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Denison Mines Corp. (AMEX: DNN): Is Its Value Too High Compared To Others?

Denison Mines Corp. (AMEX:DNN) shares, rose in value on Thursday, December 08, with the stock price up by 2.73% to the previous day’s close as strong demand from buyers drove the stock to $1.13.

Actively observing the price movement in the recent trading, the stock is buoying the session at $1.10, falling within a range of $1.06 and $1.11. The PE ratio was 68.75 over 12-month period. Referring to stock’s 52-week performance, its high was $1.83, and the low was $0.91. On the whole, DNN has fluctuated by -11.29% over the past month.

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With the market capitalization of Denison Mines Corp. currently standing at about $914.58 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 01, 2023 – Mar 06, 2023. As a result, investors might want to see an improvement 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 increase to -$0.01 for fiscal year $0.01 and then to about -$0.02 by fiscal year 2023. Data indicates that the EPS growth is expected to be -50.00% in 2023, while the next year’s EPS growth is forecast to be -300.00%.

Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $11.62 million, representing a decrease of -24.90% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that DNN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of DNN currently trading nearly -5.04% and -5.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.49, while the 7-day volatility ratio is showing 5.17% which for the 30-day chart, stands at 4.90%. Furthermore, Denison Mines Corp. (DNN)’s beta value is 1.77, and its average true range (ATR) is 0.06.

A comparison of Denison Mines Corp. (DNN) with its peers suggests the former has fared considerably weaker in the market. DNN showed an intraday change of 2.73% in today’s session so far, and over the past year, it shrunk by -29.49%%. In comparison, Ur-Energy Inc. (URG) has moved higher at 2.58% today and is down -22.60% over the past 12 months. On the other hand, the price of Cameco Corporation (CCJ) has risen 1.39% today. The stock, however, is off -7.95% from where it was a year ago. Additionally, there is a gain of 3.26% for Uranium Energy Corp. (UEC) in recent trading while the stock has seen an overall depriciation of -6.67%% over the past year. The PE ratio stands at 68.75 for Denison Mines Corp., and 99.68 for Cameco Corporation. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.66%. Meanwhile, the Dow Jones Industrial Improved by 0.60%.

Data on historical trading for Denison Mines Corp. (AMEX:DNN) indicates that the trading volumes over the past 10 days have averaged 3.33 million and over the past 3 months, they’ve averaged 4.84 million. According to company’s latest data on outstanding shares, there are 819.23 million shares outstanding.

Nearly 12.00% of Denison Mines Corp.’s shares belong to company insiders and institutional investors own 7.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 41.8 million shares as on Oct 13, 2022, resulting in a short ratio of 7.51. According to the data, the short interest in Denison Mines Corp. (DNN) stood at 5.11% of shares outstanding as of Oct 13, 2022; the number of short shares registered in Sep 14, 2022 reached 40.79 million. The stock has fallen by -19.71% 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.

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