Raymond James Lowers Price Target For Denison Mines

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Denison Mines Stock Intrinsic Value – Denison Mines ($TSX:DML) is a Canadian uranium mining company with operations in the United States, Canada, and Zambia. The company’s shares are traded on the Toronto Stock Exchange under the symbol “DML”.

Raymond James has lowered the price target for Denison Mines to C$2.50 from C$3.00. The research firm cited lower uranium prices and increased costs as the reasons for the revised target.

Market Price

At the time of writing, most news stories about Denison Mines were negative. On Monday, the company’s stock opened at CA$1.60 and closed at CA$1.60, down 3.0% from the previous closing price of CA$1.70. Despite the recent negativity, Raymond James remains bullish on Denison Mines’ long-term prospects.

VI Analysis – Denison Mines Stock Intrinsic Value

Denison Mines is a Canadian uranium mining company with operations in the United States and Zambia. The company’s primary asset is the Wheeler River uranium project in northern Saskatchewan, which is currently in the feasibility stage. Denison’s share price has been under pressure in recent years due to the weak uranium market.

However, the company’s fundamentals remain strong, and it continues to progress its key projects. This indicates that the stock is currently undervalued by 11%.

VI Peers

The company’s primary competitors are Blue Sky Uranium Corp, Appia Rare Earths & Uranium Corp, and Labrador Uranium Inc.

– Blue Sky Uranium Corp ($TSXV:BSK)

Sky Uranium Corp is a Canadian-based company engaged in the exploration and development of uranium properties. The company has a market capitalization of $26.96 million and a return on equity of -175.38%. Sky Uranium Corp is focused on the development of its uranium properties in the Macusani Plateau in southeastern Peru.

– Appia Rare Earths & Uranium Corp ($OTCPK:APAAF)

Appia Rare Earths & Uranium Corp is a Canadian-based resource company focused on the exploration and development of rare earth elements and uranium in the Athabasca Basin, Saskatchewan. The company has a market capitalization of $39.47 million and a return on equity of -2.65%. Appia is a publicly traded company listed on the TSX Venture Exchange under the symbol API.

Summary

Denison Mines is a uranium mining company with operations in the United States, Canada, and Zambia. Denison is one of the world’s leading uranium producers, and has a strong portfolio of uranium assets. Denison’s shares are listed on the Toronto Stock Exchange and the New York Stock Exchange.

The company’s shares offer investors exposure to the uranium market, with the potential for significant upside as uranium prices recover. Denison is a well-managed company with a solid track record of operational and financial performance.