Denison Mines (TSE:DML) Third Quarter 2024 Results
Key Financial Results
- Net loss: CA$25.8m (down by 144% from CA$58.2m profit in 3Q 2023).
- CA$0.029 loss per share (down from CA$0.069 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Denison Mines Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 37%. Earnings per share (EPS) also missed analyst estimates by 97%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to remain flat.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 1.0% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Denison Mines that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSX:DML
Denison Mines
Engages in the acquisition, exploration, and development of uranium bearing properties in Canada.
Adequate balance sheet very low.
