Denison Mines Corp. (AMEX:DNN) price on Friday, August 27, rose 4.02% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.12.
A look at the stock’s price movement, the level at last check in today’s session was $1.08, moving within a range at $1.07 and $1.12. The beta value (5-Year monthly) was 1.95. Turning to its 52-week performance, $1.80 and $0.30 were the 52-week high and 52-week low respectively. Overall, DNN moved -5.26% over the past month.
Denison Mines Corp.’s market cap currently stands at around $843.13 million, with investors looking forward to this quarter’s earnings report slated for Nov 04, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.01, which has seen fiscal year 2017 EPS growth forecast to increase to -$0.03 and about -$0.02 for fiscal year 2018.
Analysts have a consensus estimate of $2.84 million for the company’s revenue for the quarter, with a low and high estimate of $2.6 million and $3.08 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2017 to grow to $12.34 million, representing a -10.80% decline on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that DNN is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 3 recommend DNN as a Buy and 2 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
DNN’s current price about 4.93% and 0.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.65, while 7-day volatility ratio is 5.09% and 5.38% in the 30-day chart. Further, Denison Mines Corp. (DNN) has a beta value of 2.18, and an average true range (ATR) of 0.06. Analysts have given the company’s stock an average 52-week price target of $1.76, forecast between a low of $1.32 and high of $2.39. Looking at the price targets, the low is -17.86% off recent price level in today’s trading while to achieve the yearly target high, it has to move -113.39%. Nonetheless, investors will most likely welcome a -53.57% jump to $1.72 which is the analysts’ median price.
In the market, a comparison of Denison Mines Corp. (DNN) and its peers suggest the former has performed considerably stronger. Data shows DNN’s intraday price has changed 4.02% today and 109.71% over the past year. Comparatively, Ur-Energy Inc. (URG) has moved 7.14% so far today and only 99.82% in the past 12 months. Looking at another peer, we see that Cameco Corporation (CCJ) price has gained 5.15% on the day. However, the stock is 53.36% off its price today a year ago. Moreover, Uranium Energy Corp. (UEC) is also up 5.80% in today’s trading while keeping a an uptrend of 105.50% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.80% and 0.64% respectively on the day as seen in early trades.
If we refocus on Denison Mines Corp. (AMEX:DNN), historical trading data shows that trading volumes averaged 5.04 million over the past 10 days and 8.63 million over the past 3 months. The company’s latest data on shares outstanding shows there are 805.06 million shares.
The 12.00% of Denison Mines Corp.’s shares are in the hands of company insiders while institutional holders own 7.30% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 23.29 million on Jul 14, 2021, giving us a short ratio of 2.42. The data shows that as of Jul 14, 2021 short interest in Denison Mines Corp. (DNN) stood at 2.89% of shares outstanding, with shares short rising to 16.03 million registered in Jun 14, 2021. Current price change has pushed the stock 66.92% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DNN stock continues to rise going into the next quarter.