Point72 Asset Management L.P. Decreases Holdings in Denison Mines Corp. (NYSEAMERICAN:DNN)

Point72 Asset Management L.P. trimmed its position in Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 5.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,607,600 shares of the basic materials company's stock after selling 528,200 shares during the quarter. Point72 Asset Management L.P. owned 1.08% of Denison Mines worth $17,582,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of Denison Mines by 96.8% during the third quarter. Van ECK Associates Corp now owns 14,574,159 shares of the basic materials company's stock valued at $26,671,000 after purchasing an additional 7,168,934 shares in the last quarter. Lloyd Harbor Capital Management LLC lifted its holdings in Denison Mines by 168.5% during the second quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company's stock worth $12,288,000 after buying an additional 3,875,016 shares during the period. The Manufacturers Life Insurance Company boosted its position in Denison Mines by 499.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,127,950 shares of the basic materials company's stock valued at $7,514,000 after acquiring an additional 3,438,790 shares in the last quarter. Hood River Capital Management LLC increased its holdings in shares of Denison Mines by 9.2% in the 2nd quarter. Hood River Capital Management LLC now owns 25,263,766 shares of the basic materials company's stock valued at $50,275,000 after acquiring an additional 2,138,603 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Denison Mines by 41.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,292,900 shares of the basic materials company's stock worth $5,989,000 after acquiring an additional 963,100 shares in the last quarter. Institutional investors own 36.74% of the company's stock.

Denison Mines Trading Down 1.3 %

DNN stock traded down $0.03 during trading on Friday, hitting $2.29. 22,951,048 shares of the company traded hands, compared to its average volume of 24,138,002. Denison Mines Corp. has a 1 year low of $1.40 and a 1 year high of $2.47. The stock's 50-day moving average is $2.01.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DNN shares. BMO Capital Markets raised shares of Denison Mines from a "market perform" rating to an "outperform" rating in a research report on Wednesday, September 25th. National Bank Financial raised Denison Mines to a "strong-buy" rating in a research report on Tuesday, September 3rd. CIBC assumed coverage on Denison Mines in a research report on Thursday, September 26th. They issued a "sector outperform" rating and a $3.25 price objective for the company. Cibc World Mkts raised Denison Mines to a "strong-buy" rating in a research report on Thursday, September 26th. Finally, Roth Mkm reiterated a "buy" rating and issued a $2.75 price target (up from $2.60) on shares of Denison Mines in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, Denison Mines presently has a consensus rating of "Buy" and an average 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.