Denison Mines Corp (AMEX: DNN) Stock Forecast 2024: Profitable With Bullish Signals

In today’s recent session, 8.29 million shares of the Denison Mines Corp (AMEX:DNN) have been traded, and its beta is 1.71. Most recently the company’s share price was $2.31, and it changed around $0.04 or 1.54% from the last close, which brings the market valuation of the company to $2.86B. DNN at last check was trading at a discount to its 52-week high of $2.47, offering almost -6.93% off that amount. The share price’s 52-week low was $1.40, which indicates that the recent value has risen by an impressive 39.39% since then. We note from Denison Mines Corp’s average daily trading volume that its 10-day average is 23.6 million shares, with the 3-month average coming to 19.29 million.

Denison Mines Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.09. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 1 recommended DNN as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Denison Mines Corp is expected to report earnings per share of -0.01 for the current quarter.

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Denison Mines Corp (AMEX:DNN) trade information

Instantly DNN has been showing a green trend so far today with a performance of 1.54% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.33 on recent trading dayincreased the stock’s daily price by 0.86%. The company’s shares are currently up 30.23% year-to-date, but still up 7.21% over the last five days. On the other hand, Denison Mines Corp (AMEX:DNN) is 0.66% up in the 30-day period. We can see from the shorts that 44.22 million shares have been sold at a short interest cover period of 2.03 day(s).

The consensus price target as assigned by Wall Street analysts is $2.6, which translates to bulls needing to increase their stock price by 11.15% from its current value. Analyst projections state that DNN is forecast to be at a low of $2.6 and a high of $2.6.

Denison Mines Corp (DNN) estimates and forecasts

Denison Mines Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 1.10 percent over the past six months and at a -185.71% annual growth rate that is well below the industry average of 13.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -13.10% in revenue this quarter, and will report a decrease of -19.83% in the next quarter. The year-over-year growth rate is expected to be 206.01%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 801k in revenue for the current quarter. 1 analysts expect Denison Mines Corp to make 801k in revenue for the current ending quarter.

DNN Dividends

Denison Mines Corp’s next quarterly earnings report is expected to be released on 2025-Feb-26.

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

Upon looking at major shareholders, it appears that insiders hold 0.31% of Denison Mines Corp shares, and 54.74% of them are in the hands of institutional investors. The stock currently has a share float of 54.91%. Denison Mines Corp stock is held by 277.0 institutions, with MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. being the largest institutional investor. By 2024-06-30, it held 7.542% of the shares, which is about 67.29 million shares worth $134.75 million.

ALPS ADVISORS INC, with 6.6569% or 59.4 million shares worth $118.2 million as of 2024-06-30, holds the second largest percentage of outstanding shares.