Heathbridge Capital Management Ltd. Sells 60,300 Shares of Denison Mines Corp. (NYSEAMERICAN:DNN)

Heathbridge Capital Management Ltd. trimmed its position in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 37.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,000 shares of the basic materials company’s stock after selling 60,300 shares during the period. Denison Mines accounts for 0.1% of Heathbridge Capital Management Ltd.’s investment portfolio, making the stock its 28th biggest position. Heathbridge Capital Management Ltd.’s holdings in Denison Mines were worth $181,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DNN. SG Americas Securities LLC bought a new position in Denison Mines in the 3rd quarter valued at $154,000. Legacy Capital Group California Inc. lifted 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 worth $63,000 after acquiring an additional 11,066 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Denison Mines by 96.8% during the 3rd quarter. Van ECK Associates Corp now owns 14,574,159 shares of the basic materials company’s stock worth $26,671,000 after acquiring an additional 7,168,934 shares during the last quarter. Arlington Capital Management Inc. lifted its holdings in shares of Denison Mines by 3.2% during the 3rd quarter. Arlington Capital Management Inc. now owns 441,192 shares of the basic materials company’s stock worth $807,000 after acquiring an additional 13,481 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its holdings in shares of Denison Mines by 5.9% during the 3rd quarter. Confluence Investment Management LLC now owns 257,386 shares of the basic materials company’s stock worth $471,000 after acquiring an additional 14,247 shares during the last quarter. 36.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reiterated a “buy” rating and issued a $2.75 target price (up previously from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. One 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $3.00.

Denison Mines Stock Performance

Shares of DNN opened at $1.62 on Friday. Denison Mines Corp. has a 1 year low of $1.40 and a 1 year high of $2.47. The firm’s 50 day moving average is $1.97. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -162.00 and a beta of 1.75.

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.