After A 6.73% Gain In Share Price, Is Denison Mines Corp (AMEX:DNN) A Better Trade Than Others?

In last trading session, Denison Mines Corp (AMEX:DNN) saw 43.6 million shares changing hands with its beta currently measuring 1.71. Company’s recent per share price level of $2.38 trading at $0.15 or 6.73% at ring of the bell on the day assigns it a market valuation of $2.12B. That closing price of DNN’s stock is at a discount of -3.78% from its 52-week high price of $2.47 and is indicating a premium of 41.18% from its 52-week low price of $1.40. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 20.75 million shares which gives us an average trading volume of 17.81 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 1.09. 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 -0.01 in the current quarter.

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Denison Mines Corp (AMEX:DNN) trade information

Upright in the green during last session for gaining 6.73%, in the last five days DNN remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $2.38 price level, adding 0.83% to its value on the day. Denison Mines Corp’s shares saw a change of 34.46% in year-to-date performance and have moved 23.96% in past 5-day. Denison Mines Corp (AMEX:DNN) showed a performance of 50.63% in past 30-days. Number of shares sold short was 40.71 million shares which calculate 2.33 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 8.46% to its current value. 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 -9.24% in reaching the projected high whereas dropping to the targeted low would mean a loss of -9.24% 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 added 19.60% of value to its shares in past 6 months, showing an annual growth rate of -185.71% while that of industry is 15.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 288.40% 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 800k for the same. And 1 analysts are in estimates of company making revenue of 800k in the next quarter.

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

Insiders are in possession of 0.31% of company’s total shares while institution are holding 55.57 percent of that, with stock having share float percentage of 55.75%. Investors also watch the number of corporate investors in a company very closely, which is 55.57% institutions for Denison Mines Corp that are currently holding shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. is the top institutional holder at DNN for having 67.29 million shares of worth $134.75 million. And as of 2024-06-30, it was holding 7.542 of the company’s outstanding shares.

The second largest institutional holder is ALPS ADVISORS INC, which was holding about 59.4 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.6569 of outstanding shares, having a total worth of $118.2 million.