Denison Mines Third Quarter 2022 Earnings: CA$0.008 loss per share (vs CA$0.041 profit in 3Q 2021)
Denison Mines (TSE:DML) Third Quarter 2022 Results
Key Financial Results
Revenue: CA$3.04m (down 68% from 3Q 2021).
Net loss: CA$6.38m (down by 119% from CA$32.9m profit in 3Q 2021).
CA$0.008 loss per share (down from CA$0.041 profit in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Denison Mines Earnings Insights
Looking ahead, revenue is forecast to decline by 16% p.a. on average during the next 2 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 4.1% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Denison Mines (1 shouldn't be ignored!) that you need to take into consideration.
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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.
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