Denison Mines (TSE:DML) Upgraded to “Strong-Buy” by Roth Capital

Roth Capital upgraded shares of Denison Mines (TSE:DML) (NYSE:DNN) to a strong-buy rating in a report published on Thursday, Zacks.com reports. Roth Capital also issued estimates for Denison Mines’ Q2 2024 earnings at ($0.02) EPS, Q3 2024 earnings at ($0.02) EPS, Q4 2024 earnings at ($0.02) EPS and FY2024 earnings at ($0.08) EPS.

DML has been the topic of several other reports. Raymond James upped their target price on shares of Denison Mines from C$3.00 to C$3.50 in a research note on Tuesday, April 23rd. TD Securities raised their target price 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 %

Shares of TSE DML opened at C$2.74 on Thursday. The business has a fifty day moving average of C$2.92 and a two-hundred day moving average of C$2.70. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.12 and a current ratio of 6.68. Denison Mines has a 52-week low of C$1.54 and a 52-week high of C$3.37. The stock has a market cap of C$2.44 billion, a PE ratio of 34.25, a PEG ratio of 1.42 and a beta of 1.89.

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 for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.01). The company had revenue of C$0.83 million during the quarter. Denison Mines had a net margin of 1,986.78% and a return on equity of 13.47%. As a group, equities research analysts expect that Denison Mines will post -0.01 earnings per share for the current fiscal year.

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.