Raymond James Lifts PT on Denison Mines Corp. (DNN) to C$3.80 From C$3.70

Denison Mines Corp. (NYSE:DNN) is one of the best strong buy stocks to buy under $10. On July 18, Raymond James raised the firm’s price target on Denison Mines Corp. (NYSE:DNN) to C$3.80 from C$3.70, keeping an Outperform rating on the shares.

The rating update came after Denison Mines Corp. (NYSE:DNN) announced on July 16 the discovery of additional high-grade mineralization “around 40 meters outside of the previously estimated mineralized domain associated with the D1 lens of the Gryphon uranium deposit”.

Management reported that the discovery was a part of the successful delineation drill program carried out at Gryphon during the first half of 2025. Results from the delineation drilling program are anticipated to bolster confidence for the previously projected mineral resources for Gryphon.

Denison Mines Corp. (NYSE:DNN) is involved in the exploration and development of uranium. The company holds interests in the Athabasca Basin, Wheeler River, Midwest Project, McClean Lake, and Waterbury Lake.

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Disclosure: None. This article is originally published at Insider Monkey.