Denison Mines Corp (DNN) Analysis & Opinions from Experts

Denison Mines Corp (AMEX: DNN) is 6.78% higher on its value in year-to-date trading and has touched a low of $1.40 and a high of $2.47 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 $1.94 in the last trading session, with the day’s loss setting it -0.05%.

Currently trading at $1.89, the stock is -13.58% and -12.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 32.49 million and changing -2.58% at the moment leaves the stock -4.98% off its SMA200. DNN registered 11.18% gain for a year compared to 6-month gain of -5.97%. The firm has a 50-day simple moving average (SMA 50) of $2.1642 and a 200-day simple moving average (SMA200) of $1.9891.

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The stock witnessed a -17.11% loss in the last 1 month and extending the period to 3 months gives it a 6.78%, and is -9.13% 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 4.44% over the week and 5.03% over the month.

Denison Mines Corp (DNN) has around 64 employees, a market worth around $1.69B and $7.66M in sales. Current P/E ratio is 42.95. Profit margin for the company is 489.16%. Distance from 52-week low is 35.00% and -23.48% from its 52-week high. The company has generated returns on investments over the last 12 months (8.65%).

with sales reaching $801k over the same period.The EPS is expected to shrink by -172.73% this year, but quarterly earnings will post 123.31% year-over-year.

Denison Mines Corp (DNN) Top Institutional Holders

279.0 institutions hold shares in Denison Mines Corp (DNN), with institutional investors hold 51.27% of the company’s shares. The shares outstanding are 892.60M, and float is at 883.54M with Short Float at 5.00%. Institutions hold 51.12% of the Float.

The top institutional shareholder in the company is MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. with over 67.29 million shares valued at $134.75 million. The investor’s holdings represent 7.542% of the DNN Shares outstanding. As of 2024-06-30, the second largest holder is ALPS ADVISORS INC with 59.4 million shares valued at $118.2 million to account for 6.6569 of the shares outstanding. The other top investors are FMR LLC which holds 35.3 million shares representing 3.9563% and valued at over $70.7 million, while HOOD RIVER CAPITAL MANAGEMENT LLC holds 2.8315 of the shares totaling 25.26 million with a market value of $50.27 million.