DENISON MINES (DML) Stocks
ABOUT DENISON MINES
📊 Denison Mines Corporation is a Canadian uranium exploration, development, and production company. Its principal assets are its northern Saskatchewan interests in the McClean Lake mine and the Midwest Uranium Project. It serves as manager for Uranium Participation Corporation, a Toronto-based investment fund, which holds no license to deal in uranium. It headquarters in Toronto.
📊 Founded by Stephen B. Roman in 1985 as International Uranium Corporation (UIC), originally known for its uranium mining in Blind River and Elliot Lake. It later diversified into coal, potash, and other projects.
📊 On December 1, 2006, IUC combined its business and operations with Denison Mines Inc. and the name changed to Denison Mines Corporation.
📊 In 2012, Denison sold its shares in some subsidiaries, which owned all of the company’s mining assets and operations located in the United States. It transformed its business to focus on its uranium exploration and development projects in Saskatchewan, Zambia and Mongolia.
📊 In 2013, through the acquisitions of JNR Resources Inc., Fission Energy Corp. and Rockgate Capital Corp., and in 2014, through its acquisition of International Enexco Limited, Denison increased its project portfolio in Canada, primarily in the Athabasca Basin, and expanded its position in Africa by acquiring interests in uranium exploration properties in Namibia and Mali.
📊 In 2017, Denison announced it had executed an agreement to increase ownership of the Wheeler River Uranium Project in the Athabasca Basin to 66%.
OVERVIEW OF DENISON MINES
Denison Mines Corporation is a uranium exploration and development company. The company is involved in the acquisition, exploration and development of uranium properties, extraction, processing and selling of uranium. It operates in three division: the Mining segment, the Environmental Services segment, and Corporate and Other division.
The Mining division includes activities related to exploration, evaluation and development of mining, milling and the sale of mineral concentrates. The Environmental Services division includes the operations of the company’s environmental services business.
The Corporate and Other division includes its provision of general administrative and management services to Uranium Participation Corporation. The company holds interests in exploration and evaluation projects located in Canada.
Its mineral property interests in Canada include Bell Lake, Wheeler River, Crawford Lake, Bachman Lake, Torwalt Lake and Wolly.
VISION & VALUES OF DENISON MINES
Denison Mines Corporation is committed to the operation of its facilities in a manner that puts the safety of its workers, its contractors, its community, the environment and the principles of sustainable development above all else.
It will build and operate its facilities in compliance with all applicable laws and regulations in the areas in which it operates. Radiation, health and safety, and environmental risks are kept as low as possible.
It requires regular reporting to its Board regarding compliance of its policies and the Board holds all levels of management and employees responsible for this. Shareholders who purchase company shares can rest assured of superior value.
MARKET PERFORMANCE OF DENISON MINES
Denison Mines Corporation trades on Toronto Stock Securities Exchange (TSX) and lists under the stock symbol DML. The company forms part of the TSX 500.
For the third quarter of 2019, the company reports total revenue of $ 3,478 million ($3,729 in 2018), net loss of $6,424 million ($ 3,884 in 2018) and basic and diluted loss per share of $ 0.01.
Buy DENISON MINES stocks / shares – 📈 A Step by Step Guide how to Buy / Purchase DENISON MINES Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy DENISON MINES Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN DENISON MINES STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE DENISON MINES STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of DENISON MINES stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy DENISON MINES stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?