Stifel Financial Corp Has $483,000 Stock Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Stifel Financial Corp lessened its stake in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 4.8% in the third quarter, Holdings Channel reports. The firm owned 264,074 shares of the basic materials company’s stock after selling 13,387 shares during the quarter. Stifel Financial Corp’s holdings in Denison Mines were worth $483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp increased its holdings in shares of Denison Mines by 96.8% during the third quarter. Van ECK Associates Corp now owns 14,574,159 shares of the basic materials company’s stock worth $26,671,000 after buying an additional 7,168,934 shares in the last quarter. Lloyd Harbor Capital Management LLC raised its position in Denison Mines by 168.5% in the second quarter. Lloyd Harbor Capital Management LLC now owns 6,175,016 shares of the basic materials company’s stock valued at $12,288,000 after purchasing an additional 3,875,016 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Denison Mines by 499.0% during the third quarter. The Manufacturers Life Insurance Company now owns 4,127,950 shares of the basic materials company’s stock valued at $7,514,000 after purchasing an additional 3,438,790 shares in the last quarter. Hood River Capital Management LLC grew its holdings in shares of Denison Mines by 9.2% during the second quarter. Hood River Capital Management LLC now owns 25,263,766 shares of the basic materials company’s stock worth $50,275,000 after purchasing an additional 2,138,603 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Denison Mines by 41.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,292,900 shares of the basic materials company’s stock worth $5,989,000 after purchasing an additional 963,100 shares during the last quarter. Institutional investors own 36.74% of the company’s stock.

Denison Mines Stock Performance

DNN stock opened at $1.87 on Friday. The stock has a fifty day simple moving average of $2.02. The stock has a market capitalization of $1.67 billion, a PE ratio of -187.00 and a beta of 1.71. Denison Mines Corp. has a 1-year low of $1.40 and a 1-year high of $2.47.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DNN. National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. Roth Mkm restated a “buy” rating and set a $2.75 price target (up previously from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 25th. CIBC began coverage on Denison Mines in a research report on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 target price on the stock. Finally, Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. One equities 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. Based on data from MarketBeat.com, Denison Mines currently has a consensus rating of “Buy” and an average target price of $3.00.

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.