How to Buy Denison Mines Stock
Denison Mines Corp
Denison Mines Corp. operates as a uranium exploration and development company in Canada.
Denison Mines stock last closed at $2.03, up 3.05% from the previous day, and has increased 100.99% in one year. It has overperformed other stocks in the Uranium industry by 0.3 percentage points. Denison Mines stock is currently +103% from its 52-week low of $1.00, and -9.78% from its 52-week high of $2.25.
There are currently 890.97M DNN shares outstanding. The market value of DNN is $1.81B. In the past 24 hours, 18.14M DNN shares were traded.
How to Buy Denison Mines Stock
Wondering how to invest in Denison Mines stock? Here's how.
- Decide where to buy Denison Mines stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you figure out where to buy Denison Mines stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your investment account: Pick your payment method and add your information.
- Analyze Denison Mines stock: The Denison Mines ticker symbol is DNN. Is Denison Mines stock a good investment? Should you buy shares of DNN? How do DNN's underlying business fundamentals look? Do top analysts think Denison Mines is a good buy? Why has DNN's stock price moved recently? (Hint: Our stock analysis website can help you decide if DNN is a good stock to buy).
- Make your DNN purchase: Decide if you will purchase DNN shares at the current market price or use a limit order to buy DNN stock at a particular price.
- Track your DNN investment: Create a watchlist to key updates about your new investment in Denison Mines stock.
Step 1: Decide where to buy Denison Mines stock
You need an online brokerage account in order to access the NYSEMKT market and buy DNN stock.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best brokerage. eToro gives you:
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- Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal details so you are able to invest in DNN today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create your new brokerage account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have opened your account on apps for stock market, you can securely and quickly fund your account:
Check out the walkthrough below if you need help depositing funds into your brokerage account.
Step 4: Analyze Denison Mines stock
After you have figured out the best place to buy Denison Mines stock, it's absolutely critical to evaluate their stock prior to investing, so you actually comprehend the risk as well as the upside.
Denison Mines Metrics
Denison Mines Due Diligence Checks
WallStreetZen was designed to help average investors do better fundamental analysis in less time.
You can view all of the due diligence checks on DNN's stock page.
What is the fair value of DNN stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge DNN's true value.
Using relative valuations metrics:
- DNN could be overvalued based on its P/E ratio of 25.06x, relative to Uranium industry P/E ratio of 3.08x
- DNN may be undervalued based on its P/B ratio of 3.8x, relative to Uranium industry P/B ratio of 4.52x
- DNN could be undervalued based on its PEG ratio of 0.27x
You can access more valuation research on DNN's stock here.
DNN Financial Summary
Passed Health Checks:
- Total DNN debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the DNN balance sheet.
- DNN has $113.10M in cash and short term investments. This is sufficient to cover its annual cash burn of $25.02M.
- There are more short-term assets than long-term liabilities on the DNN balance sheet.
- DNN profit margin has gone up from 160% to 4,872% in the past year.
- DNN has a low debt to equity ratio of 0.13.
- DNN has cash burn of 25019259. It has enough cash and short-term investments to cover this for at least one year.
DNN Technical Indicators
How are DNN Revenues/Earnings doing?
Last year, DNN earnings were $66.94M. Over the last two year, DNN's earnings have gone up by 127.76% per year. This was faster than the Uranium industry average of 39.04%.
Last year, DNN revenue was $1.37M. During the last 5 year, DNN's revenue has gone up by -34.44% per year. This was slower than the Uranium industry average of 10.79%.
Dig into DNN's earnings and revenue performance here.
Latest Insiders Trades at DNN
Over the last 12 months, executives and large shareholders at DNN have not bought or sold any shares.
Dig into more about who owns DNN shares here.
Does DNN stock generate passive income?
No, Denison Mines doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your DNN purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price, use a limit order.
Press the Open button and eToro will place your order.
If you want more assistance buying stocks on eToro, watch the how to video below:
Step 6: Track your DNN investment
Now that you own some shares in DNN, you'll want to keep up with your company.
Add DNN to a watchlist to track the most important metrics related to your DNN stock.
DNN Feed
How to Buy Stock in Denison Mines
To summarize, here are the 6 steps to buy stock in Denison Mines:
- Decide where to buy Denison Mines stock
- Create a brokerage account
- Fund your investment account
- Analyze Denison Mines stock
- Make your DNN purchase
- Track your DNN investment
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Denison Mines, add DNN to your watchlist by clicking the button below.
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