
Denison Mines Unveils New High-Grade Uranium Discovery at Gryphon
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Denison Mines ( (TSE:DML)) has shared an announcement.
Denison Mines Corp. has announced the discovery of additional high-grade mineralization at its Gryphon uranium deposit, located near its flagship Phoenix project in northern Saskatchewan. This discovery, made during a successful delineation drill program, is expected to enhance the confidence in Gryphon's mineral resources and potentially expand the deposit's estimated mineral resources. The results support further project development and de-risking efforts, highlighting Gryphon's potential as a competitive, low-cost uranium mining operation.
The most recent analyst rating on (TSE:DML) stock is a Buy with a C$2.60 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 reflects significant challenges in financial performance due to ongoing losses and cash flow inefficiencies. However, the company's strong equity position and proactive corporate events, such as advancing key projects and strengthening governance, provide a positive outlook for future strategic growth. Technical indicators suggest a cautious approach due to a lack of upward momentum. Valuation metrics indicate the stock is not currently attractive for traditional investors, as reflected by the negative P/E ratio and absence of a dividend yield.
To see Spark's full report on TSE:DML stock, click here.
More about Denison Mines
Denison Mines Corp. operates in the uranium mining industry, focusing on the exploration and development of uranium deposits. The company is primarily engaged in projects in northern Saskatchewan, Canada, with its flagship project being the Phoenix In-Situ Recovery uranium mine. Denison is known for its high-grade uranium deposits, including the Gryphon deposit, which is a significant part of its portfolio.
Average Trading Volume: 2,660,758
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$2.27B
See more insights into DML stock on TipRanks' Stock Analysis page.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CTV News
14 minutes ago
- CTV News
CSEC to host hiring fair Monday afternoon at Saddledome
Calgary Sports and Entertainment Corp. are holding a hiring fair Monday and Tuesday at the Saddledome. Calgary Sports and Entertainment Corp. (CSEC) are hosting a hiring fair Monday. The parent company of the Calgary Flames are looking for security operations personnel and conversion team members (quick service cooks, line cooks, 50/50 staff) for its venue operations. These positions support events for the Flames, Wranglers, Hitmen, Riggers and Stampeders. The event takes place between 1 p.m. and 5 p.m. Monday and 10 a.m. and 2 p.m. Tuesday. Bring a resume to enter at the west side of the Saddledome through the Telus Club. CSEC says that they're hiring on the spot. For information, go here.


CBC
an hour ago
- CBC
Nova Scotia Power temporarily shut off power in part of Cape Breton to carry out repairs
A power outage affecting over 3,000 customers in the Whycocomagh area of Cape Breton was expanded for two hours at noon AT on Sunday as Nova Scotia Power carried out repairs. But as of 3:30 p.m. AT Sunday the utility's outage map showed that power had been restored to all affected areas. On Saturday night, over 9,000 customers were affected by the outage, which also included Chéticamp, Inverness, Mabou and Baddeck. Sunday's planned outage included customers in the areas that previously had their power restored. In a post on X, the utility said the additional outage was being done to ensure power could be safely restored to all areas. At one point, Sunday more than 11,000 customers were without electricity. Asked what the cause of the initial outage was, a Nova Scotia Power spokesperson said the company is focused on restoring power. Bonny MacIsaac, warden for the Municipality of the County of Inverness, said the outage coincided with the busy Inverness Gathering weekend. She said some businesses had to close as a result of the outage and haven't reopened. This includes the only grocery store in the community of Inverness, said MacIsaac.


CTV News
an hour ago
- CTV News
$500K lotto win a ‘big blessing' for Vancouver woman
Rowena Ibusca is shown in this photo provided by the B.C. Lotto Corporation. A Vancouver woman burst into tears after receiving life-changing news in a drug store earlier this month. Rowena Ibusca won a $500,000 LottoMax jackpot in the July 11 draw, splitting the Maxmillions prize with another lucky ticket holder in Ontario, according to a statement from the B.C. Lottery Corporation. 'When I scanned, I first thought it said $500, but then I scanned it again and just started crying. The first thing I said was, 'Is this true?'' Ibusca told the BCLC. When she went home and told her daughter, the tears of joy kept on flowing. 'We were both jumping and crying,' Ibusca said, recalling the moment she shared the news. Ibusca told the BCLC she still hasn't decided what to do with the windfall but described it as a 'big blessing' and a 'big help.' The odds of winning the Maxmillions prize are 3 in 99,884,400. Ibusca bought the winning ticket at the Point Grey Pharmacy on West 10th Avenue.