Is Denison Mines Corp (AMEX: DNN) Poised For Further Gains At A 33.01% Distance From The Low?

Denison Mines Corp (AMEX:DNN)’s traded shares stood at 2.72 million during the latest session, with the company’s beta value hitting 1.69. At the last check today, the stock’s price was $2.09, to imply an increase of 0.24% or $0.01 in intraday trading. The DNN share’s 52-week high remains $2.47, putting it -18.18% down since that peak but still an impressive 33.01% since price per share fell to its 52-week low of $1.40. The company has a valuation of $2.60B, with an average of 19.57 million shares in intraday trading volume over the past 10 days and average of 18.47 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Denison Mines Corp (DNN), translating to a mean rating of 1.09. Of 2 analyst(s) looking at the stock, 0 analyst(s) give DNN a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.01.

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Denison Mines Corp (AMEX:DNN) trade information

After registering a 0.24% upside in the latest session, Denison Mines Corp (DNN) has traded red over the past five days. The 5-day price performance for the stock is -1.65%, and -4.36% over 30 days. With these gigs, the year-to-date price performance is 17.80%. Short interest in Denison Mines Corp (AMEX:DNN) saw shorts transact 44.22 million shares and set a 2.03 days time to cover.

The extremes give us $2.6 and $2.6 for target low and target high price respectively. As such, DNN has been trading -24.4% off suggested target high and -24.4% from its likely low.

Denison Mines Corp (DNN) estimates and forecasts

Looking at statistics comparing Denison Mines Corp share performance against respective industry, we note that the company has underperformed competitors. Denison Mines Corp (DNN) shares are -0.71% down over the last 6 months, with its year-to-date growth rate lower than industry average at -185.71% against 13.10%. Revenue is forecast to shrink -13.10% this quarter before falling -19.83% for the next one. The rating firms project that company’s revenue will grow 334.24% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 801k. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 801k.

DNN Dividends

Denison Mines Corp has its next earnings report out on 2025-Feb-26. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

Denison Mines Corp insiders hold 0.31% of total outstanding shares, with institutional holders owning 53.70% of the shares at 53.87% float percentage. In total, 53.70% institutions holds shares in the company, led by MIRAE ASSET GLOBAL ETFS HOLDINGS LTD.. As of 2024-06-30, the company held over 67.29 million shares (or 7.542% of shares), all amounting to roughly $134.75 million.

The next major institution holding the largest number of shares is ALPS ADVISORS INC with 59.4 million shares, or about 6.6569% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $118.2 million.