Denison Mines (TSE:DML) Lifted to “Strong-Buy” at Roth Capital

Denison Mines (TSE:DML) (NYSE:DNN) was upgraded by equities researchers at Roth Capital to a “strong-buy” rating in a report released on Thursday, Zacks.com reports. Roth Capital also issued estimates for Denison Mines’ Q2 2024 earnings at ($0.02) EPS, Q3 2024 earnings at ($0.02) EPS, Q4 2024 earnings at ($0.02) EPS and FY2024 earnings at ($0.08) EPS.

DML has been the subject of a number of other reports. TD Securities raised their target price on Denison Mines from C$3.50 to C$3.75 and gave the company a “speculative buy” rating in a research note on Monday, March 4th. Raymond James raised their target price on Denison Mines from C$3.00 to C$3.50 in a research note on Tuesday, April 23rd.

Denison Mines Stock Performance

Denison Mines stock opened at C$2.74 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.68 and a quick ratio of 3.12. The stock has a fifty day moving average price of C$2.92 and a two-hundred day moving average price of C$2.70. Denison Mines has a 52-week low of C$1.54 and a 52-week high of C$3.37. The firm has a market capitalization of C$2.44 billion, a P/E ratio of 34.25, a P/E/G ratio of 1.42 and a beta of 1.89.

Denison Mines (TSE:DML) (NYSE:DNN) last announced its earnings results on Wednesday, May 8th. The company reported C($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.01). Denison Mines had a net margin of 1,986.78% and a return on equity of 13.47%. The business had revenue of C$0.83 million during the quarter. As a group, analysts anticipate 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.