FY2025 EPS Estimates for Denison Mines Decreased by Analyst

Denison Mines Corp. (NYSEAMERICAN:DNN) (TSE:DML) – Research analysts at National Bank Financial decreased their FY2025 earnings per share (EPS) estimates for shares of Denison Mines in a note issued to investors on Tuesday, May 13th. National Bank Financial analyst M. Sidibe now anticipates that the basic materials company will post earnings of ($0.07) per share for the year, down from their prior forecast of ($0.05). The consensus estimate for Denison Mines’ current full-year earnings is ($0.06) per share. National Bank Financial also issued estimates for Denison Mines’ FY2027 earnings at ($0.02) EPS.

A number of other research analysts also recently issued reports on DNN. Scotiabank reiterated an “outperform” rating on shares of Denison Mines in a research note on Tuesday, March 25th. Desjardins assumed coverage on Denison Mines in a research note on Friday, April 4th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, five have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Denison Mines presently has a consensus rating of “Buy” and a consensus target price of $3.00.

Denison Mines Stock Down 4.7%

Denison Mines stock opened at $1.43 on Friday. The business has a 50-day simple moving average of $1.39 and a two-hundred day simple moving average of $1.77. The company has a market cap of $1.28 billion, a P/E ratio of -143.00 and a beta of 1.75. Denison Mines has a 52-week low of $1.08 and a 52-week high of $2.47.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DNN. Alyeska Investment Group L.P. bought a new position in Denison Mines in the 4th quarter worth approximately $35,837,000. MMCAP International Inc. SPC boosted its stake in Denison Mines by 36.4% in the 1st quarter. MMCAP International Inc. SPC now owns 23,895,317 shares of the basic materials company’s stock worth $31,064,000 after purchasing an additional 6,371,531 shares during the period. Van ECK Associates Corp boosted its stake in Denison Mines by 43.3% in the 4th 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 period. Millennium Management LLC boosted its stake in Denison Mines by 393.3% in the 4th quarter. Millennium Management LLC now owns 5,122,978 shares of the basic materials company’s stock worth $9,221,000 after purchasing an additional 4,084,401 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Denison Mines by 116.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,131,404 shares of the basic materials company’s stock worth $12,932,000 after purchasing an additional 3,838,504 shares during the period. 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.