A better buy-in window may exist right now for Denison Mines Corp. (DNN)

Denison Mines Corp. (AMEX: DNN) stock fell -4.84% on Friday to $1.18 against a previous-day closing price of $1.24. With 3.09 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.61 million shares. During the session, the Uranium company that operates in wider Energy sector, reached to the highest price of $1.2400 whereas the lowest price it dropped to was $1.1600. The 52-week range on DNN shows that it touched its highest point at $2.14 and its lowest point at $0.91 during that stretch. Beta for the stock currently stands at 1.93.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DNN was down-trending over the past week, with a drop of -0.84%, but this was up by 18.36% over a month. Three-month performance surged to 12.38% while six-month performance fell -1.67%. The stock gained 13.46% in the past year, while it has lost -13.87% so far this year. A look at the trailing 12-month EPS for DNN yields 0.07 with Next year EPS estimates of -0.02.

Float and Shares Shorts:

At present, 817.93 million DNN shares are outstanding with a float of 805.18 million shares on hand for trading. On Jul 14, 2022, short shares totaled 46.0 million, which was 5.63% higher than short shares on Jun 14, 2022. In addition to Mr. David Daniel Cates C.A., C.P.A., CA, CPA, MAcc as the firm’s Pres, CEO & Director, Mr. Gabriel Ernst McDonald serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 29.14% of DNN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of DNN, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 5.08% stake in DNN, the Global X Uranium ETF is the largest stakeholder. A total of 41,555,986 shares are owned by the mutual fund manager. The Sprott Uranium Miners ETF, which owns about 3.64% of DNN stock, is the second-largest Mutual Fund holder. It holds 29,801,418 shares valued at 29.0 million. Hood River Small-Cap Growth Fund holds 1.00% of the stake in DNN, owning 8,184,800 shares worth 7.96 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DNN since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DNN analysts setting a high price target of $4.09 and a low target of $1.95, the average target price over the next 12 months is $2.52. Based on these targets, DNN could surge 246.61% to reach the target high and rise by 65.25% to reach the target low. Reaching the average price target will result in a growth of 113.56% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DNN will report FY 2022 earnings on 03/09/2023. Analysts have provided yearly estimates in a range of $0.05 being high and -$0.03 being low. For DNN, this leads to a yearly average estimate of $0.01. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Denison Mines Corp. surprised analysts by -$0.01 when it reported -$0.02 EPS against a consensus estimate of -$0.01. The surprise factor in the prior quarter was $0.05. Based on analyst estimates, the high estimate for the next quarter is $0.01 and the low estimate is -$0.01. The average estimate for the next quarter is thus -$0.00.

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