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Saturday, December 9, 2023

Denison Mines Corp (AMEX: DNN) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Denison Mines Corp (DNN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.56%, to $1.79. The Denison Mines Corp has recorded 42,884 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Denison Reports Financial Results from Q3’2023, Including EPS of $0.07 Driven by Significant Gains on Physical Uranium Holdings.

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Stocks Info

Denison Mines Corp is listed on the AMEX in the Energy sector while operating in the Uranium industry. At the end of the last regular session, the stock closed at $1.78 and fluctuated between $1.8000 as its day high and $1.7400 as its day low. The current market capitalization of Denison Mines Corp is $1.58B. A total of 12.46 million shares were traded on the day, compared to an average of 9.42M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, DNN has seen 7 BUY and 8 SELL insider trades, representing the acquisition of 3,516,084 and the disposition of 2,454,500 shares. Over the last 12 months, there were 14 BUYs and 15 SELLs from insiders. Insiders purchased 6,283,508 shares during that period but sold 4,878,367.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for DNN in the last 3 months, the mean price target is $2.53 with high estimates of $4.94 and low estimates of $1.66. In terms of 52-week highs and lows, DNN has a high of $1.79 and a low of $0.92.

As of this writing, DNN has an earnings estimate of -$0.01 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.01. The company reported an EPS of $0 in the last quarter, which was 100.00% higher than expectations of -$0.01.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. DNN’s latest balance sheet shows that the firm has $78.44M in Cash & Short Term Investments as of fiscal 2021. There were $508.00k in debt and $16.35M in liabilities at the time. Its Book Value Per Share was $0.46, while its Total Shareholder’s Equity was $396.69M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DNN is Buy with a score of 4.17.

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