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Denison Mines Corp [DNN] Investment Guide: What You Need to Know

Taking this into account, ROTH MKM initiated its Denison Mines Corp [DNN] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Securities’s analysts, who increased its forecast for the stock in late May from “a Hold” to “a Speculative buy”. Credit Suisse also remained covering DNN and has decreased its forecast on July 18, 2017 with a “an Underperform” recommendation from previously “Neutral” rating. Cantor Fitzgerald started covering the stock on June 03, 2013. It rated DNN as “a Buy”.

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Price Performance Review of DNN

On Tuesday, Denison Mines Corp [AMEX:DNN] saw its stock fall -0.65% to $1.54. Over the last five days, the stock has gained 3.36%. Denison Mines Corp shares have fallen nearly -12.99% since the year began. Nevertheless, the stocks have fallen -6.67% over the past one year. While a 52-week high of $2.47 was reached on 05/31/24, a 52-week low of $1.40 was recorded on 09/06/24. SMA at 50 days reached $1.7244, while 200 days put it at $1.9176.

Levels Of Support And Resistance For DNN Stock

The 24-hour chart illustrates a support level at 1.5233, which if violated will result in even more drops to 1.5067. On the upside, there is a resistance level at 1.5733. A further resistance level may holdings at 1.6067. The Relative Strength Index (RSI) on the 14-day chart is 44.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0012, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.72%. Stochastics %K at 46.56% indicates the stock is a holding.

How much short interest is there in Denison Mines Corp?

A steep rise in short interest was recorded in Denison Mines Corp stocks on 2024-08-30, growing by 1.92 million shares to a total of 44.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 42.44 million shares. There was a rise of 4.34%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on April 15, 2013 when BMO Capital Markets resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $1.50.

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