In recent trading session, Denison Mines Corp (AMEX:DNN) saw 3.46 million shares changing hands at last check today with its beta currently measuring 1.77. Company’s recent per share price level of $1.76 trading at $0.01 or 0.57% at last check today assigns it a market valuation of $1.56B. That most recent trading price of DNN’s stock is at a discount of -1.7% from its 52-week high price of $1.79 and is indicating a premium of 47.73% from its 52-week low price of $0.92. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.66 million shares which gives us an average trading volume of 9.42 million if we extend that period to 3-months.
For Denison Mines Corp (DNN), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.57. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $Ginkgo Bioworks Holdings, Inc. in the current quarter.
Top 5 EV Tech Stocks to Buy for 2023
The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".
Click Here to Download the FREE Report.
Sponsored
Denison Mines Corp (AMEX:DNN) trade information
Upright in the green today for gaining 0.57%, in the last five days DNN remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $1.76 price level, adding 1.12% to its value on the day. Denison Mines Corp’s shares saw a change of 53.04% in year-to-date performance and have moved 10.69% in past 5-day. Denison Mines Corp (AMEX:DNN) showed a performance of 15.03% in past 30-days. Number of shares sold short was 37.13 million shares which calculate 3.52 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $2.53 to the stock, which implies a rise of 30.43% to its recent value today. Analysts have been projecting $1.66 as a low price target for the stock while placing it at a high target of $4.94. It follows that stock’s current price would drop -180.68% in reaching the projected high whereas dropping to the targeted low would mean a gain of 5.68% for stock’s current value.
Denison Mines Corp (DNN) estimates and forecasts
Statistics highlight that Denison Mines Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 64.49% of value to its shares in past 6 months, showing an annual growth rate of 100.00% while that of industry is 7.50. Apart from that, the company came raising its revenue forecast for fiscal year 2023.
DNN Dividends
Denison Mines Corp is more likely to be releasing its next quarterly report on November 08 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Denison Mines Corp (AMEX:DNN)’s Major holders
Insiders are in possession of 0.56% of company’s total shares while institution are holding 38.98 percent of that, with stock having share float percentage of 39.20%. Investors also watch the number of corporate investors in a company very closely, which is 38.98% institutions for Denison Mines Corp that are currently holding shares of the company. Mirae Asset Global Investments Co., Ltd. is the top institutional holder at DNN for having 42.89 million shares of worth $53.62 million. And as of Jun 29, 2023, it was holding 4.83% of the company’s outstanding shares.
The second largest institutional holder is Alps Advisors Inc., which was holding about 38.02 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 4.28% of outstanding shares, having a total worth of $47.53 million.
On the other hand, Global X Fds-Global X Uranium ETF and Sprott Uranium Miners ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 42.86 million shares of worth $70.72 million or 4.82% of the total outstanding shares. The later fund manager was in possession of 36.63 million shares on Jun 29, 2023, making its stake of worth around $45.78 million in the company or a holder of 4.12% of company’s stock.