Denison Mines Corp (DNN) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS
Denison Mines Corp (DNN) announced its quarterly results on Thursday. The company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.08. The company’s quarterly revenue was down 57.4% on a year-over-year basis.
On a related note, analysts at Zacks Investment Research downgraded shares of Denison Mines Corp from a “neutral” rating to an “underperform” rating in a research note to investors on Sunday, October 9th.
Shares of Denison Mines Corp (DNN) traded up 0.65% during mid-day trading on Thursday, hitting $1.54. Denison Mines Corp (DNN) has a 52 week low of $0.81 and a 52 week high of $4.52. The stock’s 50-day moving average is $1.2 and its 200-day moving average is $1.74. The company has a market cap of $592.4 million.
Denison Mines Corp. (DMC) is engaged in uranium mining and related activities, including acquisition, exploration and development of uranium bearing properties, extraction, processing, selling and reclamation. The environmental services division of the Company provides mine decommissioning and decommissioned site monitoring services for third parties. The Company has a 100% interest in the White Mesa mill located in Utah, United States and a 22.5% interest in the McClean Lake mill located in the Athabasca Basin of Saskatchewan, Canada. The Company has interests in development and exploration projects in Canada, United States, Mongolia and Zambia. Uranium the Company’s primary product is produced in the form of uranium oxide concentrates (U3O8) and sold to customers worldwide for further processing. The Company also produces vanadium in the form of vanadium pentoxide (V2O5). The Company is also in the business of processing uranium bearing waste materials (alternate feed materials).
On a related note, analysts at Zacks Investment Research downgraded shares of Denison Mines Corp from a “neutral” rating to an “underperform” rating in a research note to investors on Sunday, October 9th.
Shares of Denison Mines Corp (DNN) traded up 0.65% during mid-day trading on Thursday, hitting $1.54. Denison Mines Corp (DNN) has a 52 week low of $0.81 and a 52 week high of $4.52. The stock’s 50-day moving average is $1.2 and its 200-day moving average is $1.74. The company has a market cap of $592.4 million.
Denison Mines Corp. (DMC) is engaged in uranium mining and related activities, including acquisition, exploration and development of uranium bearing properties, extraction, processing, selling and reclamation. The environmental services division of the Company provides mine decommissioning and decommissioned site monitoring services for third parties. The Company has a 100% interest in the White Mesa mill located in Utah, United States and a 22.5% interest in the McClean Lake mill located in the Athabasca Basin of Saskatchewan, Canada. The Company has interests in development and exploration projects in Canada, United States, Mongolia and Zambia. Uranium the Company’s primary product is produced in the form of uranium oxide concentrates (U3O8) and sold to customers worldwide for further processing. The Company also produces vanadium in the form of vanadium pentoxide (V2O5). The Company is also in the business of processing uranium bearing waste materials (alternate feed materials).
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