FY2024 EPS Estimates for Denison Mines Reduced by Analyst

Denison Mines Corp. (TSE:DML) (NYSE:DNN) – Equities researchers at Scotiabank lowered their FY2024 earnings per share estimates for shares of Denison Mines in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of ($0.10) per share for the year, down from their prior estimate 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.

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

Denison Mines Stock Performance

DML opened at C$2.83 on Friday. The firm has a market cap of C$2.53 billion, a P/E ratio of 47.17, a PEG ratio of 1.42 and a beta of 1.89. Denison Mines has a 1-year low of C$1.91 and a 1-year high of C$3.45. The company has a 50 day simple moving average of C$2.98 and a two-hundred day simple moving average of C$2.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 3.12.

Insider Buying and Selling at Denison Mines

In other news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$2.84, for a total value of C$129,124.45. 0.31% of the stock is owned by company insiders.

About Denison Mines

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.