Denison Mine (NYSEAMERICAN:DNN) Posts Earnings Results, Hits Estimates

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

Denison Mine Stock Performance

Shares of DNN stock traded down $0.05 during trading hours on Thursday, hitting $2.06. The stock had a trading volume of 38,821,780 shares, compared to its average volume of 32,130,605. The company has a debt-to-equity ratio of 2.38, a current ratio of 9.41 and a quick ratio of 9.14. The firm has a market capitalization of $1.87 billion, a PE ratio of -9.36 and a beta of 1.36. The stock’s 50 day moving average is $2.69 and its 200 day moving average is $3.30. Denison Mine has a twelve month low of $1.93 and a twelve month high of $4.43.

Analysts Set New Price Targets

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