Analysts Set Expectations for Denison Mines FY2024 Earnings

Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML - Equities research analysts at Scotiabank dropped their FY2024 earnings per share (EPS) estimates for Denison Mines in a research note issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now expects that the basic materials company will earn ($0.07) per share for the year, down from their previous estimate of ($0.06). The consensus estimate for Denison Mines' current full-year earnings is ($0.06) per share. Scotiabank also issued estimates for Denison Mines' FY2025 earnings at ($0.03) EPS and FY2026 earnings at ($0.03) EPS.

DNN has been the subject of several other reports. Roth Mkm reissued a "buy" rating and issued a $2.75 price target (up from $2.60) on shares of Denison Mines in a research report on Wednesday, October 23rd. CIBC initiated coverage on shares of Denison Mines in a report on Thursday, September 26th. They issued a "sector outperform" rating and a $3.25 target price for the company. Cibc World Mkts upgraded shares of Denison Mines to a "strong-buy" rating in a report on Thursday, September 26th. Finally, BMO Capital Markets raised shares of Denison Mines from a "market perform" rating to an "outperform" rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $3.00.

Denison Mines Price Performance

Shares of DNN traded down $0.01 during midday trading on Friday, reaching $1.95. 28,674,176 shares of the stock were exchanged, compared to its average volume of 31,364,660. The company has a market capitalization of $1.74 billion, a P/E ratio of -195.00 and a beta of 1.71. Denison Mines has a 52 week low of $1.40 and a 52 week high of $2.47. The firm has a 50 day moving average price of $2.00.

Institutional Trading of Denison Mines

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Investment Consultants LLC acquired a new stake in Denison Mines in the 3rd quarter worth about $27,000. Toronto Dominion Bank boosted its stake in shares of Denison Mines by 39.4% in the second quarter. Toronto Dominion Bank now owns 23,969 shares of the basic materials company's stock worth $48,000 after acquiring an additional 6,777 shares during the last quarter. Continuum Advisory LLC increased its position in shares of Denison Mines by 78.5% during the third quarter. Continuum Advisory LLC now owns 33,407 shares of the basic materials company's stock worth $61,000 after purchasing an additional 14,688 shares in the last quarter. Legacy Capital Group California Inc. increased its position in shares of Denison Mines by 47.5% during the third quarter. Legacy Capital Group California Inc. now owns 34,372 shares of the basic materials company's stock worth $63,000 after purchasing an additional 11,066 shares in the last quarter. Finally, SevenBridge Financial Group LLC raised its stake in Denison Mines by 54.2% in the 3rd quarter. SevenBridge Financial Group LLC now owns 37,000 shares of the basic materials company's stock valued at $68,000 after purchasing an additional 13,000 shares during the last quarter. 36.74% of the stock is currently owned by hedge funds and other institutional investors.

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.