Denison Mines Corp [AMEX: DNN] traded at a low on Friday, posting a -4.32 loss after which it closed the day’ session at $1.33.
The results of the trading session contributed to over 70850036 shares changing hands. Over the past one week, the price volatility of Denison Mines Corp stands at 5.15% while the volatility over the past one month is 6.20%.
The market cap for DNN stock reached $1.19 billion, with 895.71 million shares outstanding and 888.24 million shares in the current float. Compared to the average trading volume of 49.43M shares, DNN reached a trading volume of 70850036 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $2.90 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 1.08. 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 0.09, with the Price to Sales ratio for DNN stock in the period of the last 12 months amounting to 406.60. The Price to Book ratio for the last quarter was 3.04, with the Price to Cash per share for the same quarter was set at 0.09.
How has DNN stock performed recently?
Denison Mines Corp [DNN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.33. With this latest performance, DNN shares dropped by -8.28% in over the last four-week period, additionally sinking by -29.26% over the last 6 months – not to mention a drop of -31.79% 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 35.56, with the RSI for the last a single of trading hit 31.87, and the three-weeks RSI is set at 37.22 for Denison Mines Corp [DNN]. The present Moving Average for the last 50 days of trading for this stock 1.6188, while it was recorded at 1.4260 for the last single week of trading, and 1.8630 for the last 200 days.
Denison Mines Corp [DNN]: Deeper insight into the fundamentals
Denison Mines Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.54 and a Current Ratio set at 3.65.
Earnings analysis for Denison Mines Corp [DNN]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DNN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Denison Mines Corp go to 35.81%.
Insider trade positions for Denison Mines Corp [DNN]
There are presently around $55.86%, or 56.04%% 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%.
