Denison Mines
About: Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure-rich eastern portion of the Athabasca Basin region of northern Saskatchewan. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.
Employees: 64
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
33% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]
28% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 47
3% more call options, than puts
Call options by funds: $4.52M | Put options by funds: $4.38M
1.77% less ownership
Funds ownership: 41.95% [Q2] → 40.17% (-1.77%) [Q3]
4% less funds holding
Funds holding: 195 [Q2] → 187 (-8) [Q3]
12% less capital invested
Capital invested by funds: $747M [Q2] → $660M (-$86.7M) [Q3]
22% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 37
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$2.75
46%
upside
Avg. target
$3
59%
upside
High target
$3.25
72%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Roth MKM Joe Reagor 29% 1-year accuracy 11 / 38 met price target | 46%upside $2.75 | Buy Reiterated | 23 Oct 2024 |
CIBC Bryce Adams 100% 1-year accuracy 1 / 1 met price target | 72%upside $3.25 | Outperformer Initiated | 26 Sept 2024 |
Financial journalist opinion
Based on 4 articles about DNN published over the past 30 days
Positive
Zacks Investment Research
3 weeks ago
Denison Mines Enters Deal to Form 3 Uranium Joint Ventures With Cosa
DNN signs a deal to develop three uranium exploration joint ventures in the eastern part of the Athabasca Basin in northern Saskatchewan.
Neutral
Newsfile Corp
3 weeks ago
Cosa Resources Executes Agreement to Form Joint Ventures with Denison Mines on Multiple Uranium Projects
Highlights Cosa to acquire a 70% interest in a portfolio of Denison's prospective uranium projects located in the Eastern Athabasca Basin Denison to become 19.95% shareholder of Cosa and commits to a minimum of C$1,000,000 participation in future equity financings Cosa's senior management team is uniquely experienced to advance these mature, discovery-ready projects Vancouver, British Columbia--(Newsfile Corp. - November 27, 2024) - Cosa Resources Corp. (TSX-V: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce that it has entered into an Acquisition Agreement (the "Acquisition Agreement") with Denison Mines Corp. ("Denison") (TSX: DML) (NYSE American: DNN). Pursuant to the Acquisition Agreement, Cosa will acquire (the "Transaction") an interest in three of Denison's uranium exploration projects located in the Eastern Athabasca Basin (the "Projects").
Neutral
PRNewsWire
3 weeks ago
Denison Announces Agreement to Form Exploration Joint Ventures with Cosa Resources
TORONTO , Nov. 27, 2024 /PRNewswire/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that is has executed an agreement (the "Agreement") with Cosa Resources Corp. ("Cosa") (TSX-V: COSA) to form three uranium exploration joint ventures in the eastern portion of the Athabasca Basin region in northern Saskatchewan. Pursuant to the Agreement, Cosa will acquire a 70% interest in Denison's 100%-owned Murphy Lake North, Darby, and Packrat properties (the "Properties") in exchange for approximately 14.2 million Cosa common shares, $2.25M in deferred equity consideration, and a commitment to spend $6.5 million in exploration expenditures at Murphy Lake North and Darby (the "Transaction").
Neutral
PRNewsWire
4 weeks ago
Denison Files Final Wheeler River Environmental Impact Statement with CNSC Following Completion of Technical Review
TORONTO , Nov. 25, 2024 /PRNewswire/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that it has filed a final Environmental Impact Statement ("EIS") for the Wheeler River Uranium Project ("Wheeler River" or the "Project") with the Canadian Nuclear Safety Commission ("CNSC"), after successfully completing the rigorous technical review phase of the federal Environmental Assessment ("EA") approval process. The final EIS reflects many years of considerable effort following the initiation of the EA process in 2019 and proactively incorporates feedback received from multiple interested parties, including Indigenous nations and the CNSC's Federal Indigenous Review Team.
Positive
Seeking Alpha
1 month ago
Denison Mines Corp. Q3: A Lot Of Potential In The Future Due To Nuclear Demand
Denison Mines Corp.'s financial position is robust, with C$106m in cash, C$243m in uranium investments, and no debt, ensuring operational funding until production starts. The company's premier project, Wheeler River's Phoenix site, targets production by 2027-2028 using cost-effective and environmentally friendly ISR mining techniques. The outlook for nuclear energy is promising, with increasing demand from governments and tech giants like Amazon and Alphabet, boosting uranium's long-term prospects.
Neutral
PRNewsWire
1 month ago
Denison to File Early Warning Report in Respect of Foremost Clean Energy Ltd.
TORONTO , Nov. 15, 2024 /PRNewswire/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML; NYSE American: DNN) congratulates Foremost Clean Energy Ltd. ("Foremost") (NASDAQ:FMST) (CSE:FAT) on the completion of its $10,500,250 private placement of units on November 14, 2024 (the "Offering").
Neutral
PRNewsWire
1 month ago
Denison Reports Financial and Operational Results for Q3'2024, Including Positive Progress on Phoenix Engineering and Regulatory Review
TORONTO , Nov. 7, 2024 /PRNewswire/ - Denison Mines Corp. ('Denison' or the 'Company') (TSX: DML) (NYSE American: DNN) today filed its Condensed Consolidated Financial Statements and Management's Discussion & Analysis ('MD&A') for the three and nine months ended September 30, 2024. Both documents will be available on the Company's website at www.denisonmines.com, SEDAR+ (at www.sedarplus.ca) and EDGAR (at www.sec.gov/edgar.shtml).
Positive
Seeking Alpha
2 months ago
Uranium Stocks: Finally Starting To Tick
Uranium stocks surged, with Cameco, Denison, Mega Uranium, and Laramide showing significant gains, reflecting increased interest in the sector. Major tech firms like Microsoft and Google are investing in nuclear power, driving demand for uranium and boosting the prospects of those who mine uranium. The uranium price has rebounded from a September low, suggesting a potential upward trend influenced by nuclear energy developments.
Positive
The Motley Fool
2 months ago
Why Cameco, Denison Mines, and Energy Fuels Stocks All Popped on Wednesday
The best buy now among these three nuclear stocks may surprise you.
Positive
Zacks Investment Research
2 months ago
DNN & Foremost Complete First Phase of Option Deal for Uranium Assets
Denison acquires a 19.95% stake in Foremost in exchange for a 20% stake in its uranium assets. Foremost has the option to increase its stake to 70%.
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