Things appear to be looking up for Denison Mines Corp (DNN)

Denison Mines Corp (AMEX: DNN) is -21.67% lower on its value in year-to-date trading and has touched a low of $1.08 and a high of $2.47 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 $1.43 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $1.41, the stock is -2.83% and 1.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 40.76 million and changing -1.40% at the moment leaves the stock -19.26% off its SMA200. DNN registered -31.55% loss for a year compared to 6-month loss of -32.21%.

The stock witnessed a 2.17% gain in the last 1 month and extending the period to 3 months gives it a -13.50%, and is -8.44% 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 4.17% over the week and 5.33% over the month.

Profit margin for the company is -2504.89%. Distance from 52-week low is 30.56% and -42.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.60%).

The EPS is expected to shrink by -3.33% this year.

Denison Mines Corp (DNN) Top Institutional Holders

The shares outstanding are 896.21M, and float is at 885.12M with Short Float at 7.64%.

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.

Denison Mines Corp (DNN) Insider Activity

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