HTLF Bank Sells 336,000 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

HTLF Bank lessened its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 64.4% during the third quarter, Holdings Channel.com reports. The firm owned 186,000 shares of the basic materials company’s stock after selling 336,000 shares during the period. HTLF Bank’s holdings in Denison Mines were worth $340,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. &PARTNERS acquired a new position in Denison Mines during the first quarter worth $34,000. RPS Advisory Solutions LLC acquired a new stake in shares of Denison Mines in the 2nd quarter worth about $46,000. Legacy Capital Group California Inc. raised its holdings in shares of Denison Mines by 131.7% in the 2nd quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 13,248 shares during the last quarter. Toronto Dominion Bank lifted its position in Denison Mines by 39.4% in the 2nd quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 6,777 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Denison Mines during the 1st quarter valued at about $51,000. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Denison Mines Stock Performance

DNN stock opened at $1.94 on Wednesday. The stock has a market capitalization of $1.73 billion, a PE ratio of 32.25 and a beta of 1.71. The stock has a fifty day simple moving average of $1.98. Denison Mines Corp. has a 1-year low of $1.40 and a 1-year high of $2.47.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last released its earnings results on Thursday, August 8th. The basic materials company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $0.97 million for the quarter, compared to analysts’ expectations of $0.80 million. Denison Mines had a return on equity of 9.45% and a net margin of 950.42%. As a group, equities research analysts forecast that Denison Mines Corp. will post -0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DNN. National Bank Financial raised Denison Mines to a “strong-buy” rating in a research note on Tuesday, September 3rd. Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. BMO Capital Markets raised shares of Denison Mines from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 25th. CIBC started coverage on shares of Denison Mines in a research note on Thursday, September 26th. They issued a “sector outperform” rating and a $3.25 target price for the company. Finally, StockNews.com raised shares of Denison Mines to a “sell” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $2.93.

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.