Denison Mines Corp [DNN] Stock trading around $1.88 per share: What’s Next?

Denison Mines Corp [AMEX: DNN] stock went on an upward path that rose over 1.62% on Monday, amounting to a one-week price increase of more than 5.62%. The company report on November 8, 2023 at 6:51 PM that Denison Reports Financial Results from Q3’2023, Including EPS of $0.07 Driven by Significant Gains on Physical Uranium Holdings.

Denison Mines Corp. (‘Denison’ or the ‘Company’) (TSX: DML) (NYSE American: DNN) has filed its Condensed Consolidated Financial Statements and Management’s Discussion & Analysis (‘MD&A’) for the quarter ended September 30, 2023.  Both documents are or will be available on the Company’s website at www.denisonmines.com, SEDAR+ (at www.sedarplus.ca) and EDGAR (at www.sec.gov/edgar.shtml). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts in this release are in Canadian dollars unless otherwise stated. View PDF.

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The Company reported earnings per share (‘EPS’) of $0.07 for the third quarter of 2023, which was driven by the recognition of a significant gain on the Company’s physical uranium holdings, net of operating expenses primarily related to the Company’s advancement of its flagship Wheeler River Project.

Over the last 12 months, DNN stock rose by 55.37%. The one-year Denison Mines Corp stock forecast points to a potential upside of 25.69. The average equity rating for DNN stock is currently 1.57, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1.67 billion, with 888.61 million shares outstanding and 870.88 million shares in the current float. Compared to the average trading volume of 9.71M shares, DNN stock reached a trading volume of 5868270 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Denison Mines Corp [DNN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DNN shares is $2.53 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DNN stock is a recommendation set at 1.57. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

TD Securities have made an estimate for Denison Mines Corp shares, keeping their opinion on the stock as Speculative Buy, with their previous recommendation back on May 27, 2022.

The Average True Range (ATR) for Denison Mines Corp is set at 0.07, with the Price to Sales ratio for DNN stock in the period of the last 12 months amounting to 218.09. The Price to Book ratio for the last quarter was 4.05, with the Price to Cash per share for the same quarter was set at 0.07.

DNN Stock Performance Analysis:

Denison Mines Corp [DNN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.62. With this latest performance, DNN shares gained by 20.51% in over the last four-week period, additionally plugging by 77.36% over the last 6 months – not to mention a rise of 55.37% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DNN stock in for the last two-week period is set at 74.28, with the RSI for the last a single of trading hit 81.90, and the three-weeks RSI is set at 69.27 for Denison Mines Corp [DNN]. The present Moving Average for the last 50 days of trading for this stock 1.6164, while it was recorded at 1.8520 for the last single week of trading, and 1.3046 for the last 200 days.

Insight into Denison Mines Corp Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Denison Mines Corp [DNN] shares currently have an operating margin of -205.45 and a Gross Margin at -156.66. Denison Mines Corp’s Net Margin is presently recorded at +84.71.

Return on Total Capital for DNN is now -8.35, given the latest momentum, and Return on Invested Capital for the company is 3.44. Return on Equity for this stock inclined to 3.45, with Return on Assets sitting at 2.57. When it comes to the capital structure of this company, Denison Mines Corp [DNN] has a Total Debt to Total Equity ratio set at 0.13. Additionally, DNN Total Debt to Total Capital is recorded at 0.13, with Total Debt to Total Assets ending up at 0.10. Long-Term Debt to Equity for the company is recorded at 0.08, with the Long-Term Debt to Total Capital now at 0.08.

Receivables Turnover for the company is 4.35 with a Total Asset Turnover recorded at a value of 0.03.Denison Mines Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.10 and a Current Ratio set at 5.29.

Denison Mines Corp [DNN] Institutonal Ownership Details

The top three institutional holders of DNN stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in DNN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in DNN stock with ownership which is approximately 5.7994%.