Denison Mines (DNN) Approves Major New Mining Project

We recently published 10 Best Performing Nuclear Energy Stocks According to Analysts.  Denison Mines Corp. (NYSE:DNN) is one of the best-performing nuclear energy stocks.

Uranium miner Denison Mines Corp. (NYSE:DNN)’s share price target was raised to $4.25 from $3 by Roth Capital on February 18th, as per The Fly. The upgrade came after it appeared that the firm was on track to receive approval for a mining project in the Athabasca Basin, Saskatchewan. In an SEC filing on March 4th, the firm confirmed that its board had given approval for the ISR uranium mine. These mines, called in-situ recovery projects, dissolve uranium directly from the orebody and Denison Mines Corp. (NYSE:DNN)’s project is the first of its kind in Canada. The project is also the first large-scale uranium mining project in Canada in 20 years.

CIBC discussed Denison Mines Corp. (NYSE:DNN)’s shares on February 4th. It reiterated a C$6.50 share price target and a Buy rating. The coverage followed Raymond James’ increasing the share price target to C$5.05 from C$4.30. Keeping an Outperform rating, the financial firm outlined that the coverage was based on a broader update of the mining sector.

Denison Mines Corp. (NYSE:DNN) is a Canadian mining company headquartered in Toronto, Canada, and with a major presence in the Athabasca Basin, Saskatchewan.

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