Brokers Issue Forecasts for Denison Mines Corp’s Q1 2019 Earnings (DNN)

Denison Mines Corp (NYSEAMERICAN:DNN) (TSE:DML) – Equities researchers at Raymond James issued their Q1 2019 earnings per share estimates for Denison Mines in a report issued on Monday, April 8th, Zacks Investment Research reports. Raymond James analyst D. Sadowski anticipates that the basic materials company will post earnings of ($0.01) per share for the quarter. Raymond James also issued estimates for Denison Mines’ Q2 2019 earnings at ($0.01) EPS, Q3 2019 earnings at ($0.01) EPS and Q4 2019 earnings at ($0.01) EPS.

Denison Mines (NYSEAMERICAN:DNN) (TSE:DML) last announced its earnings results on Thursday, March 7th. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The company had revenue of $3.14 million for the quarter, compared to analyst estimates of $3.90 million.

Separately, Zacks Investment Research downgraded shares of Denison Mines from a “buy” rating to a “hold” rating in a research note on Wednesday, February 20th.

DNN traded up $0.01 during midday trading on Wednesday, hitting $0.53. The company had a trading volume of 371,062 shares, compared to its average volume of 491,704. Denison Mines has a 52 week low of $0.44 and a 52 week high of $0.69.

Several large investors have recently bought and sold shares of DNN. Renaissance Technologies LLC increased its position in shares of Denison Mines by 59.7% during the third quarter. Renaissance Technologies LLC now owns 565,700 shares of the basic materials company’s stock worth $376,000 after acquiring an additional 211,499 shares in the last quarter. Morgan Stanley increased its position in shares of Denison Mines by 31.8% during the third quarter. Morgan Stanley now owns 2,168,400 shares of the basic materials company’s stock worth $1,442,000 after acquiring an additional 523,600 shares in the last quarter. Exane Derivatives increased its position in shares of Denison Mines by 1,140.6% during the fourth quarter. Exane Derivatives now owns 1,392,224 shares of the basic materials company’s stock worth $643,000 after acquiring an additional 1,280,000 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of Denison Mines by 2.8% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 2,735,180 shares of the basic materials company’s stock worth $1,269,000 after acquiring an additional 74,000 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of Denison Mines during the fourth quarter worth about $1,133,000.

About Denison Mines

Denison Mines Corp. operates as a uranium exploration and development company with focuses in the Athabasca Basin region of northern Saskatchewan, Canada. Its projects primarily includes the Wheeler River, the Waterbury, the Midwest, the McClean Lake and Mill, and the Hook-Carter that covers approximately 320,000 hectares in the Athabasca Basin region.

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