Streetbeat News

DNN

Denison Mines Corp.

https://www.denisonmines.com

Industry

Uranium

Denison Mines Corp. engages in the acquisition, exploration, development, extraction, processing, selling of, and investing in uranium properties in Canada. Its flagship project is the 95% interest owned Wheeler River uranium project located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp. in December 2006. Denison Mines Corp. was founded in 1997 and is headquartered in Toronto, Canada.

Open

2.36

Mkt cap

2.1B

Volume

7.2M

High

2.38

P/E Ratio

-117.75

52-wk high

2.47

Low

2.30

Div yield

N/A

52-wk low

1.40

Denison Mines Corp. is well-positioned financially with significant cash reserves and uranium investments, and no debt. The company plans to start production at its Wheeler River's Phoenix site by 2027-2028, leveraging ISR mining techniques. The growing demand for nuclear energy, driven by governments and companies like Amazon and Alphabet, enhances uranium's long-term prospects.

Portfolio Pulse from

November 18, 2024 | 8:00 pm

Nuclear-linked stocks are experiencing a rise in share prices, likely due to increased optimism in the sector following Amazon Web Services and Google's recent nuclear investments for data centers.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 5:51 pm

Roth MKM analyst Joe Reagor has reiterated a Buy rating on Denison Mines (AMEX:DNN) and increased the price target from $2.60 to $2.75.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 3:48 pm

Uranium stocks are experiencing a rise in share prices following Amazon Web Services' announcement of a $500 million investment in nuclear power.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 4:06 pm

CIBC has initiated coverage on Denison Mines with an Outperformer rating and set a price target of $3.25.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:16 pm

Uranium stocks are experiencing a rise in share prices, potentially in sympathy with Constellation Energy's announcement of a power deal with Microsoft, which will restart a unit at the Three Mile Island nuclear power plant.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 1:46 pm

Uranium stocks are rising as the US investigates China's potential assistance to Russia in bypassing a uranium ban, and Russia considers export restrictions.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 1:36 pm

Uranium company shares are rising due to increased uranium prices, potentially driven by supply issues from the Russia-Ukraine conflict. Vice President Harris expressed interest in investing in diverse energy sources during the ABC 2024 Presidential Debate.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 3:08 pm

Russian President Vladimir Putin has suggested considering export restrictions on certain goods, including uranium, titanium, and nickel. This could impact global markets and companies involved in these commodities.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 1:51 pm

Uranium stocks are declining as uranium prices fall, influenced by economic contraction signals from August's ISM Manufacturing PMI data and anticipation of non-farm payrolls data affecting future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 4:41 pm

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