TSE:DML

Denison Mines Corp (DML.TO)

2.96
-0.01 (0.34%)
as of Nov 3, 2026, 9:00:00 pm Market Closed.
141 watching
0
DON'T BUY
Uranium dropped $10 today and he expects it will drop further in the short term. Would only buy producing companies with low multiples. This company does not fit that.
COMMENT
Likes uranium. Has been under some short-term pressure, but going forward nuclear energy will be an alternate source of energy.
BUY
Just made an acquisition of a small uranium play in Zambia. It has huge production profile growth in 2008. Good price.
DON'T BUY
Decommissioned Elliot Lake property has about 200 million pounds of very low-grade uranium. If uranium prices stay high, it is probably economical. Have disappointed investors many times in terms of expected production versus actual production. Not a fan.
DON'T BUY
Everything having to do with uranium has doubled or tripled and the easy money is gone. Prefers Cameco (CCO-T) whose hedged uranium will be falling off giving them extremely high increased earnings.
WEAK BUY
Nothing wrong with this stock, just not the type of play he likes.
HOLD
Quarterly numbers where a little weaker than expected. The contracted price for some companies is moving towards the higher valuations of uranium. Analysts targets have been reduced.
WATCH
Is the second biggest play besides Camico. It's a real company with real production. They don't own currently but perhaps will again.
PAST TOP PICK
(A Top Pick Apr 5/7. Down 7%.) Still likes. This has been a tough week for mining in general. An emerging major producer. Just revised their 2007 forecasts down by 10%. It will become a 5 to 7 million pound producer over the next 3-4 years.
COMMENT
If you own, consider taking some off the table to lower your risks.
BUY
Uranium. Not one of his favourites, but because it is a producer and will be increasing its production, it has to do well.
COMMENT
Good management. He is not interested in uranium right now. It has become too expensive.
HOLD
If the growth rate for the commodity maintains itself, this would be a reasonable time to get in with a target in the higher teens.
DON'T BUY
Prefers other names for uranium. Made a lot of acquisitions and expect they will make more. Good growth story. Haven't delivered on production in the last couple of years.
SELL
He is looking to sell his holdings at this time. He feels all of the uranium stocks are priced to perfection. He is quite happy to take a profit.
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