Denison Financial Statements From 2010 to 2025
| DML Stock | CAD 2.88 0.05 1.71% |
Check Denison Mines financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Denison Mines' main balance sheet or income statement drivers, such as , as well as many indicators such as . Denison financial statements analysis is a perfect complement when working with Denison Mines Valuation or Volatility modules.
Denison |
Denison Mines Corp Company Current Valuation Analysis
Denison Mines' Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Denison Mines Current Valuation | 2.48 B |
Most of Denison Mines' fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Denison Mines Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Denison Mines Corp has a Current Valuation of 2.48 B. This is 93.63% lower than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The current valuation for all Canada stocks is 85.05% higher than that of the company.
Denison Mines Corp Fundamental Drivers Relationships
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 rated # 5 in return on equity category among its peers. It is rated # 4 in return on asset category among its peers . 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.About Denison Mines Financial Statements
Denison Mines investors utilize fundamental indicators, such as revenue or net income, to predict how Denison Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
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.
Pair Trading with Denison Mines
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Denison Mines position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Denison Mines will appreciate offsetting losses from the drop in the long position's value.Moving together with Denison Stock
| 0.88 | ENB-PFC | Enbridge Pref 11 Earnings Call Today | PairCorr |
| 0.74 | ENB-PFU | Enbridge Pref L Earnings Call Today | PairCorr |
Moving against Denison Stock
| 0.71 | ENS-PA | E Split Corp | PairCorr |
| 0.59 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.46 | MFC | Manulife Financial Corp Earnings Call This Week | PairCorr |
| 0.39 | SAGE | Sage Potash Corp | PairCorr |
| 0.35 | DFN-PA | Dividend 15 Split | PairCorr |
The ability to find closely correlated positions to Denison Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Denison Mines when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Denison Mines - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Denison Mines Corp to buy it.
The correlation of Denison Mines is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Denison Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Denison Mines Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Denison Mines can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Denison Mines Correlation against competitors. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.