Is Denison Mines Stock a Good Investment?
Denison Mines Investment Advice | DNN |
- Examine Denison Mines' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Denison Mines' leadership team and their track record. Good management can help Denison Mines navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Oil, Gas & Consumable Fuels space and any emerging trends that could impact Denison Mines' business and its evolving consumer preferences.
- Compare Denison Mines' performance and market position to its competitors. Analyze how Denison Mines is positioned in terms of product offerings, innovation, and market share.
- Check if Denison Mines pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Denison Mines' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Denison Mines Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Denison Mines Corp is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Very risky | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | About Average | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Denison Mines Stock
Researching Denison Mines' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 55.0% of the company shares are held by institutions such as insurance companies. The book value of Denison Mines was currently reported as 0.66. The company recorded a loss per share of 0.02. Denison Mines Corp had not issued any dividends in recent years. The entity had 288:100 split on the 7th of December 2006.
To determine if Denison Mines is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Denison Mines' research are outlined below:
| Denison Mines Corp generated a negative expected return over the last 90 days | |
| Denison Mines Corp may become a speculative penny stock | |
| Denison Mines Corp has high historical volatility and very poor performance | |
| Denison Mines Corp has about 47.85 M in cash with (30.67 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08. | |
| Denison Mines Corp has a frail financial position based on the latest SEC disclosures |
Denison Mines uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Denison Mines Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Denison Mines' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 14th of March 2024 Upcoming Quarterly Report | View | |
| 8th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Denison Mines' market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 1.4 B.Basic technical analysis of Denison Stock
As of the 25th of February, Denison Mines shows the Variance of 15.93, standard deviation of 3.99, and Mean Deviation of 2.74. Denison Mines Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.Denison Mines' Outstanding Corporate Bonds
Denison Mines issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Denison Mines Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Denison bonds can be classified according to their maturity, which is the date when Denison Mines Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View |
Understand Denison Mines' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Denison Mines' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.12) | |||
| Market Risk Adjusted Performance | (3.52) | |||
| Mean Deviation | 2.74 | |||
| Coefficient Of Variation | (594.29) | |||
| Standard Deviation | 3.99 | |||
| Variance | 15.93 | |||
| Information Ratio | (0.17) | |||
| Jensen Alpha | (0.68) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (3.53) | |||
| Maximum Drawdown | 30.33 | |||
| Value At Risk | (5.91) | |||
| Potential Upside | 4.26 | |||
| Skewness | 0.3865 | |||
| Kurtosis | 5.76 |
| Risk Adjusted Performance | (0.12) | |||
| Market Risk Adjusted Performance | (3.52) | |||
| Mean Deviation | 2.74 | |||
| Coefficient Of Variation | (594.29) | |||
| Standard Deviation | 3.99 | |||
| Variance | 15.93 | |||
| Information Ratio | (0.17) | |||
| Jensen Alpha | (0.68) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (3.53) | |||
| Maximum Drawdown | 30.33 | |||
| Value At Risk | (5.91) | |||
| Potential Upside | 4.26 | |||
| Skewness | 0.3865 | |||
| Kurtosis | 5.76 |
Consider Denison Mines' intraday indicators
Denison Mines intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Denison Mines stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Denison Mines time-series forecasting models is one of many Denison Mines' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Denison Mines' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.
Denison Stock media impact
Far too much social signal, news, headlines, and media speculation about Denison Mines that are available to investors today. That information is available publicly through Denison media outlets and privately through word of mouth or via Denison internal channels. However, regardless of the origin, that massive amount of Denison data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Denison Mines news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Denison Mines relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Denison Mines' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Denison Mines alpha.
Denison Mines Corporate Directors
| Jack Lundin | Independent Director | Profile | |
| Patricia Volker | Independent Director | Profile | |
| William Rand | Independent Director | Profile | |
| Brian Edgar | Independent Director | Profile |
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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Denison Mines. If investors know Denison will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Denison Mines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Denison Mines Corp is measured differently than its book value, which is the value of Denison that is recorded on the company's balance sheet. Investors also form their own opinion of Denison Mines' value that differs from its market value or its book value, called intrinsic value, which is Denison Mines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Denison Mines' market value can be influenced by many factors that don't directly affect Denison Mines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Denison Mines' value and its price, as these two are different measures arrived at by various means. Investors typically determine if Denison Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Denison Mines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.