 34,372 shares of the basic materials company's stock worth $63,000 after acquiring an additional 11,066 shares in the last quarter. Hedge funds and other institutional investors own 36.74% of the company's stock.

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Wall Street Analyst Weigh In

Separately, Roth Mkm reaffirmed a "buy" rating and issued a $2.75 price objective (up from $2.60) on shares of Denison Mines in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, three have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, Denison Mines presently has an average rating of "Buy" and an average target price of $3.00.

Denison Mines Stock Performance

Shares of DNN traded down $0.13 during mid-day trading on Monday, reaching $1.62. 53,104,818 shares of the company's stock were exchanged, compared to its average volume of 35,773,492. Denison Mines Corp. has a 52-week low of $1.40 and a 52-week high of $2.47. The company has a market cap of $1.45 billion, a P/E ratio of -162.00 and a beta of 1.75. The stock's 50-day simple moving average is $1.97.

About Denison Mines

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.