Denison Mines Corp Stock Price on April 27, 2023
| DML Stock | CAD 2.97 0.11 3.57% |
Below is the normalized historical share price chart for Denison Mines Corp extending back to July 21, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Denison Mines stands at 2.97, as last reported on the 16th of December 2024, with the highest price reaching 3.08 and the lowest price hitting 2.96 during the day.
If you're considering investing in Denison Stock, it is important to understand the factors that can impact its price. Denison Mines appears to be unstable, given 3 months investment horizon. Denison Mines Corp secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. By reviewing Denison Mines' technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Denison Mines' Coefficient Of Variation of 628.04, downside deviation of 2.54, and Mean Deviation of 2.41 to check if our risk estimates are consistent with your expectations.
At this time, Denison Mines' Common Stock Shares Outstanding is very stable compared to the past year. As of the 16th of December 2024, Sale Purchase Of Stock is likely to grow to about 29.6 M, while Total Stockholder Equity is likely to drop about 326 M. . At this time, Denison Mines' Price To Sales Ratio is very stable compared to the past year. As of the 16th of December 2024, Price Earnings Ratio is likely to grow to 22.86, while Price Earnings To Growth Ratio is likely to drop 0.04. Denison Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 2.7338 | 50 Day MA 3.02 | Beta 1.884 |
Denison |
Sharpe Ratio = 0.1839
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Estimated Market Risk
| 3.18 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.58 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Denison Mines is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Denison Mines by adding it to a well-diversified portfolio.
Price Book 4.5324 | Enterprise Value Ebitda 27.6596 | Price Sales 672.009 | Shares Float 889.6 M | Wall Street Target Price 4.339 |
Denison Mines Valuation on April 27, 2023
It is possible to determine the worth of Denison Mines on a given historical date. On April 27, 2023 Denison was worth 1.39 at the beginning of the trading date compared to the closed value of 1.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Denison Mines stock. Still, in general, we apply an absolute valuation method to find Denison Mines' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Denison Mines where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Denison Mines' related companies.
| Open | High | Low | Close | Volume | |
| 1.41 | 1.47 | 1.39 | 1.40 | 1,548,741 | |
04/27/2023 | 1.39 | 1.46 | 1.39 | 1.43 | 781,580 |
| 1.43 | 1.50 | 1.43 | 1.49 | 2,585,591 |
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Denison Mines Trading Date Momentum on April 27, 2023
| On April 28 2023 Denison Mines Corp was traded for 1.49 at the closing time. The maximum traded price for the trading interval was 1.50 and the lowest daily price was 1.43 . The daily volume was recorded at 2.6 M. The volume of trading on 28th of April 2023 played a part in the next trading day price boost. The overall trading delta to the next closing price was 4.20% . The overall trading delta to the closing price today is 1.40% . |
Denison Mines Corp Fundamentals Correlations and Trends
By evaluating Denison Mines' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Denison Mines' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Denison financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Denison Mines Stock history
Denison Mines investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Denison is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Denison Mines Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Denison Mines stock prices may prove useful in developing a viable investing in Denison Mines
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 854 M | 896.7 M | |
| Net Income Applicable To Common Shares | 16.5 M | 17.3 M |
Denison Mines Quarterly Net Working Capital |
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Denison Mines Stock Technical Analysis
Denison Mines technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Denison Mines Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
Denison Mines Corp cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Denison Mines December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Denison Mines stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Denison Mines shares will generate the highest return on investment. By undertsting and applying Denison Mines stock market strength indicators, traders can identify Denison Mines Corp entry and exit signals to maximize returns
Denison Mines Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Denison Mines' price direction in advance. Along with the technical and fundamental analysis of Denison Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Denison to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1232 | |||
| Jensen Alpha | 0.4808 | |||
| Total Risk Alpha | 0.1007 | |||
| Sortino Ratio | 0.1592 | |||
| Treynor Ratio | 3.35 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.