#5 - Denison Mines (NYSEAMERICAN:DNN)
Denison Mines Corp. (NYSEAMERICAN: DNN) is another uranium company in the exploration and development stage. Like several of the companies on this list, Denison has several projects in the Athabasca Basin region. However, its flagship project is its 95%-owned Wheeler River project, which the company defines as the largest undeveloped uranium project in the eastern Athabasca Basin region.
Denison has already identified two significant uranium deposits named Phoenix and Gryphon. However, investors will need to be patient. Production is not expected to start at the Phoenix site until 2027 or 2028. That presumes a two-year construction schedule.
DNN stock is up 43.75% in the last 12 months, and analysts give the stock a $3.02 price target, which would be a 63% gain for investors. Additionally, four out of seven analysts give the stock a Strong Buy rating.
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.
Read More - Current Price
- $1.89
- Consensus Rating
- Strong Buy
- Ratings Breakdown
- 7 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $3.00 (58.7% Upside)
