Research Analysts Issue Forecasts for Denison Mines Corp.’s FY2024 Earnings (TSE:DML)

Denison Mines Corp. (TSE:DML) (NYSE:DNN) – National Bank Financial issued their FY2024 EPS estimates for shares of Denison Mines in a note issued to investors on Tuesday, September 3rd. National Bank Financial analyst M. Sidibe expects that the company will earn ($0.07) per share for the year. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Denison Mines’ current full-year earnings is ($0.01) per share. National Bank Financial also issued estimates for Denison Mines’ FY2025 earnings at ($0.03) EPS, FY2026 earnings at ($0.02) EPS and FY2027 earnings at ($0.02) EPS.

Denison Mines (TSE:DML) (NYSE:DNN) last released its quarterly earnings data on Thursday, August 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C($0.02). The company had revenue of C$1.33 million during the quarter, compared to analysts’ expectations of C$1.10 million. Denison Mines had a return on equity of 10.60% and a net margin of 1,412.07%.

Several other analysts also recently commented on DML. Roth Capital raised shares of Denison Mines to a “strong-buy” rating in a report on Thursday, June 27th. National Bankshares set a C$3.50 price objective on Denison Mines and gave the stock an “outperform” rating in a report on Wednesday. Finally, Scotiabank set a C$3.75 target price on Denison Mines and gave the stock an “outperform” rating in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$3.28.

Denison Mines Trading Down 4.0 %

Shares of Denison Mines stock opened at C$1.94 on Friday. Denison Mines has a 1 year low of C$1.89 and a 1 year high of C$3.37. The company has a market capitalization of C$1.73 billion, a price-to-earnings ratio of 32.33, a P/E/G ratio of 1.42 and a beta of 1.90. The business has a fifty day simple moving average of C$2.46 and a two-hundred day simple moving average of C$2.67. 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 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.