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Denison Mines CorpDML.TOBUY ON WEAKNESSJan 03, 2014Stock price when the opinion was issued
As of Jun 19, 2026. Market Open.
He bought this three years ago when investors hated uranium, but he has since made his money back. DML is trying proven recovery methods but at a deeper depth that could work. If it does, shares go higher, but fears this method could be challenging on a commercial scale. Swo, he feels of two minds about DML. DML is the most important junior in the Athabasca basin. Their edge is operating a permitted mill there.
Unique because using in situ recovery methods for uranium using chemicals and water. Technology is well proven globally, and really brings down the capital and operating costs. Very strong economics. Newest project is almost fully financed. Prime takeout candidate. No dividend.
(Analysts’ price target is $3.46)
Material stocks can be a bit volatile in January, but in general, if you see weakness you want to take advantage in the period of seasonal strength. We are already seeing outperformance of this stock relative to the market. Chart shows a positive trend. Broke above its 200 day moving average and the 20 and 50 day are pointing even higher. It could possibly go a little bit lower here, down to its 50 day average, which would be great for the period of seasonal strength ahead. Period of seasonal strength for this ends in May.