Denison Mines Corp. (NYSE:DNN) concluded the trading on Wednesday, Sep 16, with a fall of -2.78% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $0.47 and 5Y monthly beta was reading 1.94 with its price kept floating in the range of $0.4452 and $0.4765 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that DNN hit a high price of $0.58 and saw its price falling to a low level of $0.19 during that period. Over a period of past 1-month, stock came losing -6.58% in its value.
With its current market valuation of $296.71 Million, Denison Mines Corp. is set to declare its quarterly results next month. DNN Stock’s Forward Dividend of 0 and its yield of 0 are making investors’ thoughts stronger that it could fall further before the company announces its earnings for the current quarter. Analysts are in estimates of -$0.01 per share for company’s earnings in the current quarter and are expecting its annual EPS growth stable at -$0.03 for 2020 with estimates of that growing to -$0.02 in next year. These estimates are suggesting current year growth of 0% for EPS and -0.33% growth next year.
In contrast, when we review DNN stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 100% Buy for it.
In comparing Denison Mines Corp. (DNN)’s stock with other industry players reveals that stock’s latest price change of -2.78% and that of -5.91% over the past 12 months is in competing position with that of Bhp Billiton Ltd (BHP) which saw its stock price raised by 0.87% in the recent trading and went through an increase of 8.34% in past 12-month trading. Industry’s another major player Rio Tinto Plc (RIO) has fell -0.9% down in latest trading session, but over the past year has faced a rise of 20.95%, while Newmont Mining Corp (NEM) is also down -2.78% however its price remained floating in the red at -5.91% over the same period. Denison Mines Corp. has a P/E ratio of 0 against that of Bhp Billiton Ltd’s 17.8 while Rio Tinto Plc is showing 14.72 for the same. On the other hand, the S&P 500 Index was down -0.46% in the early deals while the Dow Jones Industrial was dealing higher at 0.13%.
Having a second look at Denison Mines Corp. (NYSE:DNN) provides that stock’s average daily trading volume for 3 months was 875.71 Million, while it dropped to 831.23 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 626.06 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 10.28% while it is 17.45% for the institutional holders. The figures also indicate that as of August 30, 2020, number of stock’s short shares was 10290000 which implies a short ratio of 11.98. This shows up a 1.63% of Short Interest in company’s outstanding shares on the day. In August the standing of shares short declined as it was 10.69 Million in the previous month. Addition of +9.4% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.