Analysts Offer Predictions for Denison Mines FY2024 Earnings

Denison Mines Corp. (TSE:DML) (NYSE:DNN) – Equities researchers at Scotiabank dropped their FY2024 earnings per share (EPS) estimates for shares of Denison Mines in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now expects that the company will earn ($0.10) per share for the year, down from their prior 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 research analysts have also commented on DML. Raymond James upped their price objective on shares of Denison Mines from C$3.50 to C$3.90 in a report on Friday, November 22nd. National Bankshares raised their price objective on shares of Denison Mines from C$3.50 to C$4.15 and gave the stock an “outperform” rating in a report on Thursday, October 24th. BMO Capital Markets raised 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 report on Wednesday, September 25th. CIBC set a C$3.25 target price on Denison Mines and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, Cibc World Mkts upgraded Denison Mines to a “strong-buy” rating in a research report on Thursday, September 26th. Five research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$3.76.

Denison Mines Price Performance

Shares of Denison Mines stock opened at C$2.83 on Friday. The company has a market cap of C$2.53 billion, a PE ratio of 47.17, a P/E/G ratio of 1.42 and a beta of 1.89. The business has a 50 day moving average of C$2.98 and a 200 day moving average of C$2.68. Denison Mines has a 52 week low of C$1.91 and a 52 week high of C$3.45. The company has a quick ratio of 3.12, a current ratio of 6.94 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling

In other Denison Mines news, Senior Officer Andrew Alan Yackulic sold 45,500 shares of the firm’s stock in a transaction dated 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 currently owned by corporate 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.