Denison Mines Corp. (NYSEAMERICAN:DNN) Stake Lessened by Azarias Capital Management L.P.

Azarias Capital Management L.P. decreased its holdings in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,326,586 shares of the basic materials company’s stock after selling 200,000 shares during the quarter. Denison Mines makes up 2.7% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 18th largest position. Azarias Capital Management L.P.’s holdings in Denison Mines were worth $5,988,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of DNN. Integrated Investment Consultants LLC purchased a new position in Denison Mines during the third quarter valued at approximately $27,000. Vantage Point Financial LLC purchased a new position in Denison Mines in the fourth quarter valued at about $34,000. Fiduciary Family Office LLC acquired a new position in Denison Mines in the 4th quarter worth about $50,000. Continuum Advisory LLC increased its holdings in Denison Mines by 78.5% in the third quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company’s stock worth $61,000 after buying an additional 14,688 shares during the last quarter. Finally, Legacy Capital Group California Inc. raised its holdings in shares of Denison Mines by 47.5% during the 3rd quarter. Legacy Capital Group California Inc. now owns 34,372 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 11,066 shares in the last quarter. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm restated a “buy” rating and set a $2.75 target price (up from $2.60) on shares of Denison Mines in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $3.00.

Denison Mines Stock Up 0.6 %

NYSEAMERICAN:DNN opened at $1.76 on Thursday. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of -176.00 and a beta of 1.75. Denison Mines Corp. has a 1 year low of $1.40 and a 1 year high of $2.47. The firm has a fifty day moving average price of $1.98.

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.