Raymond James Raises Denison Mines Corp. PT to C$3.80 From C$3.70

Raymond James raised the price target for Denison Mines Corp. (NYSE:DNN) to C$3.80 from C$3.70, maintaining an Outperform rating. The firm made the update after Denison Mines Corp. (NYSE:DNN) announced the discovery of additional high-grade mineralization at the Gryphon uranium deposit. Management expects results from the delineation drilling program to bolster confidence in previously projected mineral resources for Gryphon.

Raymond James Financial has increased its price target for Denison Mines Corp. (NYSE:DNN) to C$3.80 from C$3.70, while maintaining an "Outperform" rating. The update comes following Denison Mines' announcement of additional high-grade mineralization at the Gryphon uranium deposit. The company expects the results from the delineation drilling program to bolster confidence in previously projected mineral resources for Gryphon [2].

Denison Mines Corp. (DNN) has been experiencing significant interest from investors and financial institutions alike. In recent months, numerous analysts have raised their ratings and price targets for the company. For instance, Raymond James Financial has raised its price target twice in the past year, reflecting the growing optimism surrounding the company's uranium prospects [2].

The discovery of high-grade mineralization at the Gryphon deposit is a significant development for Denison Mines. The company believes that this discovery will strengthen its position in the uranium market and support its long-term growth prospects. The delineation drilling program is expected to provide further insights into the deposit's potential, which could lead to increased investor confidence and potentially higher stock prices [2].

Investors should closely monitor the progress of the delineation drilling program and any additional news from Denison Mines. The company's ability to successfully delineate the Gryphon deposit could have a substantial impact on its stock price and overall market valuation [2].

References:
[1] https://www.marketbeat.com/stocks/NYSEAMERICAN/DNN/news/
[2] https://www.marketbeat.com/stocks/NYSEAMERICAN/DNN/news/