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Why Denison Mine (DNN) Dipped More Than Broader Market Today
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In the latest trading session, Denison Mine (DNN - Free Report) closed at $1.99, marking a -1% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.88% for the day. On the other hand, the Dow registered a gain of 0.56%, and the technology-centric Nasdaq decreased by 2.05%.
The the stock of uranium mining company has risen by 4.15% in the past month, leading the Basic Materials sector's loss of 0.32% and the S&P 500's loss of 2.57%.
Investors will be eagerly watching for the performance of Denison Mine in its upcoming earnings disclosure.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Denison Mine. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Denison Mine presently features a Zacks Rank of #1 (Strong Buy).
The Mining - Miscellaneous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 154, this industry ranks in the bottom 39% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Why Denison Mine (DNN) Dipped More Than Broader Market Today
In the latest trading session, Denison Mine (DNN - Free Report) closed at $1.99, marking a -1% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.88% for the day. On the other hand, the Dow registered a gain of 0.56%, and the technology-centric Nasdaq decreased by 2.05%.
The the stock of uranium mining company has risen by 4.15% in the past month, leading the Basic Materials sector's loss of 0.32% and the S&P 500's loss of 2.57%.
Investors will be eagerly watching for the performance of Denison Mine in its upcoming earnings disclosure.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Denison Mine. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Denison Mine presently features a Zacks Rank of #1 (Strong Buy).
The Mining - Miscellaneous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 154, this industry ranks in the bottom 39% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.