Denison Mines Corp (AMEX:DNN) price on current trading day, rose 2.08% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.96.
A look at the stock’s price movement, the level at last check in today’s session was $1.92, moving within a range at $1.92 and $1.99. The beta value (5-Year monthly) was 1.893 while the PE ratio in trailing twelve months stood at 44.55. Turning to its 52-week performance, $2.47 and $1.40 were the 52-week high and 52-week low respectively. Overall, DNN moved 28.10% over the past month.
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Denison Mines Corp’s market cap currently stands at around $1.75 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-07.
Analysts have a consensus estimate of 820k for the company’s revenue for the quarter, with a low and high estimate of 820k and 820k respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 5.41M, representing a 297.20% jump on that reported in the last financial year.
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% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
2 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 0 analyst(s) rate the stock as a Hold, 2 recommend DNN as a Buy and 0 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 Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
DNN’s current price about 17.54% and 18.23% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.77, while 7-day volatility ratio is 4.47% and 4.85% in the 30-day chart. Further, Denison Mines Corp (DNN) has a beta value of 1.71, and an average true range (ATR) of 0.09. Analysts have given the company’s stock an average 52-week price target of $2.6, forecast between a low of $2.6 and high of $2.6. Looking at the price targets, the low is -32.65% off recent price level in today’s trading while to achieve the yearly target high, it has to move -32.65%. Nonetheless, investors will most likely welcome a -32.65% jump to $2.6 which is the analysts’ median price.
If we refocus on Denison Mines Corp (AMEX:DNN), historical trading data shows that trading volumes averaged 20.97 over the past 10 days and 17.05 million over the past 3 months. The company’s latest data on shares outstanding shows there are 890.97 million shares.
The 1.30% of Denison Mines Corp’s shares are in the hands of company insiders while institutional holders own 46.39% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 42.86 million on 2024-09-13, giving us a short ratio of 2.48. Current price change has pushed the stock 10.73% 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.
