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Denison Mine (DNN) Outpaces Stock Market Gains: What You Should Know
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Denison Mine (DNN - Free Report) closed at $1.23 in the latest trading session, marking a +1.65% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.69%. Elsewhere, the Dow gained 0.78%, while the tech-heavy Nasdaq added 0.28%.
Heading into today, shares of the uranium mining company had lost 19.87% over the past month, lagging the Basic Materials sector's loss of 4.94% and the S&P 500's loss of 5.29% in that time.
Investors will be hoping for strength from Denison Mine as it approaches its next earnings release.
Any recent changes to analyst estimates for Denison Mine should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Denison Mine currently has a Zacks Rank of #3 (Hold).
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 172, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DNN in the coming trading sessions, be sure to utilize Zacks.com.
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Denison Mine (DNN) Outpaces Stock Market Gains: What You Should Know
Denison Mine (DNN - Free Report) closed at $1.23 in the latest trading session, marking a +1.65% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.69%. Elsewhere, the Dow gained 0.78%, while the tech-heavy Nasdaq added 0.28%.
Heading into today, shares of the uranium mining company had lost 19.87% over the past month, lagging the Basic Materials sector's loss of 4.94% and the S&P 500's loss of 5.29% in that time.
Investors will be hoping for strength from Denison Mine as it approaches its next earnings release.
Any recent changes to analyst estimates for Denison Mine should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Denison Mine currently has a Zacks Rank of #3 (Hold).
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 172, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DNN in the coming trading sessions, be sure to utilize Zacks.com.