FY2024 EPS Estimates for Denison Mines Decreased by Analyst

Denison Mines Corp. (TSE:DML) (NYSE:DNN) – Research analysts at Scotiabank reduced their FY2024 earnings estimates for Denison Mines in a report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of ($0.10) per share for the year, down from their previous forecast 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.

Several other analysts also recently weighed in on the stock. Cibc World Mkts raised shares of Denison Mines to a “strong-buy” rating in a research note on Thursday, September 26th. National Bankshares boosted their price target on shares of Denison Mines from C$3.50 to C$4.15 and gave the company an “outperform” rating in a report on Thursday, October 24th. BMO Capital Markets upgraded shares of Denison Mines from a “market perform” rating to an “outperform” rating and set a C$3.00 price objective on the stock in a research note on Wednesday, September 25th. CIBC set a C$3.25 price objective on shares of Denison Mines and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, Raymond James upped their target price on Denison Mines from C$3.50 to C$3.90 in a report on Friday, November 22nd. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$3.76.

Denison Mines Stock Down 0.7 %

Shares of TSE DML opened at C$2.81 on Friday. Denison Mines has a 1 year low of C$1.91 and a 1 year high of C$3.45. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12. The company has a market cap of C$2.51 billion, a P/E ratio of 46.83, a PEG ratio of 1.42 and a beta of 1.89. The firm has a 50-day simple moving average of C$2.98 and a two-hundred day simple moving average of C$2.68.

Insider Transactions at Denison Mines

In other Denison Mines news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$2.84, for a total value of C$129,124.45. Insiders own 0.31% of the company’s stock.

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.