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Analysts suggest Denison Mines Corp. (DNN) could spike 71.72% in a year

Denison Mines Corp. (AMEX: DNN) is -4.35% lower on its value in year-to-date trading and has touched a low of $0.91 and a high of $1.53 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DNN stock was last observed hovering at around $1.14 in the last trading session, with the day’s loss setting it -0.04% off its average median price target of $2.01 for the next 12 months. It is also 71.72% off the consensus price target high of $3.89 offered by 8 analysts, but current levels are 0.9% higher than the price target low of $1.11 for the same period.

Currently trading at $1.10, the stock is 1.95% and 4.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.06 million and changing -3.51% at the moment leaves the stock -7.47% off its SMA200. DNN registered -2.65% loss for a year compared to 6-month loss of -6.78%. The firm has a 50-day simple moving average (SMA 50) of $62.01 and a 200-day simple moving average (SMA200) of -$43.97.

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The stock witnessed a 7.84% gain in the last 1 month and extending the period to 3 months gives it a -9.84%, and is 0.92% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.66% over the week and 4.70% over the month.

Denison Mines Corp. (DNN) has around 66 employees, a market worth around $948.27M and $10.30M in sales. Distance from 52-week low is 20.88% and -28.10% from its 52-week high. The company has generated returns on investments over the last 12 months (4.60%).

Denison Mines Corp. (DNN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Denison Mines Corp. (DNN) is a “Overweight”. 8 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 2 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Denison Mines Corp. is expected to release its quarterly report on 08/09/2023.The EPS is expected to shrink by -26.70% this year.

Denison Mines Corp. (DNN) Top Institutional Holders

The shares outstanding are 832.83M, and float is at 810.72M with Short Float at 4.52%.

Denison Mines Corp. (DNN) Insider Activity

A total of 11 insider transactions have happened at Denison Mines Corp. (DNN) in the last six months, with sales accounting for 5 and purchases happening 6 times.

Denison Mines Corp. (DNN): Who are the competitors?

The company’s main competitors (and peers) include Ur-Energy Inc. (URG) that is trading -15.12% down over the past 12 months and Cameco Corporation (CCJ) that is 20.72% higher over the same period. Uranium Energy Corp. (UEC) is -17.21% down on the 1-year trading charts.

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