Looking To Buy Denison Mines Corp. (DNN)? Read This First

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Denison Mines Corp. (AMEX:DNN) saw an upside of 4.38% to close Tuesday at $1.43 after adding $0.06 on the day. The 5-day average trading volume is 5,539,760 shares of the company’s common stock. It has gained $1.4300 in the past week and touched a new high 4 times within the past 5 days. An average of 4,976,610 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,437,978.

DNN’s 1-month performance is 19.17% or $0.2700 on its low of $1.1000 reached on 01/05/23. The company’s shares have touched a 52-week low of $0.91 and high of $1.83, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, DNN has achieved 24.35% or $0.2800 and has reached a new high 9 times. However, the current price is down -21.86% from the 52-week high price.

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Valuation Metrics

DNN stock has a beta of 1.81. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 85.26 while the price-to-book (PB) in the most recent quarter is 3.67.

Denison Mines Corp.’s quick ratio for the period ended September 29 was 3.20, with the current ratio over the same period at 3.30.. In terms of profitability, the gross margin trailing 12 months is 33.30%. The firm’s gross profit as reported stood at $5.66 million against revenue of $15.96 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected DNN to announce -$0.01 per share in earnings in its latest quarter, but it posted -$0.01, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$2.92 million. DNN stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 70.38 million, with total debt at $0.59 million.

Let’s look briefly at Denison Mines Corp. (DNN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 72.61% to suggest the stock is trending Overbought, with historical volatility in this time period at 53.60%.

The stock’s 5-day moving average is $1.3300, reflecting a +10.00% or $0.1300 change from its current price. DNN is currently trading +22.22% above its 20-day SMA, +2.14% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +22.22% and SMA200 by-11.18%.

Stochastic %K and %D was 96.92% and 82.72% and the average true range (ATR) pointed at 0.0707. The RSI (14) points at 67.66%, while the 14-day stochastic is at 100.00% with the period’s ATR at 0.0678. The stock’s 9-day MACD Oscillator is pointing at 0.0500 and 0.0890 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Denison Mines Corp. (AMEX: DNN), TD Securities upgraded it to a Speculative buy rating. They previously had a Hold rating on the stock.

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