Equities Analysts Issue Forecasts for Denison Mines Corp.’s Q2 2024 Earnings (TSE:DML)

Denison Mines Corp. (TSE:DML) (NYSE:DNN) – Equities researchers at Roth Capital issued their Q2 2024 EPS estimates for Denison Mines in a research report issued to clients and investors on Thursday, June 27th. Roth Capital analyst J. Reagor anticipates that the company will post earnings per share of ($0.02) for the quarter. Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for Denison Mines’ current full-year earnings is ($0.01) per share. Roth Capital also issued estimates for Denison Mines’ Q3 2024 earnings at ($0.02) EPS, Q4 2024 earnings at ($0.02) EPS and FY2024 earnings at ($0.08) EPS.

Several other research firms have also recently weighed in on DML. Raymond James increased their price objective on Denison Mines from C$3.00 to C$3.50 in a report on Tuesday, April 23rd. TD Securities boosted their price objective on shares of Denison Mines from C$3.50 to C$3.75 and gave the company a “speculative buy” rating in a research report on Monday, March 4th.

Denison Mines Stock Down 4.5 %

DML opened at C$2.74 on Friday. The company has a market cap 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 has a 12 month low of C$1.54 and a 12 month high of C$3.37. The business’s 50-day moving average price is C$2.92 and its 200-day moving average price is C$2.70. The company has a current ratio of 6.68, a quick ratio of 3.12 and a debt-to-equity ratio of 0.07.

Denison Mines (TSE:DML) (NYSE:DNN) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.01). The firm had revenue of C$0.83 million for the quarter. Denison Mines had a return on equity of 13.47% and a net margin of 1,986.78%.

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.