Denison Mines Corp (DNN): Why Is The Stock Strong?

Denison Mines Corp (AMEX:DNN) has a beta value of 1.68 and has seen 13.93 million shares traded in the last trading session. The company, currently valued at $1.84B, closed the last trade at $2.07 per share which meant it lost -$0.07 on the day or -3.27% during that session. The DNN stock price is -8.21% off its 52-week high price of $2.24 and 52.66% above the 52-week low of $0.98. If we look at the company’s 10-day average daily trading volume, we find that it stood at 15.59 million shares traded. The 3-month trading volume is 14.71 million shares.

Denison Mines Corp (AMEX:DNN) trade information

Sporting -3.27% in the red in last session, when the DNN stock price touched $2.07 or saw a rise of 7.59%. Year-to-date, Denison Mines Corp shares have moved 16.95%, while the 5-day performance has seen it change 0.00%. Over the past 30 days, the shares of Denison Mines Corp (AMEX:DNN) have changed 5.61%. Short interest in the company has seen 42.34 million shares shorted with days to cover at 3.08.

Denison Mines Corp (DNN) estimates and forecasts

Figures show that Denison Mines Corp shares have underperformed across the wider relevant industry. The company’s shares have gained 32.69% over the past 6 months, with this year growth rate of -114.29%, compared to 18.60% for the industry. Revenue growth from the last financial year stood is estimated to be 142.50%.

DNN Dividends

Denison Mines Corp is expected to release its next earnings report between May 08 and May 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Denison Mines Corp (AMEX:DNN)’s Major holders

Insiders own 0.37% of the company shares, while shares held by institutions stand at 49.80% with a share float percentage of 49.99%. Investors are also buoyed by the number of investors in a company, with Denison Mines Corp having a total of 256 institutions that hold shares in the company. The top two institutional holders are Mirae Asset Global Investments Co., Ltd. with over 42.89 million shares worth more than $53.62 million. As of Jun 29, 2023, Mirae Asset Global Investments Co., Ltd. held 4.83% of shares outstanding.

The other major institutional holder is Alps Advisors Inc., with the holding of over 38.02 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $47.53 million and represent 4.28% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Global X Fds-Global X Uranium ETF and Sprott Uranium Miners ETF. As of Sep 29, 2023, the former fund manager holds about 4.82% shares in the company for having 42.86 million shares of worth $70.72 million while later fund manager owns 36.63 million shares of worth $45.78 million as of Jun 29, 2023, which makes it owner of about 4.12% of company’s outstanding stock.