Denison Mines (TSE:DML) Raised to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Denison Mines (TSE:DML) (NYSE:DNN) to a strong-buy rating in a research report released on Tuesday, Zacks.com reports. National Bank Financial also issued estimates for Denison Mines’ FY2024 earnings at ($0.07) EPS, FY2025 earnings at ($0.03) EPS, FY2026 earnings at ($0.02) EPS and FY2027 earnings at ($0.02) EPS.

Several other analysts have also weighed in on the company. Roth Capital raised Denison Mines to a strong-buy rating in a report on Thursday, June 27th. National Bankshares set a C$3.50 target price on shares of Denison Mines and gave the company an outperform rating in a report on Wednesday. Finally, Scotiabank set a C$3.75 price target on shares of Denison Mines and gave the company an outperform rating in a report on Tuesday, July 2nd. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Buy and an average target price of C$3.28.

Denison Mines Trading Down 4.0 %

Shares of DML stock opened at C$1.94 on Tuesday. The business’s fifty day moving average price is C$2.46 and its 200 day moving average price is C$2.67. Denison Mines has a 1-year low of C$1.89 and a 1-year high of C$3.37. The firm has a market capitalization of C$1.73 billion, a PE ratio of 32.33, a P/E/G ratio of 1.42 and a beta of 1.90. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12.

Denison Mines (TSE:DML) (NYSE:DNN) last announced its quarterly earnings data on Thursday, August 8th. The company reported C($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of C($0.02). Denison Mines had a return on equity of 10.60% and a net margin of 1,412.07%. The firm had revenue of C$1.33 million for the quarter, compared to analyst estimates of C$1.10 million. As a group, sell-side analysts forecast that Denison Mines will post -0.01 EPS for the current fiscal year.

Denison Mines Company Profile

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.