Are Analysts Too Bullish On Denison Mines Corp (DNN)

Denison Mines Corp (AMEX:DNN) currently has a daily average trading volume of 19.59M but it saw 23565167 shares traded in last market. With a market cap of 2.83B USD, the company’s current market price of $2.28 came falling about -3.80 while comparing to the previous closing price of $2.37. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.47 and as low as $1.40. In the recent trading on the day, stock has struck highest price mark of $2.25 while lowest mark touched by it was $2.38.

Taking a look at 20-day trading activity of Denison Mines Corp (DNN) gives us an average price of $2.14, while its current price level is -7.69% below from 52-week high level whereas it is 62.86% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.99 while that of 200 days or SMA-200 reads an average of $1.96. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.64% during that period while stretching the period over a month that decreases to 5.70%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 60.68 which implies that the stock is in neutral territory.

Over the week, DNN’s stock price is moving 9.62% up while it is -0.44% when we observe its performance for the past one month. Year-to-date it is 28.81% up and over the past year, the stock is showing an upside performance of 23.91%.

Currently, Denison Mines Corp’s total number of outstanding shares is 890.97M. Company’s return on investment (ROI) stands at 8.65% and return on equity (ROE) at 10.52%. It has a price to earnings ratio (P/E ratio) of 51.82. Stock’s beta reads 1.72. Stock has a price to book (P/B) ratio of 4.70 while price to sale or P/S ratio amounts to 368.82. Its return on asset (ROA) is 8.94% on average.