Denison Mines Corp. (TSE:DML – Free Report) (NYSE:DNN) – Equities researchers at Scotiabank decreased their FY2024 earnings per share estimates for shares of Denison Mines in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings per share of ($0.10) for the year, down from their prior estimate of ($0.08). The consensus estimate for Denison Mines’ current full-year earnings is ($0.01) per share. Scotiabank also issued estimates for Denison Mines’ FY2026 earnings at ($0.04) EPS.
A number of other research analysts also recently issued reports on DML. CIBC set a C$3.25 target price on Denison Mines and gave the company an “outperform” rating in a research report on Thursday, September 26th. BMO Capital Markets upgraded Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price target on the stock in a report on Wednesday, September 25th. Raymond James raised their price objective on shares of Denison Mines from C$3.50 to C$3.90 in a research report on Friday, November 22nd. National Bankshares boosted their target price on shares of Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Cibc World Mkts upgraded shares of Denison Mines to a “strong-buy” rating in a report on Thursday, September 26th. Five research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$3.76.
Denison Mines Price Performance
Denison Mines stock opened at C$2.81 on Friday. The stock’s 50 day moving average is C$2.98 and its 200 day moving average is C$2.68. Denison Mines has a one year low of C$1.91 and a one year high of C$3.45. The firm has a market cap of C$2.51 billion, a P/E ratio of 46.83, a P/E/G ratio of 1.42 and a beta of 1.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12.
Insider Buying and Selling at Denison Mines
In related news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$2.84, for a total transaction of C$129,124.45. Insiders own 0.31% of the company’s stock.
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.
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