Hood River Capital Management LLC Trims Stock Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Hood River Capital Management LLC reduced its position in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,621,140 shares of the basic materials company's stock after selling 1,801,214 shares during the quarter. Hood River Capital Management LLC owned about 2.97% of Denison Mines worth $47,918,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vantage Point Financial LLC bought a new position in Denison Mines in the fourth quarter worth about $34,000. Commonwealth Equity Services LLC lifted its holdings in shares of 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 valued at $36,000 after purchasing an additional 8,500 shares during the last quarter. Headlands Technologies LLC purchased a new position in Denison Mines during the 4th quarter worth $38,000. Avantax Advisory Services Inc. acquired a new position in Denison Mines during the 4th quarter valued at about $49,000. Finally, Fiduciary Family Office LLC purchased a new stake in Denison Mines in the fourth quarter valued at about $50,000. 36.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Denison Mines Price Performance

Denison Mines stock opened at $1.29 on Wednesday. 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 $1.16 billion, a PE ratio of -129.00 and a beta of 1.75. The business has a 50 day simple moving average of $1.44 and a 200-day simple 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.

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