Desjardins Comments on Denison Mine FY2025 Earnings

Key Points

• Desjardins has projected that Denison Mine Corp will report a fiscal year 2025 earnings per share (EPS) of ($0.12), which is lower than the current consensus estimate of ($0.06) EPS.
• The stock has received ratings of "Buy" or "Outperform" from several analysts, with an average price target of $3.00 and a total of nine analysts rating it positively.
• Denison Mine's market capitalization stands at $1.73 billion, and its stock performance has ranged from a fifty-two week low of $1.08 to a high of $2.47.

Denison Mine Corp (NYSEAMERICAN:DNN - Free Report) TSE: DML - Investment analysts at Desjardins issued their FY2025 earnings estimates for shares of Denison Mine in a research note issued to investors on Monday, August 18th. Desjardins analyst B. Adams anticipates that the basic materials company will post earnings per share of ($0.12) for the year. Desjardins currently has a "Moderate Buy" rating on the stock. The consensus estimate for Denison Mine's current full-year earnings is ($0.06) per share. Desjardins also issued estimates for Denison Mine's FY2026 earnings at ($0.05) EPS and FY2027 earnings at ($0.05) EPS.

Other research analysts have also recently issued research reports about the stock. National Bankshares reissued an "outperform" rating on shares of Denison Mine in a research report on Monday, August 18th. Scotiabank reaffirmed an "outperform" rating on shares of Denison Mine in a report on Thursday, August 7th. Raymond James Financial restated an "outperform" rating on shares of Denison Mine in a research report on Monday, August 18th. Finally, TD Securities reiterated a "buy" rating on shares of Denison Mine in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $3.00.

Denison Mine Stock Down 0.2%

Shares of NYSEAMERICAN:DNN traded down $0.0050 during trading on Wednesday, hitting $2.0750. 28,785,138 shares of the stock traded hands, compared to its average volume of 77,863,484. The company has a market cap of $1.86 billion, a price-to-earnings ratio of -34.58 and a beta of 1.39. The company has a fifty day moving average price of $1.97 and a two-hundred day moving average price of $1.68. Denison Mine has a 52-week low of $1.08 and a 52-week high of $2.47.

Institutional Investors Weigh In On Denison Mine

Institutional investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its holdings in Denison Mine by 393.3% in the 4th quarter. Millennium Management LLC now owns 5,122,978 shares of the basic materials company's stock valued at $9,221,000 after acquiring an additional 4,084,401 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in Denison Mine during the fourth quarter worth $1,939,000. JPMorgan Chase & Co. bought a new stake in Denison Mine in the 4th quarter valued at $501,000. Tejara Capital Ltd bought a new stake in Denison Mine in the 1st quarter valued at $1,008,000. Finally, Triasima Portfolio Management inc. bought a new stake in shares of Denison Mine in the 1st quarter worth about $455,000. Institutional investors and hedge funds own 36.74% of the company's stock.

Denison Mine 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.