Denison Mines Corp (DNN) stock expected to gain 36.84% in the coming months

At the time of writing, Denison Mines Corp [DNN] stock is trading at $1.90, down -3.06%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DNN shares have gain 3.83% over the last week, with a monthly amount glided 31.94%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, BMO Capital Markets upgraded its rating to Outperform on September 25, 2024. On June 27, 2024, ROTH MKM initiated with a Buy rating. TD Securities upgraded its rating to a Speculative Buy. Credit Suisse downgraded its rating to a Underperform. In a note dated April 15, 2013, BMO Capital Markets reiterated an Market Perform rating on this stock and revised its target price from $1.80 to $1.50.

For the past year, the stock price of Denison Mines Corp fluctuated between $1.40 and $2.47. Currently, Wall Street analysts expect the stock to reach $2.6 within the next 12 months. Denison Mines Corp [AMEX: DNN] shares were valued at $1.90 at the most recent close of the market. An investor can expect a potential return of 36.84% based on the average DNN price forecast.

Analyzing the DNN fundamentals

According to Denison Mines Corp [AMEX:DNN], the company’s sales were 7.66M for trailing twelve months, which represents an 20.92% jump. Gross Profit Margin for this corporation currently stands at 43.25% with Operating Profit Margin at 96.62%, Pretax Profit Margin comes in at -97.46%, and Net Profit Margin reading is -101.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.09 and Total Capital is -0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.0.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.8434 points at the first support level, and at 1.7868 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9633, and for the 2nd resistance point, it is at 2.0266.

Ratios To Look Out For

It is important to note that Denison Mines Corp [AMEX:DNN] has a current ratio of 6.94. In addition, the Quick Ratio stands at 6.78 and the Cash Ratio stands at 6.22. Considering the valuation of this stock, the price to sales ratio is 221.35, the price to book ratio is 3.81 and price to earnings (TTM) ratio is 43.18.

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