Denison Mines FY23 EPS From Continuing Operations C$0.11 Up From $0.02 YoY
Portfolio Pulse from Benzinga Newsdesk
Denison Mines reported a significant increase in its FY23 EPS from continuing operations, rising to C$0.11 from C$0.02 in FY22, a 450% increase. This growth was primarily attributed to a larger gain on its physical uranium holdings, despite higher operating expenses associated with the advancement of its Wheeler River Project.
March 01, 2024 | 8:03 am
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Denison Mines' FY23 EPS from continuing operations increased to C$0.11 from C$0.02 in FY22, marking a 450% increase, driven by gains on uranium holdings.
The substantial increase in EPS for Denison Mines is a positive indicator of the company's financial health and operational success, particularly in its uranium holdings. This significant growth, despite higher operating expenses, suggests a strong performance and potential for future growth, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100