UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 71.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 925,828 shares of the basic materials company’s stock after selling 2,274,250 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of Denison Mines worth $1,666,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DNN. Van ECK Associates Corp boosted its stake in Denison Mines by 43.3% during the fourth quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company’s stock worth $37,595,000 after acquiring an additional 6,305,332 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Denison Mines by 393.3% during the fourth quarter. Millennium Management LLC now owns 5,122,978 shares of the basic materials company’s stock valued at $9,221,000 after purchasing an additional 4,084,401 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Denison Mines in the 4th quarter worth approximately $501,000. Summit Financial LLC bought a new stake in shares of Denison Mines in the 4th quarter worth approximately $4,283,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Denison Mines in the 4th quarter worth approximately $1,939,000. 36.74% of the stock is owned by hedge funds and other institutional investors.

Denison Mines Stock Up 3.7%

Shares of DNN opened at $1.68 on Monday. The company has a market capitalization of $1.50 billion, a P/E ratio of -168.00 and a beta of 1.75. Denison Mines Corp. has a twelve month low of $1.08 and a twelve month high of $2.47. The firm has a 50 day moving average of $1.44 and a 200 day moving average of $1.77.

Analysts Set New Price Targets

A number of brokerages have issued reports on DNN. Desjardins initiated coverage on Denison Mines in a research note on Friday, April 4th. They set a “buy” rating for the company. Scotiabank reaffirmed an “outperform” rating on shares of Denison Mines in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $3.00.

Denison Mines Company 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.