Denison Mines Corp (AMEX: DNN) has a higher price-to-earnings ratio of 53.52x compared to its average ratio, The 36-month beta value for DNN is at 1.72. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 6 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for DNN is 883.54M, and currently, shorts hold a 5.00% of that float. The average trading volume for DNN on November 22, 2024 was 19.94M shares.
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DNN) stock’s latest price update
Denison Mines Corp (AMEX: DNN) has seen a decline in its stock price by -0.21 in relation to its previous close of 2.36. However, the company has experienced a 12.68% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-18 that Denison Mines Corp.’s financial position is robust, with C$106m in cash, C$243m in uranium investments, and no debt, ensuring operational funding until production starts. The company’s premier project, Wheeler River’s Phoenix site, targets production by 2027-2028 using cost-effective and environmentally friendly ISR mining techniques. The outlook for nuclear energy is promising, with increasing demand from governments and tech giants like Amazon and Alphabet, boosting uranium’s long-term prospects.
DNN’s Market Performance
Denison Mines Corp (DNN) has experienced a 12.68% rise in stock performance for the past week, with a 7.05% rise in the past month, and a 37.72% rise in the past quarter. The volatility ratio for the week is 7.00%, and the volatility levels for the past 30 days are at 5.64% for DNN. The simple moving average for the past 20 days is 9.24% for DNN’s stock, with a 20.13% simple moving average for the past 200 days.
DNN Trading at 16.66% from the 50-Day Moving Average
After a stumble in the market that brought DNN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.66% of loss for the given period.
Volatility was left at 5.64%, however, over the last 30 days, the volatility rate increased by 7.00%, as shares surge +8.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +51.27% upper at present.
During the last 5 trading sessions, DNN rose by +13.64%, which changed the moving average for the period of 200-days by +18.75% in comparison to the 20-day moving average, which settled at $2.16. In addition, Denison Mines Corp saw 33.05% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for DNN
Current profitability levels for the company are sitting at:
- 16.65 for the present operating margin
- 5.19 for the gross margin
The net margin for Denison Mines Corp stands at 10.29. The total capital return value is set at -0.07. Equity return is now at value 10.52, with 8.94 for asset returns.
Currently, EBITDA for the company is -43.09 million with net debt to EBITDA at 1.58. When we switch over and look at the enterprise to sales, we see a ratio of -1036.35. The receivables turnover for the company is -0.79for trailing twelve months and the total asset turnover is -0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.28.
Conclusion
In conclusion, Denison Mines Corp (DNN) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
