Denison Mines Corp. (NYSEAMERICAN:DNN) Expected to Earn Q2 2024 Earnings of ($0.01) Per Share

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) – Investment analysts at Roth Capital issued their Q2 2024 earnings estimates for shares of Denison Mines in a research report issued on Thursday, June 27th. Roth Capital analyst J. Reagor forecasts that the basic materials company will post earnings per share of ($0.01) for the quarter. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Denison Mines’ current full-year earnings is ($0.06) per share. Roth Capital also issued estimates for Denison Mines’ Q3 2024 earnings at ($0.01) EPS, Q4 2024 earnings at ($0.01) EPS, FY2024 earnings at ($0.06) EPS, Q1 2025 earnings at ($0.01) EPS, Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at ($0.01) EPS and Q4 2025 earnings at ($0.01) EPS.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last announced its earnings results on Wednesday, May 8th. The basic materials company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $0.62 million for the quarter. Denison Mines had a net margin of 888.36% and a return on equity of 12.96%.

Several other research firms also recently issued reports on DNN. StockNews.com upgraded shares of Denison Mines to a “sell” rating in a report on Sunday, May 19th. Roth Mkm started coverage on shares of Denison Mines in a report on Thursday. They set a “buy” rating and a $2.60 price objective on the stock.

Denison Mines Trading Down 5.2 %

Shares of DNN opened at $1.99 on Friday. The firm has a market capitalization of $1.78 billion, a P/E ratio of 28.43 and a beta of 1.72. Denison Mines has a one year low of $1.15 and a one year high of $2.47.

Institutional Trading of Denison Mines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Keynote Financial Services LLC bought a new stake in Denison Mines in the first quarter valued at about $203,000. Cetera Investment Advisers bought a new stake in Denison Mines in the first quarter valued at about $1,758,000. Virtu Financial LLC boosted its position in Denison Mines by 78.3% in the first quarter. Virtu Financial LLC now owns 351,910 shares of the basic materials company’s stock valued at $686,000 after buying an additional 154,509 shares in the last quarter. Tidal Investments LLC boosted its position in Denison Mines by 53.9% in the first quarter. Tidal Investments LLC now owns 40,049 shares of the basic materials company’s stock valued at $78,000 after buying an additional 14,018 shares in the last quarter. Finally, Connective Capital Management LLC acquired a new position in Denison Mines in the first quarter valued at about $602,000. Institutional investors own 36.74% of the company’s stock.

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.