Please utilize analysis of Denison Mines Corp fundamentals to determine if markets are correctly pricing the company. We were able to break down and interpolate thirty-three available fundamental indicators for Denison Mines Corp, which can be compared to its peers. The stock experiences a moderate downward daily trend and can be a good diversifier. Check odds of Denison Mines to be traded at C$3.25 in 90 days. Key indicators impacting Denison Mines' financial strength include:
Understanding current and past Denison Mines Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Denison Mines' financial statements are interrelated, with each one affecting the others. For example, an increase in Denison Mines' assets may result in an increase in income on the income statement.
Denison Mines competes with Skyharbour Resources, IShares Canadian, Altagas Cum, European Residential, and RBC Discount. Denison Mines Corp. operates as a uranium exploration and development company in Canada. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp. in December 2006. DENISON MINES operates under Uranium classification in Canada and is traded on Toronto Stock Exchange.
You should never invest in Denison Mines without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Denison Stock, because this is throwing your money away. Analyzing the key information contained in Denison Mines' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Denison Mines Key Financial Ratios
Denison Mines' financial ratios allow both analysts and investors to convert raw data from Denison Mines' financial statements into concise, actionable information that can be used to evaluate the performance of Denison Mines over time and compare it to other companies across industries.
Comparative valuation techniques use various fundamental indicators to help in determining Denison Mines's current stock value. Our valuation model uses many indicators to compare Denison Mines value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Denison Mines competition to find correlations between indicators driving Denison Mines's intrinsic value. More Info.
Denison Mines Corp is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers . At this time, Denison Mines' Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Denison Mines by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Denison Mines' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.
Denison Mines Corp Systematic Risk
Denison Mines' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Denison Mines volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Denison Mines Corp correlated with the market. If Beta is less than 0 Denison Mines generally moves in the opposite direction as compared to the market. If Denison Mines Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Denison Mines Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Denison Mines is generally in the same direction as the market. If Beta > 1 Denison Mines moves generally in the same direction as, but more than the movement of the benchmark.
Denison Mines Corp Total Assets Over Time
Today, most investors in Denison Mines Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Denison Mines' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Denison Mines growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Denison Mines help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Denison Mines Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Denison Mines Corp based on widely used predictive technical indicators. In general, we focus on analyzing Denison Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Denison Mines's daily price indicators and compare them against related drivers.
When determining whether Denison Mines Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Denison Mines' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Denison Mines Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Denison Mines Corp Stock:
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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Please note, there is a significant difference between Denison Mines' value and its price as these two are different measures arrived at by different 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.