Denison Mines (TSE:DML) Posts Quarterly Earnings Results

Denison Mines (TSE:DML) (NYSE:DNN) announced its quarterly earnings results on Tuesday. The company reported C($0.13) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$1.11 million during the quarter. Denison Mines had a negative net margin of 4,418.22% and a negative return on equity of 47.51%.

Denison Mines Stock Performance

TSE DML opened at C$5.08 on Wednesday. The firm has a market cap of C$4.59 billion, a P/E ratio of -21.17, a P/E/G ratio of 1.42 and a beta of 1.29. Denison Mines has a 52-week low of C$1.95 and a 52-week high of C$6.04. The business’s 50-day moving average price is C$5.13 and its 200 day moving average price is C$4.63. The company has a quick ratio of 3.12, a current ratio of 10.75 and a debt-to-equity ratio of 166.80.

Analysts Set New Price Targets

DML has been the topic of a number of research analyst reports. National Bank Financial raised their price objective on shares of Denison Mines from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a report on Friday, April 17th. TD Securities increased their target price on shares of Denison Mines from C$6.00 to C$6.50 and gave the company a “buy” rating in a research report on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Denison Mines presently has an average rating of “Buy” and a consensus price target of C$6.50.

Denison Mines Company Profile

Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.