Value Hunters: Look To Denison Mines Corp. (DNN)


    With over 1.06 million Denison Mines Corp. (DNN) shares trading Monday and a closing price of $0.54 on the day, the dollar volume was approximately $0.57 million. The shares have shown a positive weekly performance of 11.94% and its price on 08/31/20 gained nearly 1.70%. Currently, there are 621.23M common shares owned by the public and among those 612.39M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 8 analysts who have offered their price forecasts for DNN have a consensus price objective of $0.78. The analysts have set the share’s price value over the next 12 months at a high of $1.20 and a low of $0.38 should the stock experience a downside. Incidentally, analysts’ outlook for the Denison Mines Corp. stock is 2.30 for the next 12 months. But an upside of 55.0% will see the stock hit the forecast high price target while mean target price for the stock is $0.74.

    The top 3 mutual fund holders in Denison Mines Corp. are Kopernik Global All Cap Fund, Heptagon Fund Plc – Kopernik Glob, and Beutel Goodman Small Cap Fund. Kopernik Global All Cap Fund owns 12.81 million shares of the company’s stock, all valued at over $6.02 million. Beutel Goodman Small Cap Fund now owns shares totaling to 1.08% of the shares outstanding.

    Shares of Denison Mines Corp. (AMEX: DNN) opened at $0.54, up $0.01 from a prior closing price of $0.53. However, the script later closed the day at $0.54, up 1.70%. The company’s stock has a 5-day price change of 11.94% and 32.51% over the past three months. DNN shares are trading 29.64% year to date (YTD), with the 12-month market performance up to 17.98% higher. It has a 12-month low price of $0.19 and touched a high of $0.54 over the same period. Currently, 1.06 million shares have been traded, compared to an average intraday trading volume of 869.53K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.04%, 24.95%, and 38.50% respectively.

    Institutional ownership of Denison Mines Corp. (AMEX: DNN) shares accounts for 7.30% of the company’s 621.23M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

    It has a market capitalization of $334.80M and a beta (3y monthly) value of 1.96. The earnings-per-share (ttm) stands at -$0.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.09% over the week and 5.98% over the month.

    Analysts forecast that Denison Mines Corp. (DNN) will achieve an EPS of -$0.01 for the current quarter, $0 for the next quarter and -$0.02 for 2018. The lowest estimate earnings-per-share for the quarter is -$0.01 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 42.30%, and 33.30% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 8 brokerage firm advisors rate Denison Mines Corp. (DNN) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 3 of the 8 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the DNN, a number of firms have released research notes about the stock. Credit Suisse stated their Underperform rating for the stock in a research note on July 18, 2017, with the firm’s price target at. Cantor Fitzgerald coverage for the Denison Mines Corp. (DNN) stock in a research note released on June 03, 2013 offered a Buy rating with a price target of. BMO Capital Markets was of a view on April 15, 2013 that the stock is Market Perform, while Dahlman Rose gave the stock Hold rating on February 09, 2011, issuing a price target of. Credit Suisse on their part issued Underperform rating on May 15, 2009.


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