Denison Mines Corp [AMEX: DNN] stock went on a downward path that fall over -5.21% on Monday, amounting to a one-week price decrease of less than -10.34%.
Over the last 12 months, DNN stock dropped by -10.34%. The one-year Denison Mines Corp stock forecast points to a potential upside of 39.53. The average equity rating for DNN stock is currently 1.09, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.62 billion, with 892.60 million shares outstanding and 883.54 million shares in the current float. Compared to the average trading volume of 25.02M shares, DNN stock reached a trading volume of 44449035 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $3.01 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 1.09. 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.
CIBC have made an estimate for Denison Mines Corp shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on September 26, 2024. The new note on the price target was released on September 25, 2024, representing the official price target for Denison Mines Corp stock.
The Average True Range (ATR) for Denison Mines Corp is set at 0.12 The Price to Book ratio for the last quarter was 3.75, with the Price to Cash per share for the same quarter was set at 0.10.
DNN Stock Performance Analysis:
Denison Mines Corp [DNN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.34. With this latest performance, DNN shares dropped by -1.09% in over the last four-week period, additionally sinking by -7.61% over the last 6 months – not to mention a drop of -10.34% 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 43.04, with the RSI for the last a single of trading hit 42.25, and the three-weeks RSI is set at 43.87 for Denison Mines Corp [DNN]. The present Moving Average for the last 50 days of trading for this stock 2.0616, while it was recorded at 1.8200 for the last single week of trading, and 1.9815 for the last 200 days.
Insight into Denison Mines Corp Fundamentals:
Denison Mines Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.09 and a Current Ratio set at 6.28.
Denison Mines Corp [DNN] Institutonal Ownership Details
There are presently around $51.44%, or 51.60%% of DNN stock, in the hands of institutional investors. The top three institutional holders of DNN stocks are: MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. with ownership of 67.29 million shares, which is approximately 7.542%. ALPS ADVISORS INC, holding 59.4 million shares of the stock with an approximate value of $$118.2 million in DNN stocks shares; and ALPS ADVISORS INC, currently with $$70.7 million in DNN stock with ownership which is approximately 3.9563%.
