Why Denison Mines Corp (DNN) Stock Could See Much Higher Prices Ahead

Denison Mines Corp (AMEX: DNN) is 13.56% higher on its value in year-to-date trading and has touched a low of $0.92 and a high of $2.15 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DNN stock was last observed hovering at around $2.00 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $2.01, the stock is 0.83% and 8.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.95 million and changing 0.50% at the moment leaves the stock 34.98% off its SMA200. DNN registered 51.13% gain for a year compared to 6-month gain of 53.44%. The firm has a 50-day simple moving average (SMA 50) of $165.51 and a 200-day simple moving average (SMA200) of $27.93.

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The stock witnessed a 13.56% loss in the last 1 month and extending the period to 3 months gives it a 33.11%, and is -4.74% down 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 4.95% over the week and 4.52% over the month.

Current P/E ratio is 45.68. Profit margin for the company is 489.16%. Distance from 52-week low is 118.00% and -6.51% from its 52-week high. The company has generated returns on investments over the last 12 months (9.48%).

Denison Mines Corp quarterly earnings per share for the current quarter are estimated at -$0.01.The EPS is expected to grow by 373.98% this year, but quarterly earnings will post -30.00% year-over-year.

Denison Mines Corp (DNN) Top Institutional Holders

252 institutions hold shares in Denison Mines Corp (DNN), with institutional investors hold 45.31% of the company’s shares. The shares outstanding are 888.61M, and float is at 871.93M with Short Float at 4.79%. Institutions hold 45.13% of the Float.

The top institutional shareholder in the company is Mirae Asset Global Investments Co., Ltd. with over 42.89 million shares valued at $53.62 million. The investor’s holdings represent 4.83% of the DNN Shares outstanding. As of Jun 29, 2023, the second largest holder is Alps Advisors Inc. with 38.02 million shares valued at $47.53 million to account for 4.28% of the shares outstanding. The other top investors are Segra Capital Management, LLC which holds 29.6 million shares representing 3.33% and valued at over $37.0 million, while MMCAP International, Inc. SPC holds 2.82% of the shares totaling 25.09 million with a market value of $31.36 million.

Denison Mines Corp (DNN) Insider Activity

A total of 23 insider transactions have happened at Denison Mines Corp (DNN) in the last six months, with sales accounting for 12 and purchases happening 11 times.

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

The company’s main competitors (and peers) include Ur-Energy Inc. (URG) that is trading 44.00% up over the past 12 months. Cameco Corp. (CCJ) that is 52.35% higher over the same period.