FY2026 EPS Estimates for Denison Mines Lowered by Scotiabank

Key Points

• Scotiabank lowered Denison Mines’ FY2026 EPS estimate to a loss of C$0.08 per share from a previous loss estimate of C$0.06, and forecast a FY2027 loss of C$0.05 per share.
• Denison Mines reported a quarterly loss of C$0.03 per share on C$0.72 million in revenue, while posting sharply negative profitability metrics, including an 83.49% negative return on equity.
• Despite the reduced earnings outlook, analysts remain positive: three analysts rate the stock a Buy, with an average target price of C$6.33 versus its recent price of C$4.81.

Denison Mines Corp. (TSE:DML - Free Report) NYSE: DNN - Stock analysts at Scotiabank lowered their FY2026 earnings per share estimates for shares of Denison Mines in a report released on Wednesday, August 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn ($0.08) per share for the year, down from their previous forecast of ($0.06). The consensus estimate for Denison Mines' current full-year earnings is ($0.01) per share. Scotiabank also issued estimates for Denison Mines' FY2027 earnings at ($0.05) EPS.

Denison Mines (TSE:DML - Get Free Report) NYSE: DNN last posted its quarterly earnings results on Wednesday, August 12th. The company reported C($0.03) earnings per share for the quarter. The firm had revenue of C$0.72 million for the quarter. Denison Mines had a negative return on equity of 83.49% and a negative net margin of 6,732.67%.

Separately, Royal Bank Of Canada set a C$6.00 target price on shares of Denison Mines and gave the company an "outperform" rating in a research note on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$6.33.

Denison Mines Stock Performance

TSE:DML opened at C$4.81 on Monday. The stock's 50 day moving average price is C$4.38 and its 200 day moving average price is C$4.80. Denison Mines has a 52 week low of C$2.74 and a 52 week high of C$6.04. The company has a market capitalization of C$4.35 billion, a P/E ratio of -15.52, a P/E/G ratio of 1.42 and a beta of 1.28. The company has a debt-to-equity ratio of 237.89, a quick ratio of 3.12 and a current ratio of 9.41.

Insider Activity at Denison Mines

In related news, Director Laurie Sterritt sold 19,800 shares of the firm's stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of C$4.39, for a total value of C$86,922.00. Corporate insiders own 0.31% of the company's stock.

About Denison Mines

Denison Mines Corp. is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa-operated joint venture projects in the Athabasca Basin region, the majority of which reside within or adjacent to established uranium corridors. In January of 2025, the Company entered a transformative strategic collaboration with Denison Mines TSX: DML (NYSE American: DNN) that has secured access to several additional highly prospective eastern Athabasca uranium exploration projects.

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