Bridgewater Associates LP Trims Stock Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Bridgewater Associates LP trimmed its holdings in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 34.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,461,324 shares of the basic materials company’s stock after selling 2,898,491 shares during the period. Bridgewater Associates LP owned approximately 0.61% of Denison Mines worth $9,830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DNN. Public Employees Retirement System of Ohio purchased a new stake in shares of Denison Mines in the 3rd quarter valued at approximately $423,000. Geode Capital Management LLC increased its holdings in Denison Mines by 8.8% in the 3rd quarter. Geode Capital Management LLC now owns 420,723 shares of the basic materials company’s stock valued at $769,000 after purchasing an additional 34,192 shares during the last quarter. Confluence Investment Management LLC raised its position in Denison Mines by 3.8% in the fourth quarter. Confluence Investment Management LLC now owns 267,217 shares of the basic materials company’s stock valued at $481,000 after purchasing an additional 9,831 shares during the period. Fiduciary Family Office LLC acquired a new position in Denison Mines during the fourth quarter worth $50,000. Finally, Vantage Point Financial LLC purchased a new position in shares of Denison Mines during the fourth quarter worth $34,000. Institutional investors and hedge funds own 36.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DNN. Scotiabank reiterated an “outperform” rating on shares of Denison Mines in a report on Tuesday, March 25th. Desjardins assumed coverage on Denison Mines in a research report on Friday, April 4th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Denison Mines presently has a consensus rating of “Buy” and an average target price of $3.00.

Denison Mines Stock Up 4.7 %

Shares of NYSEAMERICAN DNN opened at $1.33 on Thursday. The business has a 50-day moving average price of $1.47 and a 200 day moving average price of $1.84. The stock has a market cap of $1.19 billion, a PE ratio of -133.00 and a beta of 1.75. Denison Mines Corp. has a 52-week low of $1.08 and a 52-week high of $2.47.

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.