Denison Mine (NYSEAMERICAN:DNN) Issues Quarterly Earnings Results

Denison Mine (NYSEAMERICAN:DNN) (TSE:DML) posted its earnings results on Wednesday. The basic materials company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02), Zacks reports. Denison Mine had a negative return on equity of 33.41% and a negative net margin of 1,474.28%. The firm had revenue of $2.32 million for the quarter, compared to analyst estimates of $2.32 million.

Denison Mine Stock Down 2.4%

Shares of NYSEAMERICAN DNN opened at $2.06 on Friday. The company has a quick ratio of 9.14, a current ratio of 9.41 and a debt-to-equity ratio of 2.38. Denison Mine has a 1-year low of $1.93 and a 1-year high of $4.43. The company has a fifty day moving average price of $2.66 and a 200 day moving average price of $3.29.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DNN shares. Zacks Research downgraded Denison Mine from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Royal Bank Of Canada started coverage on Denison Mine in a report on Monday, July 13th. They set an “outperform” rating on the stock. Finally, Jefferies Financial Group assumed coverage on Denison Mine in a research report on Thursday, September 3rd. They issued a “buy” rating for the company. Six equities 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 company currently 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.