Does Denison Mines Corp (AMEX:DNN) presents a BIG investment opportunity?

Stocks of Denison Mines Corp (AMEX:DNN) traded higher last session on Wall Street, up 1.27% to $1.59.

According to the data, Denison Mines Corp (AMEX:DNN) has 7 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $4.94 and a low of $1.68, we find $2.12. Given the previous closing price of $1.57, this indicates a potential upside of 35.03 percent. DNN stock price is now 2.41% away from the 50-day moving average and 23.77% away from the 200-day moving average. The market capitalization of the company currently stands at $1.33B.

A total of 1 analysts have issued a hold rating and 4 have given it a buy rating. Brokers who have rated the stock have averaged $2.53 as their price target over the next twelve months.

Insiders disposed of 4,878,367 shares of company stock worth roughly $7.76 million over the past 1 year. A total of 2.30% of the company’s stock is owned by insiders.

Friday’s opening bell rang with an opening price of $1.5800 for Denison Mines Corp (AMEX: DNN). During the past 12 months, Denison Mines Corp has had a low of $0.92 and a high of $1.79. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.29, and a quick ratio of 5.10. The fifty day moving average price for DNN is $1.5564 and a two-hundred day moving average price translates $1.2854 for the stock.

The latest earnings results from Denison Mines Corp (AMEX: DNN) was released for Sep, 2023. According to the Uranium Company, earnings per share came in at $0, beating analysts’ expectations of -$0.01 by 0.01. This compares to -$0.01 EPS in the same period last year. The net profit margin was 489.16% and return on equity was 10.52% for DNN. The company reported revenue of $2.06 million for the quarter, compared to $2.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.45 percent.

Denison Mines Corp(DNN) Company Profile

Denison Mines Corp. operates as a uranium exploration and development company in Canada. Its flagship project is the 95% interest owned 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. in December 2006. Denison Mines Corp. was incorporated in 1954 and is headquartered in Toronto, Canada.

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