The Week Ahead: Are Investors Really Too Optimistic About Denison Mines Corp (AMEX: DNN)

Denison Mines Corp (AMEX:DNN) currently has a daily average trading volume of 33.51M but it saw 70318194 shares traded in last market. With a market cap of 1.34B USD, the company’s current market price of $1.50 came rising about 1.35 while comparing to the previous closing price of $1.48. 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.

Taking a look at 20-day trading activity of Denison Mines Corp (DNN) gives us an average price of $1.7105, while its current price level is -39.27% below from 52-week high level whereas it is 7.14% 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 $1.8546 while that of 200 days or SMA-200 reads an average of $1.9505. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.18% during that period while stretching the period over a month that increases to 5.31%. 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 31.09 which implies that the stock is in neutral territory.

Over the week, DNN’s stock price is moving -6.25% down while it is -13.29% when we observe its performance for the past one month. Year-to-date it is -16.67% down and over the past year, the stock is showing a downside performance of -14.77%.

The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of -0.01 while estimate for next year EPS is -0.06. In next quarter, company is expected to be making quarterly sales of $801k as analysts are expecting the sales for current fiscal year at $2.97M and seeing the company making $9.43M in sales next year. Moreover, analysts are in estimates of $801k for current-quarter revenue.

Currently, Denison Mines Corp’s total number of outstanding shares is 892.60M with 0.32% of that held by the insiders while 54.97% of its common stock has been owned by the institutions. Stock’s beta reads 1.90. Stock has a price to book (P/B) ratio of 3.09.