Denison Mines Corp. (DML:CA)
Analyst Update
TD Cowen Securities maintained their “Buy” rating on Denison Mines, with a 12 month target price of $5.00 per share. The analyst highlighted that strengthening uranium market fundamentals, driven by tightening global supply, growing utility contracting activity, and rising long-term price expectations continue to support the company’s outlook. These industry dynamics reinforce confidence in the company’s asset base and development pipeline, particularly the Wheeler River project.
Stock Forecast
The technical analysis on the stock, currently points to a Buy signal, indicating positive momentum and supportive trading patterns. Analyst sentiment is even more robust, standing at Strong Buy, reflecting broad conviction in the company’s long-term value proposition. The consensus price target of $4.81 suggests notable appreciation potential from current levels, translating to an estimated upside of +35.83%. Together, these indicators suggest that while near-term volatility may remain, both analysts and market trends see meaningful room for continued growth in the stock.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
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