Denison Mines Corp. (TSE:DML) Forecasted to Post FY2024 Earnings of ($0.07) Per Share

Denison Mines Corp. (TSE:DML) (NYSE:DNN) – Equities researchers at National Bank Financial issued their FY2024 earnings estimates for Denison Mines in a research report issued 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 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 issued its quarterly earnings results on Thursday, August 8th. The company reported C($0.02) EPS for the quarter, hitting the consensus estimate of C($0.02). Denison Mines had a net margin of 1,412.07% and a return on equity of 10.60%. The firm had revenue of C$1.33 million during the quarter, compared to analyst estimates of C$1.10 million.

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

Denison Mines Price Performance

Denison Mines stock opened at C$1.94 on Friday. Denison Mines has a 52-week low of C$1.89 and a 52-week high of C$3.37. The firm has a fifty day moving average of C$2.45 and a 200-day moving average of C$2.67. The firm has a market capitalization of C$1.73 billion, a P/E ratio of 32.33, a PEG ratio of 1.42 and a beta of 1.90. The company has a quick ratio of 3.12, a current ratio of 6.94 and a debt-to-equity ratio of 0.07.

About Denison Mines

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.