The stock of Denison Mines Corp. (AMEX:DNN) increased by $0.01 on Monday to finish at $1.39, up 0.72 percent. The last five days have seen an average of 5,368,240 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $0.2400. The average number of shares traded over the last 20 days was 4,010,480, while the average volume over the last 50 days totaled 3,780,090.
DNN stock appreciated 12.10% since last month. On 07/28/23, the company’s shares reached a one-month low of $1.2000. The stock touched a high of $1.53 on 02/02/23, after rallying from a low of $0.92 in 52 weeks. The price of DNN stock has risen by 20.87% or $0.2400 this year, reaching a new high 14 times. Still, the stock price is down -9.15% from the 52-week high.
Valuation Metrics
Beta for the stock is 1.83. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 105.77, the price-to-book (PB) ratio of 3.47.
Financial Health
For the three months ended June 29, Denison Mines Corp.’s quick ratio was 3.50, while its current ratio was 3.70, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 19.00% percent. Based on annual data, it had gross profit of $4.09 million and revenue of $13.03 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DNN’s return on assets (ROA) during the last 12 months has been -2.70%. There was a 4.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -3.30%.
Earnings Surprise
According to Denison Mines Corp.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Denison Mines Corp.’s quarterly earnings would be $0, but it ended up being -$0.01. EBITDA was $3.72 million for the quarter. At the end of Denison Mines Corp.’s most recent quarter ended June 29, its liabilities totaled 60.17 million, while its total debt was $0.51 million.
Technical Picture
Here’s a quick look at Denison Mines Corp.’s (DNN) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 72.11%, suggesting the stock is Overbought, with a 33.49% historical volatility rate.
The stochastic %K and %D were 78.05% and 78.55% respectively, while the average true range (ATR) was 0.0645. Based on the 14-day stochastic reading of 92.68%, the RSI (14) reading is 67.68%. On the 9-day MACD Oscillator, the stock is at 0.0467, and the 14-day reading is at 0.0686.
Analyst Ratings
In its most recent analyst report, TD Securities raised its rating on Denison Mines Corp. (AMEX: DNN) to a Speculative buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Denison Mines Corp. (DNN) an Overweight rating. DNN is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 5 others recommend it as a buy.
What is DNN’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.23 and $4.55, with a median target price of $2.03. In analyzing these forecasts, the average price target given by analysts for Denison Mines Corp. (DNN) is $2.26.
