Denison Mine (NYSEAMERICAN:DNN) Issues Earnings Results

Denison Mine (NYSEAMERICAN:DNN) (TSE:DML) released its earnings results 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 net margin of 6,750.40% and a negative return on equity of 24.82%. The business had revenue of $2.32 million during the quarter, compared to the consensus estimate of $2.32 million.

Denison Mine Stock Down 2.4%

Shares of Denison Mine stock traded down $0.05 during trading on Thursday, reaching $2.06. 38,821,654 shares of the company traded hands, compared to its average volume of 32,130,191. The company has a debt-to-equity ratio of 2.38, a current ratio of 9.41 and a quick ratio of 9.14. Denison Mine has a 1-year low of $1.93 and a 1-year high of $4.43. The company has a 50 day moving average price of $2.69 and a 200-day moving average price of $3.30. The firm has a market capitalization of $1.87 billion, a PE ratio of -9.36 and a beta of 1.36.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DNN shares. Zacks Research lowered shares of Denison Mine from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. Jefferies Financial Group started coverage on shares of Denison Mine in a research note on Thursday, September 3rd. They set a “buy” rating for the company. Finally, Royal Bank Of Canada started coverage on Denison Mine in a research note on Monday, July 13th. They issued an “outperform” rating on the stock. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.