Denison Mines (TSE:DML) Stock Rating Upgraded by Roth Capital

Roth Capital upgraded shares of Denison Mines (TSE:DML) (NYSE:DNN) to a strong-buy rating in a report published on Thursday, Zacks.com reports. Roth Capital also issued estimates for Denison Mines’ Q2 2024 earnings at ($0.02) EPS, Q3 2024 earnings at ($0.02) EPS, Q4 2024 earnings at ($0.02) EPS and FY2024 earnings at ($0.08) EPS.

Other research analysts have also recently issued research reports about the stock. TD Securities lifted their target price on shares of Denison Mines from C$3.50 to C$3.75 and gave the company a speculative buy rating in a research note on Monday, March 4th. Raymond James lifted their target price on shares of Denison Mines from C$3.00 to C$3.50 in a research note on Tuesday, April 23rd.

Denison Mines Stock Down 4.5 %

DML stock opened at C$2.74 on Thursday. Denison Mines has a twelve month low of C$1.54 and a twelve month high of C$3.37. The company has a market cap of C$2.44 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 1.42 and a beta of 1.89. The business’s 50-day simple moving average is C$2.92 and its 200 day simple moving average is C$2.70. The company has a quick ratio of 3.12, a current ratio of 6.68 and a debt-to-equity ratio of 0.07.

Denison Mines (TSE:DML) (NYSE:DNN) last announced its quarterly earnings results on Wednesday, May 8th. The company reported C($0.02) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.01). The business had revenue of C$0.83 million for the quarter. Denison Mines had a return on equity of 13.47% and a net margin of 1,986.78%. On average, research analysts anticipate that Denison Mines will post -0.01 earnings per share for the current year.

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.