why Denison Mines Corp [DNN] is a Good Choice for Investors After New Price Target of $2.49

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Denison Mines Corp [AMEX: DNN] loss 0.00% on the last trading session, reaching $1.95 price per share at the time.

If compared to the average trading volume of 16.09M shares, DNN reached a trading volume of 11236394 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying about Denison Mines Corp [DNN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DNN shares is $2.49 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DNN stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

ROTH MKM have made an estimate for Denison Mines Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 27, 2024. The new note on the price target was released on May 27, 2022, representing the official price target for Denison Mines Corp stock.

The Average True Range (ATR) for Denison Mines Corp is set at 0.09, with the Price to Sales ratio for DNN stock in the period of the last 12 months amounting to 227.14. The Price to Book ratio for the last quarter was 3.77, with the Price to Cash per share for the same quarter was set at 0.12.

Trading performance analysis for DNN stock

Denison Mines Corp [DNN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.95. With this latest performance, DNN shares dropped by -7.58% in over the last four-week period, additionally sinking by -2.99% over the last 6 months – not to mention a rise of 53.54% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DNN stock in for the last two-week period is set at 39.89, with the RSI for the last a single of trading hit 35.20, and the three-weeks RSI is set at 42.66 for Denison Mines Corp [DNN]. The present Moving Average for the last 50 days of trading for this stock 2.1414, while it was recorded at 2.0380 for the last single week of trading, and 1.9132 for the last 200 days.

Denison Mines Corp [DNN]: A deeper dive into fundamental analysis

Denison Mines Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.54 and a Current Ratio set at 6.68.

An analysis of Institutional ownership at Denison Mines Corp [DNN]

The top three institutional holders of DNN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in DNN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in DNN stock with ownership which is approximately 5.1238%.

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