Equities Analysts Offer Predictions for Denison Mines Corp.’s FY2024 Earnings (NYSEAMERICAN:DNN)

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) – Analysts at National Bank Financial issued their FY2024 earnings per share (EPS) estimates for shares of Denison Mines in a research note issued to investors on Tuesday, September 3rd. National Bank Financial analyst M. Sidibe forecasts that the basic materials company will post earnings per share of ($0.05) for the year. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Denison Mines’ current full-year earnings is ($0.06) per share. National Bank Financial also issued estimates for Denison Mines’ FY2025 earnings at ($0.02) EPS, FY2026 earnings at ($0.01) EPS and FY2027 earnings at ($0.01) EPS.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last released its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). Denison Mines had a return on equity of 9.45% and a net margin of 950.42%. The firm had revenue of $0.97 million during the quarter, compared to analysts’ expectations of $0.80 million.

Other equities research analysts have also recently issued reports about the company. Roth Mkm started coverage on Denison Mines in a report on Thursday, June 27th. They set a “buy” rating and a $2.60 price target for the company. Scotiabank raised Denison Mines to a “strong-buy” rating in a research note on Tuesday, July 2nd. StockNews.com raised Denison Mines to a “sell” rating in a research note on Wednesday, July 31st. Finally, Roth Capital raised Denison Mines to a “strong-buy” rating in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, one has given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Denison Mines has a consensus rating of “Buy” and a consensus target price of $2.60.

Denison Mines Price Performance

DNN stock opened at $1.50 on Friday. The company’s fifty day simple moving average is $2.00. Denison Mines has a fifty-two week low of $1.38 and a fifty-two week high of $2.47. The firm has a market cap of $1.33 billion, a PE ratio of 21.36 and a beta of 1.73.

Institutional Investors Weigh In On Denison Mines

A number of institutional investors have recently made changes to their positions in DNN. National Bank of Canada FI grew its stake in shares of Denison Mines by 13.0% during the fourth quarter. National Bank of Canada FI now owns 522,280 shares of the basic materials company’s stock worth $889,000 after purchasing an additional 60,117 shares during the period. Private Advisor Group LLC lifted its holdings in Denison Mines by 82.7% during the fourth quarter. Private Advisor Group LLC now owns 116,000 shares of the basic materials company’s stock worth $205,000 after acquiring an additional 52,500 shares in the last quarter. Spartan Fund Management Inc. bought a new position in Denison Mines during the fourth quarter worth about $88,000. Avantax Advisory Services Inc. lifted its holdings in Denison Mines by 47.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 18,600 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Anthracite Investment Company Inc. bought a new position in Denison Mines during the fourth quarter worth about $1,460,000. 36.74% of the stock is owned by institutional investors and hedge funds.

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.