Brokers Issue Forecasts for Denison Mines FY2025 Earnings

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) – Equities researchers at Raymond James cut their FY2025 earnings estimates for Denison Mines in a research note issued to investors on Tuesday, May 13th. Raymond James analyst B. Macarthur now expects that the basic materials company will earn ($0.08) per share for the year, down from their previous estimate of ($0.06). The consensus estimate for Denison Mines’ current full-year earnings is ($0.06) per share.

Several other research analysts have also recently weighed in on the stock. Scotiabank restated an “outperform” rating on shares of Denison Mines in a research report on Tuesday, March 25th. Desjardins assumed coverage on shares of Denison Mines in a research report on Friday, April 4th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $3.00.

Denison Mines Trading Down 4.7%

DNN stock opened at $1.43 on Friday. The company’s 50 day moving average is $1.39 and its 200 day moving average is $1.77. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -143.00 and a beta of 1.75. Denison Mines has a 1-year low of $1.08 and a 1-year high of $2.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp grew its holdings in shares of Denison Mines by 43.3% in the fourth quarter. Van ECK Associates Corp now owns 20,879,491 shares of the basic materials company’s stock worth $37,595,000 after purchasing an additional 6,305,332 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Denison Mines in the fourth quarter worth approximately $501,000. Summit Financial LLC bought a new position in shares of Denison Mines in the fourth quarter worth approximately $4,283,000. Titan Global Capital Management USA LLC grew its holdings in shares of Denison Mines by 8.9% in the fourth quarter. Titan Global Capital Management USA LLC now owns 2,738,718 shares of the basic materials company’s stock worth $4,930,000 after purchasing an additional 223,145 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. bought a new position in shares of Denison Mines in the fourth quarter worth approximately $1,371,000. 36.74% of the stock is currently owned by institutional investors.

Denison Mines Company Profile

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.