Roth Capital analyst Joe Reagor raised the firm’s price target on Denison Mines (DNN) to $4.25 from $3 and keeps a Buy rating on the shares. After announcing construction management contract yesterday, the company appears poised to receive final permits for its Phoenix project and then immediately begin construction, the analyst tells investors in a research note. This marks a significant inflection point for the company, the firm adds.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DNN:
- Denison Taps Wood Canada to Manage Construction of Phoenix Uranium Mine
- Foremost Clean Energy announces drill program at Hatchet Lake
- Denison Mines price target raised to C$5.05 from C$4.30 at Raymond James
- Unusually active option classes on open January 8th
- Denison Secures Grid Power for Phoenix Uranium Project in Key De-Risking Step