PCJ Investment Counsel Ltd. Has $1.45 Million Holdings in Denison Mines Corp. (NYSEAMERICAN:DNN)

PCJ Investment Counsel Ltd. cut its position in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 39.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 794,390 shares of the basic materials company’s stock after selling 528,210 shares during the quarter. PCJ Investment Counsel Ltd.’s holdings in Denison Mines were worth $1,445,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RPS Advisory Solutions LLC acquired a new position in Denison Mines in the second quarter valued at about $46,000. Legacy Capital Group California Inc. boosted its position in Denison Mines by 131.7% in the second quarter. Legacy Capital Group California Inc. now owns 23,306 shares of the basic materials company’s stock valued at $46,000 after buying an additional 13,248 shares in the last quarter. Toronto Dominion Bank boosted its position in Denison Mines by 39.4% in the second quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company’s stock valued at $48,000 after buying an additional 6,777 shares in the last quarter. Tidal Investments LLC boosted its position in Denison Mines by 53.9% in the first quarter. Tidal Investments LLC now owns 40,049 shares of the basic materials company’s stock valued at $78,000 after buying an additional 14,018 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Denison Mines in the third quarter valued at about $154,000. 36.74% of the stock is currently owned by institutional investors and hedge funds.

Denison Mines Stock Performance

DNN opened at $2.37 on Wednesday. The company has a market capitalization of $2.12 billion, a P/E ratio of -237.00 and a beta of 1.69. The business’s 50 day simple moving average is $1.99. Denison Mines Corp. has a fifty-two week low of $1.40 and a fifty-two week high of $2.47.

Analysts Set New Price Targets

DNN has been the topic of a number of research reports. Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. CIBC initiated coverage on shares of 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. National Bank Financial upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Tuesday, September 3rd. StockNews.com upgraded shares of Denison Mines to a “sell” rating in a research report on Wednesday, July 31st. Finally, Roth Mkm reiterated a “buy” rating and set a $2.75 target price (up from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $3.00.

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.