Denison Mines Corp (AMEX:DNN) price on Wednesday, January 15, rose 2.09% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.95.
A look at the stock’s price movement, the close in the last trading session was $1.91, moving within a range at $1.92 and $1.9707. The beta value (5-Year monthly) was 1.884. Turning to its 52-week performance, $2.47 and $1.40 were the 52-week high and 52-week low respectively. Overall, DNN moved -9.30% over the past month.
Denison Mines Corp’s market cap currently stands at around $1.74 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 801k for the company’s revenue for the quarter, with a low and high estimate of 801k and 801k respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.97M, representing a 117.23% 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 50% Sell. 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% Sell 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 0.08% and -7.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.64, while 7-day volatility ratio is 4.69% and 4.91% in the 30-day chart. Further, Denison Mines Corp (DNN) has a beta value of 1.75, and an average true range (ATR) of 0.10. 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 -33.33% off current price level while to achieve the yearly target high, price needs to move -33.33%. Nonetheless, investors will most likely welcome a -33.33% 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 28.73 over the past 10 days and 23.23 million over the past 3 months. The company’s latest data on shares outstanding shows there are 892.60 million shares.
The 1.02% of Denison Mines Corp’s shares are in the hands of company insiders while institutional holders own 44.93% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 47.57 million on 2024-12-31, giving us a short ratio of 1.92. Current price change has pushed the stock 8.33% 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.
