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Denison Mines Corp (DNN) Stock Could Soon Reward Patient Investors

Denison Mines Corp (AMEX: DNN) is 16.95% higher on its value in year-to-date trading and has touched a low of $0.98 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 $1.95 in the last trading session, with the day’s gains setting it 0.12%.

Currently trading at $2.07, the stock is 10.08% and 7.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.14 million and changing 6.15% at the moment leaves the stock 27.71% off its SMA200. DNN registered 97.14% gain for a year compared to 6-month gain of 18.29%. The firm has a 50-day simple moving average (SMA 50) of $903.78 and a 200-day simple moving average (SMA200) of $17.38.

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The stock witnessed a 16.29% loss in the last 1 month and extending the period to 3 months gives it a 21.05%, and is 6.70% 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 3.93% over the week and 4.92% over the month.

Current P/E ratio is 47.05. Profit margin for the company is 489.16%. Distance from 52-week low is 111.22% and -3.72% 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 shrink by -118.32% this year, but quarterly earnings will post 142.60% year-over-year.

Denison Mines Corp (DNN) Top Institutional Holders

256 institutions hold shares in Denison Mines Corp (DNN), with institutional investors hold 49.99% of the company’s shares. The shares outstanding are 890.97M, and float is at 877.79M with Short Float at 4.82%. Institutions hold 49.80% 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.

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