Mirae Asset Global Investments Co. Ltd. Has $76.68 Million Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 19.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,324,279 shares of the basic materials company’s stock after selling 9,684,606 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 4.41% of Denison Mines worth $76,682,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Glenorchy Capital Ltd acquired a new position in Denison Mines during the 4th quarter worth about $25,000. Avantax Advisory Services Inc. lifted its stake in shares of Denison Mines by 47.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 18,600 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 6,000 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Denison Mines in the 4th quarter valued at about $34,000. &PARTNERS acquired a new position in shares of Denison Mines in the 1st quarter valued at about $34,000. Finally, Anchor Investment Management LLC acquired a new position in shares of Denison Mines in the 4th quarter valued at about $46,000. 36.74% of the stock is owned by institutional investors and hedge funds.

Denison Mines Stock Down 2.8 %

Shares of DNN stock traded down $0.06 during trading on Friday, hitting $2.06. The company’s stock had a trading volume of 7,351,500 shares, compared to its average volume of 12,471,618. The firm has a market cap of $1.84 billion, a PE ratio of 30.29 and a beta of 1.73. Denison Mines Corp. has a 52 week low of $1.15 and a 52 week high of $2.47.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last released its earnings results on Wednesday, May 8th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Denison Mines had a return on equity of 12.96% and a net margin of 888.36%. The company had revenue of $0.62 million during the quarter. On average, research analysts expect that Denison Mines Corp. will post -0.06 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DNN shares. StockNews.com raised Denison Mines to a “sell” rating in a research note on Sunday, May 19th. Scotiabank raised Denison Mines to a “strong-buy” rating in a research note on Tuesday. Roth Capital raised Denison Mines to a “strong-buy” rating in a research note on Thursday, June 27th. Finally, Roth Mkm started coverage on Denison Mines in a research note on Thursday, June 27th. They set a “buy” rating and a $2.60 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $2.60.

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.