FY2024 EPS Estimates for Denison Mines Lowered by Scotiabank

Denison Mines Corp. (TSE:DML - Free Report) NYSE: DNN - Scotiabank lowered their FY2024 earnings estimates for Denison Mines in a report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now forecasts that the company will earn ($0.10) per share for the year, down from their previous 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.

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

Denison Mines Stock Down 0.7 %

Denison Mines stock traded down C$0.02 during mid-day trading on Friday, reaching C$2.81. 1,469,040 shares of the company's stock were exchanged, compared to its average volume of 1,895,651. The company has a fifty day moving average of C$2.98 and a 200-day moving average of C$2.68. The company has a market cap of C$2.51 billion, a P/E ratio of 46.83, a P/E/G ratio of 1.42 and a beta of 1.89. The company has a quick ratio of 3.12, a current ratio of 6.94 and a debt-to-equity ratio of 0.07. Denison Mines has a twelve month low of C$1.91 and a twelve month high of C$3.45.

Insider Activity at Denison Mines

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

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.