Denison Mines Corp. (DNN) Price Target Raised to C$7 at Desjardins

Denison Mines Corp. (NYSEAM:DNN) is among the 12 Low Price High Volume Stocks to Buy Right Now.

On February 27, Desjardins analyst Bryce Adams raised the firm’s price target on Denison Mines Corp. (NYSEAM:DNN) to C$7 from C$5.50 while maintaining a Buy rating on the shares, reflecting improving sentiment around the company’s uranium development prospects.

On February 20, Scotiabank also increased its price target on Denison Mines Corp. (NYSEAM:DNN) to C$6 from C$5.50 and maintained an Outperform rating. The day before, the company announced that the Canadian Nuclear Safety Commission had approved the Environmental Assessment and issued a Licence to Prepare Site and Construct a Mine and Mill for the Wheeler River Uranium Project. With the Environmental Assessment previously approved by the Province of Saskatchewan and other necessary provincial approvals already secured, this federal authorization represents the final regulatory approval required to begin construction of the Phoenix In-Situ Recovery uranium mine. The decision followed a regulatory review process that included public hearings held in October and December, and with the licence now granted, Denison is positioned to begin site preparation and construction activities once a final investment decision is reached.

Denison Mines Corp. (NYSEAM:DNN) was founded in 1985 and is headquartered in Toronto, Canada. The company focuses on uranium exploration, development, and production and has historically been associated with uranium mining activities in Blind River and Elliot Lake. Denison’s advancing Wheeler River project positions the company to potentially benefit from strengthening long-term demand for nuclear energy and uranium supply.

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