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Denison Mines Corp (DML-T) is a company focused on uranium with strong seasonality from September to January and lots of volatility. It has performed well in the past and is currently doing better than others in the space. Despite lots of positive announcements in the sector, the stocks have not responded due to the focus still being on tech, not commodities. Experts have mixed feelings about the stock's future, with concerns about the depth of recovery methods and challenges on a commercial scale.
The question asked for his preference between Cameco and Denison. Uranium is up and momentum is with them but he wouldn't buy them. New nuclear projects are ten years away for development. Denison has a new mine in Saskatchewan but it is a 10 year project. Cameco trades at 30 times revenue.
An area he's not involved with, mainly because it involves too much predicting. Earnings for the sector can be a challenge, ROIC isn't strong. A lot of expectation built into recent action.
He sold it when uranium broke $100/lb and shares surged. Uranium prices are now taking a breather and he hopes to get back into this in Q2. Are well-financed. They own $275 million of uranium they bought on the open market.
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)Small-cap Canadian name in uranium. Risk is that they're trying technology in a way that hasn't been tried before. If it works, they'll do extremely well; if not, they'll have challenges. Bull market for uranium. Expects it to do well for a year. He's long this name.
Beyond a 2017 spike, it's been range-bound. Wouldn't buy it. Sell.
Uranium developer. Companies don’t make money at these prices for Uranium. They should go up, but demand is weak. It is not the best environment to invest in a junior at this time.
If you're patient, this is worth owning. Quality CEO and has strong financial backing in association with Lundin Mining. But you must endure a lot of volatility.
Denison Mines Corp is a Canadian stock, trading under the symbol DML-T on the Toronto Stock Exchange (DML-CT). It is usually referred to as TSX:DML or DML-T
In the last year, 5 stock analysts published opinions about DML-T. 3 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Denison Mines Corp.
Denison Mines Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Denison Mines Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered Denison Mines Corp In the last year. It is a trending stock that is worth watching.
On 2024-12-11, Denison Mines Corp (DML-T) stock closed at a price of $3.17.
Focused on uranium, where seasonality is strong from September-January. Lots of volatility. Performed well, then pulled back, did well. Doing better than others in the space. Favourable in medium- and long-term.
Lots of positive announcements in the sector, but the stocks have not responded because all the focus is still on tech, not on commodities.