With 16.77% Distance From Low, Is Denison Mines Corp (AMEX:DNN) Still Renewed For Growth?

In recent trading session, Denison Mines Corp (AMEX:DNN) saw 2.69 million shares changing hands at last check today with its beta currently measuring 1.73. Company’s recent per share price level of $1.55 trading at -$0.06 or -3.73% at last check today assigns it a market valuation of $1.38B. That most recent trading price of DNN’s stock is at a discount of -59.35% from its 52-week high price of $2.47 and is indicating a premium of 16.77% from its 52-week low price of $1.29. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 17.76 million shares which gives us an average trading volume of 16.44 million if we extend that period to 3-months.

For Denison Mines Corp (DNN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.43. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.02 in the current quarter.

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Denison Mines Corp (AMEX:DNN) trade information

Upright in the red during last session for losing -3.73%, in the last five days DNN remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $1.55 price level, adding 4.91% to its value on the day. Denison Mines Corp’s shares saw a change of -12.44% in year-to-date performance and have moved 4.72% in past 5-day. Denison Mines Corp (AMEX:DNN) showed a performance of -20.52% in past 30-days. Number of shares sold short was 42.44 million shares which calculate 2.85 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 2.6 to the stock, which implies a rise of 40.38% to its recent value today. Analysts have been projecting 2.6 as a low price target for the stock while placing it at a high target of 2.6. It follows that stock’s current price would drop -67.74% in reaching the projected high whereas dropping to the targeted low would mean a loss of -67.74% for stock’s current value.

Denison Mines Corp (DNN) estimates and forecasts

Statistics highlight that Denison Mines Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -19.69% of value to its shares in past 6 months, showing an annual growth rate of -200.00% while that of industry is 19.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 201.80% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.1M for the same. And 1 analysts are in estimates of company making revenue of 1.1M in the next quarter.

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

Insiders are in possession of 0.29% of company’s total shares while institution are holding 61.04 percent of that, with stock having share float percentage of 61.22%. Investors also watch the number of corporate investors in a company very closely, which is 61.04% institutions for Denison Mines Corp that are currently holding shares of the company. ALPS ADVISORS INC is the top institutional holder at DNN for having 58.32 million shares of worth $113.72 million. And as of 2024-03-31, it was holding 6.5436 of the company’s outstanding shares.

The second largest institutional holder is MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., which was holding about 39.32 million shares on 2024-03-31. The number of shares represents firm’s hold over 4.4124 of outstanding shares, having a total worth of $39.82 million.