Denison Mines Unveils New High-Grade Uranium Discovery at Gryphon

Globe and Mail

5 days ago

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Denison Mines ( (TSE:DML)) has shared an announcement.
Denison Mines Corp. has announced the discovery of additional high-grade mineralization at its Gryphon uranium deposit, located near its flagship Phoenix project in northern Saskatchewan. This discovery, made during a successful delineation drill program, is expected to enhance the confidence in Gryphon's mineral resources and potentially expand the deposit's estimated mineral resources. The results support further project development and de-risking efforts, highlighting Gryphon's potential as a competitive, low-cost uranium mining operation.
The most recent analyst rating on (TSE:DML) stock is a Buy with a C$2.60 price target. To see the full list of analyst forecasts on Denison Mines stock, see the TSE:DML Stock Forecast page.
Spark's Take on TSE:DML Stock
According to Spark, TipRanks' AI Analyst, TSE:DML is a Neutral.
Denison Mines' overall stock score reflects significant challenges in financial performance due to ongoing losses and cash flow inefficiencies. However, the company's strong equity position and proactive corporate events, such as advancing key projects and strengthening governance, provide a positive outlook for future strategic growth. Technical indicators suggest a cautious approach due to a lack of upward momentum. Valuation metrics indicate the stock is not currently attractive for traditional investors, as reflected by the negative P/E ratio and absence of a dividend yield.
To see Spark's full report on TSE:DML stock, click here.
More about Denison Mines
Denison Mines Corp. operates in the uranium mining industry, focusing on the exploration and development of uranium deposits. The company is primarily engaged in projects in northern Saskatchewan, Canada, with its flagship project being the Phoenix In-Situ Recovery uranium mine. Denison is known for its high-grade uranium deposits, including the Gryphon deposit, which is a significant part of its portfolio.
Average Trading Volume: 2,660,758
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$2.27B
See more insights into DML stock on TipRanks' Stock Analysis page.