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Denison Mines ( (TSE:DML) ) has issued an announcement.
Denison Mines Corp. has entered into an agreement with Skyharbour Resources to acquire interests in the Russell Lake Uranium Project, which is adjacent to Denison’s flagship Wheeler River Project. This transaction allows Denison to strengthen its regional presence and explore new opportunities through joint ventures, enhancing its strategic foothold in the Athabasca Basin. The agreement includes options for Denison to increase its ownership in certain joint ventures, supporting its long-term growth and exploration strategy. This move is expected to boost exploration activities and increase the likelihood of discovering valuable uranium deposits, benefiting both Denison and Skyharbour.
The most recent analyst rating on (TSE:DML) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Denison Mines stock, see the TSE:DML Stock Forecast page.
Spark’s Take on TSE:DML Stock
According to Spark, TipRanks’ AI Analyst, TSE:DML is a Neutral.
Denison Mines’ overall stock score reflects significant financial challenges, particularly in profitability and cash flow generation. While the technical analysis shows some positive short-term trends, the valuation remains a concern due to ongoing losses. The company’s strong equity position provides some stability, but operational improvements are needed to enhance financial health.
To see Spark’s full report on TSE:DML stock, click here.
More about Denison Mines
Denison Mines Corp. operates in the uranium mining industry, focusing on the exploration and development of uranium properties. The company’s primary projects include the Wheeler River Project, which is a significant uranium deposit in the Athabasca Basin, Canada. Denison is known for its strategic investments in high-potential exploration properties and its commitment to advancing uranium mining operations.
YTD Price Performance: 17.11%
Average Trading Volume: 4,187,730
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$3.13B
Find detailed analytics on DML stock on TipRanks’ Stock Analysis page.