Denison Mines Corp. (NYSE:DNN) shares, rose in value on Thursday, Apr 08, with the stock price up by 3.33% to the previous day’s close as strong demand from buyers drove the stock to $1.24.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.2, falling within a range of $1.2000 and $1.2500. The value of beta (5-year monthly) is 2.2 whereas the PE ratio is 0 over 12-month period. Referring to stock’s 52-week performance, its high was $1.8, and the low was $0.27. On the whole, DNN has fluctuated by 23.57% over the past month.
With the market capitalization of Denison Mines Corp. currently standing at about $786.91 Million. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.01, which is expected to stable at -$0.03 for fiscal year 2021 and then to about -$0.02 by fiscal year 2022. Data indicates that the EPS growth is expected to be 0% in 2021, while the next year’s EPS growth is forecast to be -0.33%.
We see that DNN’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
7 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 3 analyst(s), 3 recommend it as a Buy and 1 called the DNN stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of DNN currently trading nearly 9.71% and 18.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.3, while the 7-day volatility ratio is showing 1002% which for the 30-day chart, stands at 9.49%. Furthermore, Denison Mines Corp. (DNN)’s beta value is 2.2, and its average true range (ATR) is 0.12. The company’s stock has been forecasted to trade at an average price of $1.55 over the course of the next 52 weeks, with a low of $1.2 and a high of $2.2. Based on these price targets, the low is -3.23 off current price, whereas the price has to move +77.42% to reach the yearly target high. Additionally, analysts’ median price of $1.47 is likely to be welcomed by investors because it represents an increase of +18.55% from the current levels.
A comparison of Denison Mines Corp. (DNN) with its peers suggests the former has fared considerably better in the market. DNN showed an intraday change of +3.33% in today’s session so far, and over the past year, it grew by +306.78%. In comparison, Bhp Billiton Ltd (BHP) has moved lower at -0.05% today and is up +82.9% over the past 12 months. On the other hand, the price of Rio Tinto Plc (RIO) has risen 0.29% today. The stock, however, is off 74.47% from where it was a year ago. Additionally, there is a gain of 333% for Bhp Billiton Plc (BBL) in recent trading while the stock has seen an overall apprecation of 306.78% over the past year. The PE ratio stands at 0 for Denison Mines Corp., compared to 25.89 for Bhp Billiton Ltd, and 13.34 for Rio Tinto Plc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.29%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
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Data on historical trading for Denison Mines Corp. (NYSE:DNN) indicates that the trading volumes over the past 10 days have averaged 20.14 Million and over the past 3 months, they’ve averaged 30.92 Million. According to company’s latest data on outstanding shares, there are 798.53 Million shares outstanding.
Nearly 0.57% of Denison Mines Corp.’s shares belong to company insiders and institutional investors own 15.25% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 11.29 Million shares as on March 14, 2021, resulting in a short ratio of 0.2. According to the data, the short interest in Denison Mines Corp. (DNN) stood at 1.56% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 10.86 Million. The stock has risen by +85.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DNN stock heading into the next quarter.