Gains May Be On The Menu For Denison Mines Corp (AMEX: DNN)

With over 7.23 million Denison Mines Corp (DNN) shares trading Monday and a closing price of $1.67 on the day, the dollar volume was approximately $12.08 million. The shares have shown a positive half year performance of 36.89% and its price on 01/08/24 gained nearly 0.60%. Currently, there are 888.61M common shares owned by the public and among those 871.93M shares have been available to trade.

Insiders at the company have transacted a total of 26 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 5,629,632 shares. Insider sales of the common stock occurred on 13 occasions, with total insider shares sold totaling 4,563,367 shares.

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The top 3 mutual fund holders in Denison Mines Corp are Global X Uranium ETF, Sprott Uranium Miners ETF, and Fidelity Global Innovators Invest. Global X Uranium ETF owns 47.4 million shares of the company’s stock, all valued at over $86.75 million. Fidelity Global Innovators Invest bought 1.22 million shares to bring its total holdings to over 13.04 million shares at a value of $23.86 million. Fidelity Global Innovators Invest now owns shares totaling to 1.47% of the shares outstanding.

Shares of Denison Mines Corp (AMEX: DNN) opened at $1.65, down -$0.01 from a prior closing price of $1.66. However, the script later moved the day high at 1.6800, up 0.60%. The company’s stock has a 5-day price change of -5.65% and 4.37% over the past three months. DNN shares are trading -5.65% year to date (YTD), with the 12-month market performance up to 49.11% higher. It has a 12-month low price of $0.92 and touched a high of $1.89 over the same period. DNN has an average intraday trading volume of 10.20 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.90%, -3.04%, and 20.84% respectively.

Institutional ownership of Denison Mines Corp (AMEX: DNN) shares accounts for 39.50% of the company’s 888.61M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

It has a market capitalization of $1.48B and a beta (3y monthly) value of 1.74. The stock’s trailing 12-month PE ratio is 37.95, while the earnings-per-share (ttm) stands at $0.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.08% over the week and 4.25% over the month.

Analysts forecast that Denison Mines Corp (DNN) will achieve an EPS of -$0.01 for the current quarter, -$0.01 for the next quarter and -$0.02 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.01 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was $0 a year ago. Earnings per share for the fiscal year are expected to increase by 180.37%, and -154.18% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Denison Mines Corp (DNN) as a “Strong Buy” at a consensus score of 1.57. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 1 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”

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