HT Ganzo
Overview
Denison Mines (NYSE:DNN) is a Canadian high-quality uranium development company with several interesting assets. The company is listed in the U.S. and Canada (TSX:DML:CA). I have covered Denison a few times with my first article on the company in 2020, the prior articles can be found here.
The stock price of Denison had its recent lows around $1 a little over a year ago, it then had a strong run in the back half of 2023 into 2024 as the price of uranium recovered from very depressed levels.
Figure 1 – Source: Koyfin
Figure 2 – Source: Koyfin
More recently, the stock has taken a beating along with most uranium equities following some general market turbulence, a slight pullback in the spot price of uranium, and a poor overall sentiment for uranium stocks.
This has caused the valuation to now be very attractive as the price of Denison has corrected more the spot price of uranium. It is also worth pointing out that…
