Brokers Set Expectations for Denison Mines Corp.’s FY2024 Earnings (TSE:DML)

Denison Mines Corp. (TSE:DML) (NYSE:DNN) – Research analysts at National Bank Financial issued their FY2024 EPS estimates for Denison Mines in a research note issued on Tuesday, September 3rd. National Bank Financial analyst M. Sidibe anticipates that the company will post earnings of ($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.

A number of other equities analysts have also recently issued reports on the stock. Roth Capital upgraded shares of Denison Mines to a “strong-buy” rating in a research report on Thursday, June 27th. National Bankshares set a C$3.50 price target on shares of Denison Mines and gave the stock an “outperform” rating in a report on Wednesday. Finally, Scotiabank set a C$3.75 price objective on 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 given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Denison Mines currently has an average rating of “Buy” and a consensus price target of C$3.28.

Denison Mines Stock Down 4.0 %

DML stock opened at C$1.94 on Friday. The firm has a 50-day moving average price of C$2.46 and a 200-day moving average price of C$2.67. Denison Mines has a 12 month low of C$1.89 and a 12 month high of C$3.37. The company has a current ratio of 6.94, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of C$1.73 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 1.42 and a beta of 1.90.

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 the consensus estimate of C($0.02). Denison Mines had a return on equity of 10.60% and a net margin of 1,412.07%. The business had revenue of C$1.33 million during the quarter, compared to the consensus estimate of C$1.10 million.

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.