Prepare Yourself for Liftoff: Denison Mines Corp. (DNN)

Denison Mines Corp. (AMEX: DNN) stock fell -0.91% on Wednesday to $1.09 against a previous-day closing price of $1.10. With 3.02 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.98 million shares. During the session, the Uranium company that operates in wider Energy sector, reached to the highest price of $1.1100 whereas the lowest price it dropped to was $1.0600. The 52-week range on DNN shows that it touched its highest point at $1.53 and its lowest point at $0.91 during that stretch. Beta for the stock currently stands at 1.83.

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Price Performance and Earnings:

Three-month performance dropped to -11.38% while six-month performance fell -5.22%. The stock lost -6.03% in the past year, while it has lost -5.22% so far this year. A look at the trailing 12-month EPS for DNN yields -0.03 with Next year EPS estimates of -0.02. For the next quarter, that number is -0.01. This implies an EPS growth rate of -26.70% for this year and 0.00% for next year.

Float and Shares Shorts:

At present, 832.83 million DNN shares are outstanding with a float of 810.72 million shares on hand for trading. On Apr 27, 2023, short shares totaled 36.62 million, which was 4.38% higher than short shares on Mar 30, 2023. 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 35.58% 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 4.65% stake in DNN, the Global X Uranium ETF is the largest stakeholder. A total of 38,412,529 shares are owned by the mutual fund manager. The Sprott Uranium Miners ETF, which owns about 4.50% of DNN stock, is the second-largest Mutual Fund holder. It holds 37,217,919 shares valued at 40.94 million. Hood River Small-Cap Growth Fund holds 1.16% of the stake in DNN, owning 9,618,506 shares worth 10.58 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, DNN reported revenue of $6.80M and operating income of -$8.39M. The EBITDA in the recently reported quarter was -$6.51M and diluted EPS was -$0.02.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DNN since 0 analysts follow the stock currently. 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 $3.89 and a low target of $1.11, the average target price over the next 12 months is $2.10. Based on these targets, DNN could surge 256.88% to reach the target high and rise by 1.83% to reach the target low. Reaching the average price target will result in a growth of 92.66% 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.

Summary of Insider Activity:

Insiders traded DNN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 2,847,257 while 2,468,500 shares were sold.

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