Denison Mines Corp (AMEX:DNN) traded at $2.08 at close of the session on Friday, November 01 and made a downward move of -0.95% on its previous day’s price.
Looking at the stock we see that its previous close was $2.10 and the beta (5Y monthly) reads 1.893 with the day’s price range being $2.06 – $2.1699. The company has a trailing 12-month PE ratio of 47.27. In terms of its 52-week price range, DNN has a high of $2.47 and a low of $1.40. The company’s stock has gained about 9.47% over that past 30 days.
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Denison Mines Corp has a market cap of $2.57 billion and is expected to release its quarterly earnings report in December.
On the other hand, looking at the outlook for the DNN stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Denison Mines Corp (DNN) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -0.88% off its SMA20 and 12.66% from its 50-day simple moving average. The RSI (14) is pointing at 52.73 while the volatility over the past week is 4.89% and jumps to 5.41% over the past one month. The beta value is 1.69, while the average true range (ATR) is currently pointing at 0.11. The average price target for the stock over the next 12 months is $2.6, with the estimates having a low of $2.6 and a high of $2.6. These price ends are -25.0% and -25.0% off the current price level respectively, although investors could be excited at the prospect of a -25.0% if the DNN share price touches on the median price of $2.6.
Coming back to Denison Mines Corp (AMEX:DNN), we note that the average 3-month trading volume was 18.61 million, while that of the preceding 10-day period stands at 18.84 million. Current shares outstanding are 890.97 million.
The insiders hold 1.30% of the company’s shares while institutions hold 46.51%. The data shows that short shares as of 2024-10-15, stood at 44.22 million at a short ratio of 2.33. Shares short rose in October from the previous month at 42.86 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 17.51% up in year-to-date price movement.
