Denison Mines Corp. (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 44,220,000 shares, a growth of 8.6% from the September 30th total of 40,710,000 shares. Based on an average trading volume of 18,750,000 shares, the days-to-cover ratio is presently 2.4 days.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on DNN shares. Cibc World Mkts raised Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. BMO Capital Markets raised Denison Mines from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 25th. National Bank Financial raised Denison Mines to a “strong-buy” rating in a report on Tuesday, September 3rd. StockNews.com raised Denison Mines to a “sell” rating in a report on Wednesday, July 31st. Finally, CIBC started coverage on Denison Mines in a report on Thursday, September 26th. They set a “sector outperform” rating and a $3.25 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Denison Mines has an average rating of “Buy” and a consensus target price of $3.00.
Get Our Latest Analysis on DNN
Hedge Funds Weigh In On Denison Mines
Denison Mines Stock Performance
Shares of DNN stock traded down $0.02 during trading hours on Thursday, reaching $2.13. The company had a trading volume of 15,603,137 shares, compared to its average volume of 16,363,550. The firm’s 50 day simple moving average is $1.99. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 34.50 and a beta of 1.71. Denison Mines has a 1-year low of $1.40 and a 1-year high of $2.47.
Denison Mines (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) last released its quarterly earnings data on Thursday, August 8th. The basic materials company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $0.97 million during the quarter, compared to analysts’ expectations of $0.80 million. Denison Mines had a net margin of 950.42% and a return on equity of 9.45%. On average, equities analysts predict that Denison Mines will post -0.06 earnings per share for the current fiscal year.
About Denison Mines
Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.
See Also
- Five stocks we like better than Denison Mines
- How to Start Investing in Real Estate
- Microsoft Can Hit New All-Time Highs This Year – Here’s Why
- How Can Investors Benefit From After-Hours Trading
- Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy
- Investing In Automotive Stocks
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
Receive News & Ratings for Denison Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denison Mines and related companies with MarketBeat.com's FREE daily email newsletter.