During the recent session, Denison Mines Corp (AMEX:DNN)’s traded shares were 4.09 million, with the beta value of the company hitting 1.77. The 52-week high for the DNN share is $2.47, that puts it down -60.39 from that peak though still a striking 16.23% gain since the share price plummeted to a 52-week low of $1.29. The company’s market capitalization is $1.37B, and the average intraday trading volume over the past 10 days was 21.99 million shares, and the average trade volume was 16.39 million shares over the past three months.
Denison Mines Corp (DNN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. DNN has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.01.
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Denison Mines Corp (AMEX:DNN) trade information
Denison Mines Corp (DNN) registered a -0.18% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.18% in intraday trading to $1.54, hitting a weekly high. The stock’s 5-day price performance is -3.92%, and it has moved by -32.57% in 30 days. Based on these gigs, the overall price performance for the year is 14.72%. The short interest in Denison Mines Corp (AMEX:DNN) is 40.64 million shares and it means that shorts have 2.85 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.6, which implies an increase of 40.77% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.6 and $2.6 respectively. As a result, DNN is trading at a discount of -68.83% off the target high and -68.83% off the low.
Denison Mines Corp (DNN) estimates and forecasts
Statistics show that Denison Mines Corp has underperformed its competitors in share price, compared to the industry in which it operates. Denison Mines Corp (DNN) shares have gone down -23.14% during the last six months, with a year-to-date growth rate less than the industry average at -185.71% against 20.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -120.00% this quarter and then drop -133.30% in the quarter after that. In the rating firms’ projections, revenue will increase 201.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.1M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 1.1M by the end of current fiscal year.
While earnings are projected to return -146.89% in 2024.
Denison Mines Corp (AMEX:DNN)’s Major holders
Denison Mines Corp insiders own 0.29% of total outstanding shares while institutional holders control 52.73%, with the float percentage being 52.89%. ALPS ADVISORS INC is the largest shareholder of the company, while 277.0 institutions own stock in it. As of 2024-03-31, the company held over 58.32 million shares (or 6.5436% of all shares), a total value of $113.72 million in shares.
The next largest institutional holding, with 39.32 million shares, is of MIRAE ASSET GLOBAL INVESTMENTS CO., LTD.’s that is approximately 4.4124% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $39.82 million.
