Denison Mines Corp (DNN) Suffers From Weak Fundamental Momentum

Denison Mines Corp (AMEX:DNN) has a beta value of 1.71 and has seen 10.39 million shares traded in the last trading session. The company, currently valued at $1.72B, closed the last trade at $1.93 per share which meant it gained $0.01 on the day or 0.52% during that session. The DNN stock price is -27.98% off its 52-week high price of $2.47 and 27.46% above the 52-week low of $1.40. If we look at the company’s 10-day average daily trading volume, we find that it stood at 15.35 million shares traded. The 3-month trading volume is 17.23 million shares.

The consensus among analysts is that Denison Mines Corp (DNN) is Buy stock at the moment, with a recommendation rating of 1.09. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.

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Denison Mines Corp (AMEX:DNN) trade information

Sporting 0.52% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the DNN stock price touched $1.93 or saw a rise of 0.82%. Year-to-date, Denison Mines Corp shares have moved 9.04%, while the 5-day performance has seen it change 1.58%. Over the past 30 days, the shares of Denison Mines Corp (AMEX:DNN) have changed 22.93%. Short interest in the company has seen 40.71 million shares shorted with days to cover at 2.33.

Wall Street analysts have a consensus price target for the stock at $2.6, which means that the shares’ value could jump 25.77% from current levels. The projected low price target is $2.6 while the price target rests at a high of $2.6. In that case, then, we find that the current price level is -34.72% off the targeted high while a plunge would see the stock gain -34.72% from current levels.

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 lost -6.31% over the past 6 months, with this year growth rate of -185.71%, compared to 17.80% for the industry.

DNN Dividends

Denison Mines Corp is expected to release its next earnings report in November 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 0.31% of the company shares, while shares held by institutions stand at 55.63% with a share float percentage of 55.81%. Investors are also buoyed by the number of investors in a company, with Denison Mines Corp having a total of 284.0 institutions that hold shares in the company. The top two institutional holders are MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. with over 67.29 million shares worth more than $134.75 million. As of 2024-06-30, MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. held 7.542% of shares outstanding.

The other major institutional holder is ALPS ADVISORS INC, with the holding of over 59.4 million shares as of 2024-06-30. The firm’s total holdings are worth over $118.2 million and represent 6.6569% 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 Aug 31, 2024 , the former fund manager holds about 6.37% shares in the company for having 56.87 shares of worth $109.75 million while later fund manager owns 40.84 shares of worth $78.82 million as of Jun 30, 2024 , which makes it owner of about 4.58% of company’s outstanding stock.