Why Do Investors Buy Stock In Denison Mines Corp (DNN)?

Denison Mines Corp (AMEX:DNN) has a beta value of 1.72 and has seen 3.99 million shares traded in the recent trading session. The company, currently valued at $2.51B, closed the recent trade at $2.03 per share which meant it lost -$0.05 on the day or -2.40% during that session. The DNN stock price is -21.67% off its 52-week high price of $2.47 and 31.03% 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 18.84 million shares traded. The 3-month trading volume is 18.36 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. The expected earnings per share for the stock is -0.01.

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Denison Mines Corp (AMEX:DNN) trade information

Sporting -2.40% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the DNN stock price touched $2.03 or saw a rise of 10.57%. Year-to-date, Denison Mines Corp shares have moved 14.69%, while the 5-day performance has seen it change -8.97%. Over the past 30 days, the shares of Denison Mines Corp (AMEX:DNN) have changed 3.57%. Short interest in the company has seen 44.22 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 21.92% from the levels at last check today. 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 latest price level in today’s session is -28.08% off the targeted high while a plunge would see the stock gain -28.08% from the levels at last check today.

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 -7.31% over the past 6 months, with this year growth rate of -185.71%, compared to 14.00% for the industry. Revenue growth from the last financial year stood is estimated to be 284.00%.

1 analysts offering their estimates for the company have set an average revenue estimate of 790k for the current quarter. 1 have an estimated revenue figure of 790k for the next ending quarter.

DNN Dividends

Denison Mines Corp is expected to release its next earnings report on 2024-Nov-07 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 56.82% with a share float percentage of 56.99%. Investors are also buoyed by the number of investors in a company, with Denison Mines Corp having a total of 283.0 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.