In the latest trading session, 7.78 million Denison Mines Corp (AMEX:DNN) shares changed hands as the company’s beta touched 1.75. With the company’s most recent per share price at $1.94 changing hands around $0.03 or 1.48% at last look, the market valuation stands at $1.73B. DNN’s current price is a discount, trading about -27.32% off its 52-week high of $2.47. The share price had its 52-week low at $1.40, which suggests the last value was 27.84% up since then. When we look at Denison Mines Corp’s average trading volume, we note the 10-day average is 28.73 million shares, with the 3-month average coming to 23.23 million.
Analysts gave the Denison Mines Corp (DNN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.08. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended DNN as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Denison Mines Corp’s EPS for the current quarter is expected to be -0.01.
Denison Mines Corp (AMEX:DNN) trade information
Instantly DNN is in green as seen in intraday trades today. With action -1.61%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 7.68%, with the 5-day performance at -1.61% in the red. However, in the 30-day time frame, Denison Mines Corp (AMEX:DNN) is -9.85% down. Looking at the short shares, we see there were 47.57 million shares sold at short interest cover period of 1.92 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2.6, meaning bulls need an upside of 25.38% from its recent market value. According to analyst projections, DNN’s forecast low is 2.6 with 2.6 as the target high. To hit the forecast high, the stock’s price needs a -34.02% plunge from its current level, while the stock would need to soar -34.02% for it to hit the projected low.
Denison Mines Corp (DNN) estimates and forecasts
Data shows that the Denison Mines Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -9.00% over the past 6 months, a -200.00% in annual growth rate that is considerably lower than the industry average of 9.50%. Year-over-year growth is forecast to reach 117.23% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 801k. 1 analysts are of the opinion that Denison Mines Corp’s revenue for the current quarter will be 801k.
The 2025 estimates are for Denison Mines Corp earnings to decrease by -172.48%.
DNN Dividends
Denison Mines Corp is expected to release its next quarterly earnings report in February.
Denison Mines Corp (AMEX:DNN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.31% of Denison Mines Corp shares while 51.10% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 51.26%. There are 51.10% institutions holding the Denison Mines Corp stock share, with MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. the top institutional holder. As of 2024-06-30, the company held 7.542% of the shares, roughly 67.29 million DNN shares worth $134.75 million.
ALPS ADVISORS INC holds the second largest percentage of outstanding shares, with 6.6569% or 59.4 million shares worth $118.2 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were Global X Fds-Global X Uranium ETF and Sprott Uranium Miners ETF. With 59.17 shares estimated at $114.88 million under it, the former controlled 6.61% of total outstanding shares. On the other hand, Sprott Uranium Miners ETF held about 4.79% of the shares, roughly 42.89 shares worth around $83.27 million.
