#3 - Denison Mines (NYSEAMERICAN:DNN)
Denison Mines Corp. (NYSEAMERICAN: DNN) is a Canadian-based uranium miner. The company’s flagship project is its Wheeler River project, which covers 300,000 hectares in the Athabasca Basin region in northern Saskatchewan.
Uranium will be critical to powering nuclear reactors, drawing increased attention as a clean energy source that can handle the 24/7 demands created by AI data centers.
Despite the steady drop in uranium prices in 2024, DNN stock was performing well, particularly in the run-up to the November presidential election in the United States. However, DNN stock dropped sharply in December 2024 as a consequence of the broader technology sector drop. It fell further after the launch of China’s open-source large language model (LLM) DeepSeek, causing investors to question the long-term demand for data centers.
Nevertheless, AI's long-term story is still intact. That’s reflected in the analyst forecasts, which have a $3 price target that would offer investors an 89.2% increase in the stock price.
About Denison Mines
Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares 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.
More- Current Price
- $1.54
- Consensus Rating
- Strong Buy
- Ratings Breakdown
- 7 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $3.00 (94.8% Upside)
