Denison Mines (TSE:DML) Posts Quarterly Earnings Results

Denison Mines (TSE:DML) (NYSE:DNN) posted 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 return on equity of 47.51% and a negative net margin of 4,418.22%.

Denison Mines Price Performance

DML traded down C$0.17 during midday trading on Tuesday, hitting C$5.08. The company had a trading volume of 10,314,485 shares, compared to its average volume of 3,983,108. The company has a debt-to-equity ratio of 166.80, a quick ratio of 3.12 and a current ratio of 10.75. The company has a market capitalization of C$4.59 billion, a PE ratio of -21.17, a P/E/G ratio of 1.42 and a beta of 1.29. Denison Mines has a twelve month low of C$1.95 and a twelve month high of C$6.04. The firm’s 50-day simple moving average is C$5.13 and its 200-day simple moving average is C$4.63.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. TD Securities increased their price target on shares of Denison Mines from C$6.00 to C$6.50 and gave the stock a “buy” rating in a research note on Thursday, March 12th. National Bank Financial increased their price target on shares of Denison Mines from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Denison Mines presently has an average rating of “Buy” and a consensus target price of C$6.50.

About Denison Mines

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.