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Stock impact report

Assessing Denison Mines (TSX:DML) Valuation After Phoenix Grid Connection De-Risks Uranium Project [Yahoo! Finance]

Denison Mines Corp Ordinary Shares (Canada) (DNN) 
NASDAQ:AMEX Investor Relations: denisonmines.com/s/investorrelations.asp
Company Research Source: Yahoo! Finance
See our latest analysis for Denison Mines. The SaskPower connection and Phoenix construction readiness have arrived alongside a 24% 30 day share price return and a 63.7% one year total shareholder return. This suggests momentum has been building as investors react to reduced project risk and potential future cash flow. If this kind of uranium story has your attention, it could be a good moment to widen your search and look at aerospace and defense stocks as another source of energy and security linked ideas. With Denison up 63.7% over the past year and trading near an 8.1% discount to the average analyst target, the key question is whether Phoenix de risking still leaves upside on the table, or if the market already prices in future growth. Denison Mines closed at CA$4.60, and on that price the shares trade on a P/B of 10.2x, which is well above both peers and the wider Canadian oil and gas group. P/B compares the market value of a company to its net assets. For a resource Show less Read more
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