Global X Management Co. LLC reduced its stake in Denison Mines Corp (NYSEMKT:DNN) (TSE:DML) by 7.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,379,427 shares of the basic materials company’s stock after selling 1,950,988 shares during the period. Global X Management Co. LLC owned approximately 4.54% of Denison Mines Corp worth $10,944,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Denison Mines Corp by 1.2% in the first quarter. JPMorgan Chase & Co. now owns 5,754,422 shares of the basic materials company’s stock valued at $3,568,000 after buying an additional 68,935 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Denison Mines Corp by 60.3% in the second quarter. Russell Investments Group Ltd. now owns 5,606,910 shares of the basic materials company’s stock valued at $2,419,000 after buying an additional 2,109,842 shares during the last quarter. Norges Bank acquired a new stake in shares of Denison Mines Corp during the fourth quarter valued at $1,065,000. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Denison Mines Corp by 20.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 1,419,280 shares of the basic materials company’s stock valued at $880,000 after buying an additional 239,500 shares during the last quarter. Finally, TD Asset Management Inc. boosted its stake in shares of Denison Mines Corp by 4.1% in the second quarter. TD Asset Management Inc. now owns 540,677 shares of the basic materials company’s stock valued at $433,000 after buying an additional 21,515 shares during the last quarter.
Shares of Denison Mines Corp (NYSEMKT DNN) opened at 0.4649 on Thursday. The firm’s market cap is $259.92 million. The stock has a 50 day moving average of $0.46 and a 200-day moving average of $0.57. Denison Mines Corp has a 1-year low of $0.13 and a 1-year high of $0.84.
A number of equities research analysts recently commented on the stock. ValuEngine cut shares of Denison Mines Corp from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Denison Mines Corp from a “hold” rating to a “buy” rating and set a $0.50 target price for the company in a research report on Monday, July 17th. Credit Suisse Group cut shares of Denison Mines Corp from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 18th. BidaskClub raised shares of Denison Mines Corp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Roth Capital set a $1.00 target price on shares of Denison Mines Corp and gave the company a “buy” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $1.03.
Denison Mines Corp Company Profile
Denison Mines Corp. is a uranium exploration and development company. The Company is engaged in the acquisition, exploration and development of uranium properties, extraction, processing and selling of uranium. The Company operates in three segments: the Mining segment, the Environmental Services segment, and the Corporate and Other segment.
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