Meanwhile, CIBC initiated its Denison Mines Corp [DNN] rating to a Sector outperform in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in late September from “a Market perform” to “an Outperform”. ROTH MKM began covering DNN with “Buy” recommendation on June 27, 2024. TD Securities revised its rating on May 27, 2022. It rated DNN as “a Speculative buy” which previously was an “a Hold”.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Price Performance Review of DNN
On Tuesday, Denison Mines Corp [AMEX:DNN] saw its stock fall -0.48% to $2.06. Over the last five days, the stock has lost -4.63%. Denison Mines Corp shares have risen nearly 16.38% since the year began. Nevertheless, the stocks have risen 28.75% 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 $1.86, while 200 days put it at $1.95.
Levels Of Support And Resistance For DNN Stock
The 24-hour chart illustrates a support level at 2.04, which if violated will result in even more drops to 2.01. On the upside, there is a resistance level at 2.10. A further resistance level may holdings at 2.13. The Relative Strength Index (RSI) on the 14-day chart is 51.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.00%. Stochastics %K at 25.72% 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 2024-10-15, growing by 1.35 million shares to a total of 44.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 42.86 million shares. There was a rise of 3.06%, which implies that there is a positive sentiment for the stock.
