Denison Mines Corp. (NYSEAMERICAN:DNN) Holdings Cut by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC reduced its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,710,097 shares of the basic materials company’s stock after selling 134,012 shares during the period. Denison Mines accounts for 1.4% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 28th biggest holding. Goehring & Rozencwajg Associates LLC’s holdings in Denison Mines were worth $7,086,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of DNN. Integrated Investment Consultants LLC purchased a new position in Denison Mines in the third quarter valued at about $27,000. Vantage Point Financial LLC acquired a new stake in shares of Denison Mines during the 4th quarter valued at about $34,000. Fiduciary Family Office LLC bought a new stake in shares of Denison Mines in the 4th quarter valued at approximately $50,000. Continuum Advisory LLC increased its holdings in Denison Mines by 78.5% in 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 last quarter. Finally, Legacy Capital Group California Inc. increased its holdings in Denison Mines by 47.5% in the third quarter. Legacy Capital Group California Inc. now owns 34,372 shares of the basic materials company’s stock worth $63,000 after buying an additional 11,066 shares during the last quarter. 36.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reiterated a “buy” rating and issued a $2.75 target price (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 assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, Denison Mines currently has an average rating of “Buy” and an average price target of $3.00.

Denison Mines Stock Performance

Shares of NYSEAMERICAN DNN opened at $1.81 on Friday. The firm’s 50-day moving average is $1.99. Denison Mines Corp. has a 52 week low of $1.40 and a 52 week high of $2.47. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -181.00 and a beta of 1.75.

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.