Denison Mines (DNN, Financial) and Orano Canada have commenced uranium mining operations at their jointly managed McClean Lake Joint Venture. Utilizing a patented Surface Access Borehole Resource Extraction mining technique, this venture marks a significant step in uranium extraction innovation. Orano Canada leads the joint venture with a 77.5% ownership stake, while Denison Mines holds the remaining 22.5% interest.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Denison Mines Corp (DNN, Financial) is $2.82 with a high estimate of $3.03 and a low estimate of $2.70. The average target implies an upside of 39.01% from the current price of $2.03. More detailed estimate data can be found on the Denison Mines Corp (DNN) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Denison Mines Corp's (DNN, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Denison Mines Corp (DNN, Financial) in one year is $0.70, suggesting a downside of 65.52% from the current price of $2.03. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Denison Mines Corp (DNN) Summary page.
