Denison Mines Corp (AMEX:DNN) price on Wednesday, May 21, rose 4.83% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.52.
A look at the stock’s price movement, the close in the last trading session was $1.45. Turning to its 52-week performance, $2.47 and $1.08 were the 52-week high and 52-week low respectively. Overall, DNN moved 17.83% over the past month.
Denison Mines Corp’s market cap currently stands at around $1.36 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 787k for the company’s revenue for the quarter, with a low and high estimate of 787k and 787k respectively. The average forecast suggests down to a -18.42% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 6.73M, representing a 141.03% 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 Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% 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 3.61% and 8.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.73, while 7-day volatility ratio is 5.63% and 5.31% in the 30-day chart. Further, Denison Mines Corp (DNN) has a beta value of 1.42, and an average true range (ATR) of 0.08. 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 -71.05% off current price level while to achieve the yearly target high, price needs to move -71.05%. Nonetheless, investors will most likely welcome a -71.05% 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 62.81 million over the past 3 months. The company’s latest data on shares outstanding shows there are 896.21 million shares.
The 1.25% of Denison Mines Corp’s shares are in the hands of company insiders while institutional holders own 51.19% of the company’s shares. Current price change has pushed the stock -15.56% 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.
