Denison Mines Corp. (NYSEAMERICAN:DNN) Stock Position Decreased by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. decreased its position in Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,757,270 shares of the basic materials company’s stock after selling 544,470 shares during the quarter. Beutel Goodman & Co Ltd. owned approximately 0.75% of Denison Mines worth $12,262,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DNN. Pictet Asset Management Holding SA grew its position in Denison Mines by 18.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 166,179 shares of the basic materials company’s stock valued at $302,000 after acquiring an additional 25,746 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Denison Mines in the 4th quarter valued at $501,000. Arlington Capital Management Inc. grew its holdings in shares of Denison Mines by 6.3% in the 4th quarter. Arlington Capital Management Inc. now owns 469,126 shares of the basic materials company’s stock worth $844,000 after purchasing an additional 27,934 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Denison Mines during the 4th quarter worth about $100,000. Finally, Quantbot Technologies LP increased its holdings in Denison Mines by 119.9% during the 4th quarter. Quantbot Technologies LP now owns 578,113 shares of the basic materials company’s stock valued at $1,041,000 after purchasing an additional 315,262 shares in the last quarter. Institutional investors own 36.74% of the company’s stock.

Denison Mines Trading Down 4.3 %

NYSEAMERICAN DNN opened at $1.33 on Friday. Denison Mines Corp. has a 12-month low of $1.27 and a 12-month high of $2.47. The company has a market cap of $1.19 billion, a P/E ratio of -133.00 and a beta of 1.75. The company has a fifty day simple moving average of $1.66 and a 200 day simple moving average of $1.91.

Wall Street Analyst Weigh In

Separately, Scotiabank reaffirmed an “outperform” rating on shares of Denison Mines in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $3.00.

About Denison Mines

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.