Denison Mines Corp (DNN) expanding its growth trajectory ahead

With 12.95 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.04 shares. During the session, the Uranium company that operates in wider Energy sector, reached to the highest price of $2.0676 whereas the lowest price it dropped to was $1.9700. The 52-week range on DNN shows that it touched its highest point at $2.15 and its lowest point at $0.92 during that stretch. It currently has a 1-year price target of $2.74. Beta for the stock currently stands at 1.72.

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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 -4.74%, but this was up by 13.56% over a month. Three-month performance surged to 33.11% while six-month performance rose 53.44%. The stock gained 51.13% in the past year, while it has gained 13.56% so far this year. A look at the trailing 12-month EPS for DNN yields 0.04 with Next year EPS estimates of -0.01. For the next quarter, that number is 0.00. This implies an EPS growth rate of 373.98% for this year and -115.83% for next year.


Float and Shares Shorts:

At present, 888.61 million DNN shares are outstanding with a float of 871.93 million shares on hand for trading. On Jan 31, 2024, short shares totaled 41.81 million, which was 4.79% higher than short shares on Dec 29, 2023. In addition to Mr. David Daniel Cates C.A., C.P.A., MAcc as the firm’s President, CEO & Director, Ms. Elizabeth Sidle C.A., CPA serves as its VP of Finance & CFO.

Institutional Ownership:

Through their ownership of 45.13% of DNN’s outstanding shares, institutional investors have minority control over the company.


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 $5.01 and a low target of $1.86, the average target price over the next 12 months is $2.74. Based on these targets, DNN could surge 149.25% to reach the target high and fall by -7.46% to reach the target low. Reaching the average price target will result in a growth of 36.32% from current levels.

Summary of Insider Activity:

Insiders traded DNN stock several times over the past three months with 4 Buys and 1 Sells. In these transactions, 1,638,667 shares were bought while 70 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 13 over the past year. The total number of shares bought during that period was 5,240,418 while 4,275,437 shares were sold.