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Denison Mines ( (TSE:DML) ) has shared an announcement.
Denison Mines Corp. is facing a judicial review application filed by the Peter Ballantyne Cree Nation (PBCN) against the Government of Saskatchewan and the company. The application challenges the provincial approval for Denison’s Wheeler River Project, citing insufficient consultation with PBCN. Denison maintains that it has engaged in extensive consultation efforts and plans to defend against the claims, emphasizing its commitment to incorporating Indigenous knowledge into project planning. The Wheeler River Project, hosting high-grade uranium deposits, is positioned as a competitive low-cost operation, with ongoing federal approval processes for its environmental assessment and construction license.
The most recent analyst rating on (TSE:DML) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Denison Mines stock, see the TSE:DML Stock Forecast page.
Spark’s Take on TSE:DML Stock
According to Spark, TipRanks’ AI Analyst, TSE:DML is a Neutral.
Denison Mines’ overall stock score is primarily impacted by its financial performance struggles, with ongoing profitability and cash flow challenges. The technical analysis provides some positive momentum, but valuation concerns due to negative earnings weigh heavily. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on TSE:DML stock, click here.
More about Denison Mines
Denison Mines Corp. is a uranium mining, exploration, and development company with a primary focus in the Athabasca Basin region of northern Saskatchewan, Canada. The company holds a 95% interest in its flagship Wheeler River Project and has significant stakes in other ventures such as the McClean Lake Joint Venture and the Midwest Joint Venture. Denison’s operations include both mining and processing activities, with a strategic emphasis on leveraging high-grade uranium deposits.
Average Trading Volume: 4,147,130
Technical Sentiment Signal: Buy
Current Market Cap: C$3.68B
For a thorough assessment of DML stock, go to TipRanks’ Stock Analysis page.