Denison Mines Corp. (DNN): Here Are Some Research Recommendations

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Denison Mines Corp. (AMEX:DNN) traded with a subtraction of -$0.01 to close at $1.13 on Friday, a downside of -0.44 percent. An average of 3,173,348 shares of common stock have been traded in the last five days. There was a fall of -$0.0316 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 4,096,537 shares traded, while the 50-day average volume stands at 3,914,345.

DNN stock has decreased by -3.39% in the last month. The company shares reached their 1-month lowest point of $1.0600 on 12/06/22. With the stock rallying to its 52-week high on 04/08/22, shares of the company touched a low of $0.91 and a high of $1.83 in 52 weeks. It has reached a new high 5 times so far this year and lost -16.79% or -$0.2316 in price. In spite of this, the price is down -37.98% from the 52-week high.


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Valuation Metrics

Denison Mines Corp. (DNN) has a trailing price-to-earnings (P/E) ratio of 76.00. The stock’s beta is 1.74. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 73.82, the price-to-book (PB) ratio at 2.92.

Financial Health

The quick ratio of Denison Mines Corp. for the three months ended September 29 was 3.20, and the current ratio was 3.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $5.66 million compared to revenue of $15.96 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Denison Mines Corp.’s return on assets was 3.30%.

Earnings Surprise

The analyst consensus anticipated Denison Mines Corp.’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.01, a 0.00% surprise. For the quarter, EBITDA amounted to -$2.92 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Denison Mines Corp. (DNN) price momentum. RSI 9-day as of the close on 29 December was 48.17%, suggesting the stock is Neutral, with historical volatility in this time frame at 56.76%.

As of today, DNN’s price is $1.1397 -2.70% or -$0.0316 from its 5-day moving average. DNN is currently trading -4.34% lower than its 20-day SMA and -3.53% lower than its 100-day SMA. However, the stock’s current price level is -5.13% below the SMA50 and -22.56% below the SMA200.

The stochastic %K and %D were 35.67% and 41.00%, respectively, and the average true range (ATR) was 0.0540. With the 14-day stochastic at 40.33% and the average true range at 0.0572, the RSI (14) stands at 47.97%. The stock has reached -0.0092 on the 9-day MACD Oscillator while the 14-day reading was at -0.0114.

Analyst Ratings

TD Securities upgraded Denison Mines Corp. (AMEX: DNN) to a a Speculative buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Denison Mines Corp. (DNN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DNN, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 4 others rate it as a “buy”.

What is DNN’s price target for the next 12 months?

Analysts predict a range of price targets between $1.18 and $3.85, with a median target of $1.81. Taking a look at these predictions, the average price target given by analysts for Denison Mines Corp. (DNN) stock is $2.07.

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