Denison Mines (NYSEAMERICAN:DNN) Upgraded by Roth Capital to “Strong-Buy”

Roth Capital upgraded shares of Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) to a strong-buy rating in a research note published on Thursday morning, Zacks.com reports. Roth Capital also issued estimates for Denison Mines’ Q2 2024 earnings at ($0.01) EPS, Q3 2024 earnings at ($0.01) EPS, Q4 2024 earnings at ($0.01) EPS, FY2024 earnings at ($0.06) EPS, Q1 2025 earnings at ($0.01) EPS, Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at ($0.01) EPS and Q4 2025 earnings at ($0.01) EPS.

Several other equities research analysts have also issued reports on the stock. StockNews.com upgraded shares of Denison Mines to a sell rating in a research note on Sunday, May 19th. Roth Mkm assumed coverage on shares of Denison Mines in a report on Thursday. They set a buy rating and a $2.60 target price for the company.

Denison Mines Stock Performance

NYSEAMERICAN:DNN opened at $1.99 on Thursday. Denison Mines has a 52-week low of $1.15 and a 52-week high of $2.47. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 28.43 and a beta of 1.72.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last released its earnings results on Wednesday, May 8th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $0.62 million for the quarter. Denison Mines had a return on equity of 12.96% and a net margin of 888.36%. On average, analysts expect that Denison Mines will post -0.06 earnings per share for the current year.

Institutional Trading of Denison Mines

Institutional investors have recently modified their holdings of the business. Avantax Advisory Services Inc. boosted its holdings in shares of Denison Mines by 47.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 18,600 shares of the basic materials company’s stock worth $33,000 after buying an additional 6,000 shares in the last quarter. Arlington Capital Management Inc. raised its position in Denison Mines by 1.7% in the first quarter. Arlington Capital Management Inc. now owns 432,797 shares of the basic materials company’s stock worth $844,000 after acquiring an additional 7,027 shares during the period. Kestra Advisory Services LLC increased its stake in shares of Denison Mines by 41.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 34,050 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 10,050 shares during the last quarter. Mutual Advisors LLC increased its position in Denison Mines by 73.4% in the third quarter. Mutual Advisors LLC now owns 28,312 shares of the basic materials company’s stock worth $47,000 after buying an additional 11,982 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Denison Mines by 53.9% during the 1st quarter. Tidal Investments LLC now owns 40,049 shares of the basic materials company’s stock valued at $78,000 after buying an additional 14,018 shares during the last quarter. Institutional investors own 36.74% of the company’s stock.

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.