Denison Mines Corp. (NYSEAMERICAN:DNN) Shares Sold by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. cut its holdings in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,757,270 shares of the basic materials company's stock after selling 544,470 shares during the period. Beutel Goodman & Co Ltd. owned 0.75% of Denison Mines worth $12,262,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DNN. Vantage Point Financial LLC acquired a new stake in shares of Denison Mines during the fourth quarter valued at about $34,000. Commonwealth Equity Services LLC increased its holdings in Denison Mines by 74.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,964 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 8,500 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in Denison Mines in the fourth quarter valued at approximately $49,000. Fiduciary Family Office LLC acquired a new position in Denison Mines during the fourth quarter worth $50,000. Finally, Continuum Advisory LLC boosted its position in shares of 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 buying an additional 14,688 shares during the period. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Scotiabank reiterated an "outperform" rating on shares of Denison Mines in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $3.00.

Remove Ads

Denison Mines Stock Performance

Shares of Denison Mines stock remained flat at $1.30 during trading hours on Tuesday. The stock had a trading volume of 79,435,126 shares, compared to its average volume of 26,237,773. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -130.00 and a beta of 1.75. Denison Mines Corp. has a 1-year low of $1.27 and a 1-year high of $2.47. The firm has a 50-day moving average of $1.65 and a two-hundred day moving average of $1.90.

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.