Scotiabank Issues Negative Outlook for Denison Mine Earnings

Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) – Equities researchers at Scotiabank cut their FY2026 EPS estimates for shares of Denison Mine in a research note issued to investors on Wednesday, August 19th. Scotiabank analyst O. Wowkodaw now forecasts that the basic materials company will post earnings of ($0.05) per share for the year, down from their prior forecast of ($0.04). Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Denison Mine’s current full-year earnings is ($0.06) per share.

DNN has been the subject of several other research reports. Zacks Research downgraded shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Royal Bank Of Canada assumed coverage on shares of Denison Mine in a research report on Monday, July 13th. They issued an “outperform” rating on the stock. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.38.

Denison Mine Price Performance

Shares of NYSEAMERICAN DNN opened at $3.54 on Monday. The firm’s 50-day moving average price is $3.12 and its 200-day moving average price is $3.47. The firm has a market capitalization of $3.20 billion, a P/E ratio of -16.09 and a beta of 1.23. The company has a current ratio of 9.41, a quick ratio of 9.14 and a debt-to-equity ratio of 2.38. Denison Mine has a 1-year low of $2.04 and a 1-year high of $4.43.

Hedge Funds Weigh In On Denison Mine

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DNN. Van ECK Associates Corp boosted its stake in Denison Mine by 22.4% in the 2nd quarter. Van ECK Associates Corp now owns 87,521,620 shares of the basic materials company’s stock worth $267,557,000 after purchasing an additional 16,013,484 shares during the period. Vanguard Group Inc. increased its position in shares of Denison Mine by 80.6% in the fourth quarter. Vanguard Group Inc. now owns 23,960,755 shares of the basic materials company’s stock valued at $63,544,000 after acquiring an additional 10,696,852 shares during the period. Two Sigma Investments LP raised its holdings in shares of Denison Mine by 1,696.3% during the third quarter. Two Sigma Investments LP now owns 17,026,392 shares of the basic materials company’s stock valued at $46,823,000 after acquiring an additional 16,078,514 shares in the last quarter. L1 Capital Pty Ltd raised its stake in Denison Mine by 4,544.0% in the third quarter. L1 Capital Pty Ltd now owns 14,007,218 shares of the basic materials company’s stock worth $38,520,000 after buying an additional 13,705,598 shares in the last quarter. Finally, Vident Advisory LLC lifted its position in Denison Mine by 41.9% during the second quarter. Vident Advisory LLC now owns 9,755,610 shares of the basic materials company’s stock valued at $17,755,000 after buying an additional 2,881,618 shares during the period. Institutional investors own 36.74% of the company’s stock.

Denison Mine Company Profile

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.