Denison Mines Corp (AMEX:DNN) finished Wednesday with an addition of $0.03 to close at $1.67, an upside of 1.83 percent. An average of 11,827,680 shares of common stock have been traded in the last five days. There was a gain of $0.0800 in the past week, and it reached a new high 25 times over the past 12 months. The last 20 days have seen an average of 10,087,445 shares traded, while the 50-day average volume stands at 6,728,702.
DNN stock has increased by 18.44% in the last month. The company shares reached their 1-month lowest point of $1.3700 on 08/30/23. With the stock rallying to its 52-week high on 09/26/23, shares of the company touched a low of $0.92 and a high of $1.74 in 52 weeks. It has reached a new high 22 times so far this year and achieved 45.22% or $0.5200 in price. In spite of this, the price is down -4.02% from the 52-week high.
Valuation Metrics
Denison Mines Corp (DNN) stock’s beta is 1.76. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 176.25, the price-to-book (PB) ratio at 4.09.
Financial Health
The quick ratio of Denison Mines Corp for the three months ended June 29 was 3.53, and the current ratio was 3.70, 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 June 29. Denison Mines Corp’s EBITDA margin for the year ending June 29 is -172.49%, while its operating margin for the same period stands at -367.00%. Its gross profit as reported stood at $4.09 million compared to revenue of $13.03 million.
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, a 100.00% surprise. For the quarter, EBITDA amounted to $3.72 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 27 September was 64.37%, suggesting the stock is Neutral, with historical volatility in this time frame at 50.92%.
As of today, DNN’s price is $1.6460 +5.03% or $0.0800 from its 5-day moving average. DNN is currently trading +20.14% higher than its 20-day SMA and +62.14% higher than its 100-day SMA. However, the stock’s current price level is +33.60% above the SMA50 and +45.22% above the SMA200.
The stochastic %K and %D were 83.31% and 82.96%, respectively, and the average true range (ATR) was 0.0826. With the 14-day stochastic at 80.56% and the average true range at 0.0765, the RSI (14) stands at 64.96%. The stock has reached 0.0400 on the 9-day MACD Oscillator while the 14-day reading was at 0.0910.
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 5 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 $1.67 and $4.55, with a median target of $2.03. Taking a look at these predictions, the average price target given by analysts for Denison Mines Corp (DNN) stock is $2.33.
