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

Denison Mines Corp (AMEX:DNN) has a beta value of 1.71 and has seen 16.39 million shares traded in the last trading 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 15.04 million shares traded. The 3-month trading volume is 17.22 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.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Denison Mines Corp (AMEX:DNN) trade information

Over the past 30 days, the shares of Denison Mines Corp (AMEX:DNN) have changed 24.52%. 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 -4.93% 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 55.64% 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 285.0 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 Sep 30, 2024 , the former fund manager holds about 6.59% shares in the company for having 58.84 shares of worth $113.56 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.