Denison Mine (NYSEAMERICAN:DNN) Announces Earnings Results

Denison Mine (NYSEAMERICAN:DNN) (TSE:DML) posted its quarterly earnings results on Wednesday. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02), Zacks reports. Denison Mine had a negative return on equity of 24.82% and a negative net margin of 6,750.40%. The business had revenue of $2.32 million during the quarter, compared to analyst estimates of $2.32 million.

Denison Mine Trading Down 2.4%

Shares of Denison Mine stock traded down $0.05 during trading hours on Thursday, hitting $2.06. The company’s stock had a trading volume of 38,821,780 shares, compared to its average volume of 32,130,605. Denison Mine has a twelve month low of $1.93 and a twelve month high of $4.43. The firm has a fifty day moving average of $2.69 and a 200-day moving average of $3.30. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -9.36 and a beta of 1.36. The company has a debt-to-equity ratio of 2.38, a quick ratio of 9.14 and a current ratio of 9.41.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Zacks Research lowered Denison Mine from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. Jefferies Financial Group started coverage on Denison Mine in a report on Thursday, September 3rd. They set a “buy” rating on the stock. Finally, Royal Bank Of Canada assumed coverage on shares of Denison Mine in a research report on Monday, July 13th. They set an “outperform” rating on the stock. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $5.38.

Denison Mine Company Profile

Denison Mines Corp. is a uranium exploration, development and production-stage company focused primarily on projects in Canada’s Athabasca Basin in northern Saskatchewan. The region is known for its high-grade uranium deposits. Denison’s activities include mineral exploration, project evaluation, mine development and interests in uranium production assets.

The company’s principal development asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Denison has advanced Phoenix as an in-situ recovery project and continues to evaluate development plans for its uranium resources.