Denison Mines Corp Stock Total Asset
| DML Stock | CAD 2.85 0.03 1.04% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Denison Mines' long-term financial health and intrinsic value.
Denison |
Denison Mines Corp Company Total Asset Analysis
Denison Mines' Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Current Denison Mines Total Asset | 663.61 M |
Most of Denison Mines' fundamental indicators, such as Total Asset, 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.
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
| Competition |
Based on the latest financial disclosure, Denison Mines Corp has a Total Asset of 663.61 M. This is 98.13% lower than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The total asset for all Canada stocks is 97.75% higher than that of the company.
Denison Total Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Denison Mines' direct or indirect competition against its Total Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Denison Mines could also be used in its relative valuation, which is a method of valuing Denison Mines by comparing valuation metrics of similar companies.Denison Mines is currently under evaluation in total asset category among its peers.
Denison Fundamentals
| Return On Equity | -0.2 | ||||
| Return On Asset | -0.0618 | ||||
| Operating Margin | (16.10) % | ||||
| Current Valuation | 2.44 B | ||||
| Shares Outstanding | 896.35 M | ||||
| Shares Owned By Insiders | 0.30 % | ||||
| Shares Owned By Institutions | 56.59 % | ||||
| Number Of Shares Shorted | 15.69 M | ||||
| Price To Earning | (28.00) X | ||||
| Price To Book | 4.94 X | ||||
| Price To Sales | 565.37 X | ||||
| Revenue | 4.02 M | ||||
| Gross Profit | (252 K) | ||||
| EBITDA | (56.2 M) | ||||
| Net Income | (91.12 M) | ||||
| Cash And Equivalents | 104.44 M | ||||
| Cash Per Share | 0.06 X | ||||
| Total Debt | 99.29 M | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 4.17 X | ||||
| Book Value Per Share | 0.58 X | ||||
| Cash Flow From Operations | (40.38 M) | ||||
| Short Ratio | 5.02 X | ||||
| Earnings Per Share | (0.13) X | ||||
| Price To Earnings To Growth | (0.52) X | ||||
| Target Price | 4.02 | ||||
| Number Of Employees | 10 | ||||
| Beta | 1.95 | ||||
| Market Capitalization | 2.58 B | ||||
| Total Asset | 663.61 M | ||||
| Retained Earnings | (1.18 B) | ||||
| Working Capital | 89.83 M | ||||
| Net Asset | 663.61 M |
About Denison Mines Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Denison Mines Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Denison Mines using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Denison Mines Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
Moving against Denison Stock
| 0.68 | ENS-PA | E Split Corp | PairCorr |
| 0.51 | MFC | Manulife Financial Corp Earnings Call This Week | PairCorr |
| 0.5 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.43 | SAGE | Sage Potash Corp | PairCorr |
| 0.37 | 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 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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.