Heathbridge Capital Management Ltd. Cuts Stock Position in Denison Mines Corp. (NYSEAMERICAN:DNN)

Heathbridge Capital Management Ltd. lessened its stake in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 37.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 100,000 shares of the basic materials company’s stock after selling 60,300 shares during the quarter. Denison Mines accounts for 0.1% of Heathbridge Capital Management Ltd.’s investment portfolio, making the stock its 28th biggest holding. Heathbridge Capital Management Ltd.’s holdings in Denison Mines were worth $181,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. grew its stake in shares of Denison Mines by 92.6% during the fourth quarter. Vontobel Holding Ltd. now owns 196,336 shares of the basic materials company’s stock worth $356,000 after acquiring an additional 94,419 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Denison Mines by 43.3% during the fourth quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company’s stock worth $37,595,000 after acquiring an additional 6,305,332 shares during the last quarter. Vantage Point Financial LLC purchased a new stake in shares of Denison Mines during the fourth quarter worth about $34,000. Fiduciary Family Office LLC purchased a new stake in shares of Denison Mines during the fourth quarter worth about $50,000. Finally, Confluence Investment Management LLC grew its stake in shares of Denison Mines by 3.8% during the fourth quarter. Confluence Investment Management LLC now owns 267,217 shares of the basic materials company’s stock worth $481,000 after acquiring an additional 9,831 shares during the last quarter. Hedge funds and other institutional investors own 36.74% of the company’s stock.

Analyst Ratings Changes

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

Denison Mines Price Performance

Denison Mines stock opened at $1.62 on Friday. Denison Mines Corp. has a 52 week low of $1.40 and a 52 week high of $2.47. The firm has a market capitalization of $1.45 billion, a P/E ratio of -162.00 and a beta of 1.75. The business’s 50-day moving average price is $1.97.

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.