| Why Denison Mines (DNN) Might Be a Diamond in the Rough | |
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It can be very difficult to find companies that are both flying under the radar, and still might have potential for gains. Many times, stocks are off investors’ radar screens for a reason, though there are some hidden gems that could be worth uncovering by those with a high risk tolerance. One way to find these underappreciated stocks is by looking at companies that haven’t seen their share prices move higher lately, but have observed analysts raising earnings estimates for their stock. This trend could signal that investors haven’t quite embraced the rising estimate story yet, but that the potential for a big move higher is definitely there. One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Denison Mines Corp. (DNN). This Mining - Miscellaneous stock has actually seen estimates rise over the past month for the current fiscal year by about 66.7%. But that is not yet reflected in its price, as the stock has lost 12.5% over the same time frame. You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 75%, which should ultimately translate into price appreciation. And if this isn’t enough, DNN currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance). So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Denison Mines. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for DNN and that now might be an interesting buying opportunity. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report DENISON MINES (DNN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : DML.TO |
ISIN : CA2483561072 |
CUSIP : 248356107 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Denison Mines is a uranium development stage company based in Canada. Denison Mines produces uranium, nickel in Canada, develops uranium in Canada and in Zambia, and holds various exploration projects in Canada, in Mongolia and in Zambia. Its main assets in production are MCCLEAN LAKE, DANEROS and ARIZONA 1 (ARIZONA STRIP) in Canada, its main assets in development are MIDWEST and MIDWEST - MAE ZONE in Canada and MUTANGA in Zambia and its main exploration properties are WOLLY, PARK CREEK, HUARD-KIRSCH LAKE, LARK-ROYAL, THOMPSON PROJECT, GEITUS, BLUE JAY PROJECT, MARCY-LOOK, BELL LAKE, MOORE LAKE, WHEELER RIVER, RIM CANYON, BEAVER SHAFT and WEST SUNDAY in Canada. Denison Mines is listed in Canada, in Germany and in United States of America. Its market capitalisation is 122.4 millions as of today (US$ 89.1 millions, € 81.4 millions). Its stock quote reached its lowest recent point on January 14, 2000 at 0.10, and its highest recent level on December 14, 2007 at 9.95. Denison Mines has 47 442 200 shares outstanding. |