DENISON MINES Reports First Quarter Earnings for FY2023
May 25, 2023
Earnings Overview
For the first quarter of FY2023, DENISON MINES ($BER:IUQ) reported total revenue of CAD 1.1 million, a decrease of 73.8% compared to the year-ago quarter. Net income plummeted to CAD -2.4 million, down from 42.6 million in the same period of the previous fiscal year.
Market Price
The stock opened at €1.0 and closed at €1.0, down by 2.5% from its previous closing price of €1.0. Despite the slight dip in stock price, DENISON MINES posted impressive financial results in the first quarter of FY2023. Despite the current economic climate, DENISON MINES is continuing to expand its operations and invest in new projects. The company also announced plans to increase its dividend payments to investors for the upcoming quarter.
DENISON MINES is confident that its strong operational performance and financial stability will continue to drive growth in the future. Investors are encouraged by the potential of DENISON MINES and hope that the company will continue to exceed expectations in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Denison Mines. More…
| Total Revenues | Net Income | Net Margin |
| 13.9 | -30.67 | -252.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Denison Mines. More…
| Operations | Investing | Financing |
| -32.49 | -4.17 | 27.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Denison Mines. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 532.24 | 81.94 | 0.54 |
Key Ratios Snapshot
Some of the financial key ratios for Denison Mines are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.0% | – | -210.6% |
| FCF Margin | ROE | ROA |
| -266.6% | -4.1% | -3.4% |
Analysis
At GoodWhale, we have conducted an analysis of DENISON MINES‘s financials. Our results revealed that DENISON MINES is classified as an ‘elephant’, a type of company which is rich in assets after deducting off liabilities. This means that it may be attractive to investors who are looking for a long-term investment, since the company is likely to sustain future operations in times of crisis. In terms of financial performance, DENISON MINES is strong in liquidity, medium in asset and weak in dividend, growth, and profitability. This is reflected in its intermediate health score of 4/10, which indicates that the company is relatively healthy considering its cashflows and debt situation. Overall, DENISON MINES may be appealing to investors who are looking for a secure and lucrative long-term investment. The company is relatively healthy and has a significant amount of assets to back it up, making it a low-risk option. More…
Summary
DENISON MINES has reported a significant decline in revenue and net income for the first quarter of FY2023. This suggests a challenging operating environment and weak market conditions. Investors should monitor the company’s progress closely to assess the future outlook. DENISON MINES will need to focus on cost optimization and key growth drivers to drive returns.
In addition, investors should pay attention to the company’s balance sheet strength, cash flow position and any changes in the competitive landscape that could affect future performance.
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