Denison Mine (DNN) Rises Yet Lags Behind Market: Some Facts Worth Knowing
From NASDAQ MarketSite: 2024-05-03 18:00:05
Denison Mine (DNN) closed at $2.13, up +0.95% from the prior day, trailing the S&P 500’s 1.26% gain. Sector-wide, Basic Materials saw a 2.4% decrease, with DNN down 2.31% in the last month. Market watchers anticipate Denison Mine’s financial results and any analyst estimate revisions for a stock performance forecast. The Zacks Rank model with a #3 (Hold) rating suggests an average annual return of +25%. The Basic Materials sector’s Mining – Miscellaneous industry ranks 167 out of 250+ industries, in the bottom 34%. Bitcoin remains the highest returning asset class, outperforming other forms of currency such as decentralized, borderless money. In the past three presidential election years, Bitcoin saw significant returns: 2012 +272.4%, 2016 +161.1%, 2020 +302.8%. Zacks Investment Research predicts another surge, making Bitcoin an attractive investment. For more insights and stock-moving metrics, visit Zacks.com. The views and opinions expressed in this article are those of the author and do not necessarily reflect those of Nasdaq, Inc.
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