Is Denison Mines Corp. (DNN) one of the Best Penny Stocks to Buy According to Hedge Funds?

Group 1 - Denison Mines Corp. (NYSE:DNN) is recognized as a promising penny stock by hedge funds, with a Buy rating and a price target of C$5.00 from Desjardins analyst Bryce Adams [1] - In fiscal Q2 2025, Denison Mines Corp. reported the first production at McClean Lake North utilizing SABRE Mining technology [2] - The company received provincial approval for the environmental assessment of the Wheeler River project and achieved approximately 80% completion of total engineering for the Phoenix project [2] Group 2 - Denison Mines Corp. is engaged in the exploration and development of uranium, holding interests in several key projects including the Athabasca Basin, Wheeler River, Midwest Project, McClean Lake, and Waterbury Lake [3]