Denison Mine (NYSEAMERICAN:DNN) Issues Quarterly Earnings Results

Denison Mine (NYSEAMERICAN:DNN) (TSE:DML) released its quarterly earnings data on Wednesday. The basic materials company reported ($0.02) earnings per share 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 company had revenue of $2.32 million for the quarter, compared to the consensus estimate of $2.32 million.

Denison Mine Price Performance

Shares of NYSEAMERICAN DNN traded down $0.05 during trading hours on Thursday, hitting $2.06. 38,821,654 shares of the stock were exchanged, compared to its average volume of 32,130,191. Denison Mine has a 1-year low of $1.93 and a 1-year high of $4.43. The company’s fifty day simple moving average is $2.69 and its two-hundred day simple moving average is $3.30. The company has a debt-to-equity ratio of 2.38, a quick ratio of 9.14 and a current ratio of 9.41. The company has a market cap of $1.87 billion, a PE ratio of -9.36 and a beta of 1.36.

Analysts Set New Price Targets

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

About Denison Mine

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.