Denison Mines Corp. (NYSEAMERICAN:DNN) Forecasted to Post Q2 2024 Earnings of ($0.01) Per Share

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) – Analysts at Roth Capital issued their Q2 2024 EPS estimates for Denison Mines in a note issued to investors on Thursday, June 27th. Roth Capital analyst J. Reagor anticipates that the basic materials company will earn ($0.01) per share for the quarter. The consensus estimate for Denison Mines’ current full-year earnings is ($0.06) per share. Roth Capital also issued estimates for Denison Mines’ Q3 2024 earnings at ($0.01) EPS, Q4 2024 earnings at ($0.01) EPS, FY2024 earnings at ($0.06) EPS, Q1 2025 earnings at ($0.01) EPS, Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at ($0.01) EPS and Q4 2025 earnings at ($0.01) EPS.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). Denison Mines had a net margin of 888.36% and a return on equity of 12.96%. The business had revenue of $0.62 million during the quarter.

A number of other equities research analysts have also recently weighed in on DNN. Roth Mkm assumed coverage on shares of Denison Mines in a report on Thursday. They issued a “buy” rating and a $2.60 price objective on the stock. StockNews.com upgraded Denison Mines to a “sell” rating in a research note on Sunday, May 19th.

Denison Mines Trading Up 4.0 %

NYSEAMERICAN:DNN opened at $2.10 on Friday. The stock has a market capitalization of $1.87 billion, a PE ratio of 30.00 and a beta of 1.72. Denison Mines has a 1-year low of $1.15 and a 1-year high of $2.47.

Hedge Funds Weigh In On Denison Mines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC bought a new stake in Denison Mines in the 3rd quarter worth about $39,013,000. MMCAP International Inc. SPC boosted its holdings in shares of Denison Mines by 37.7% during the 4th quarter. MMCAP International Inc. SPC now owns 31,390,336 shares of the basic materials company’s stock valued at $54,148,000 after acquiring an additional 8,592,121 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Denison Mines by 7.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,008,885 shares of the basic materials company’s stock worth $86,228,000 after acquiring an additional 3,342,434 shares during the period. Alps Advisors Inc. raised its holdings in shares of Denison Mines by 5.4% during the third quarter. Alps Advisors Inc. now owns 40,076,124 shares of the basic materials company’s stock valued at $66,126,000 after purchasing an additional 2,053,646 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in Denison Mines during the third quarter valued at approximately $2,331,000. 36.74% of the stock is owned by institutional investors.

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.