Raymond James raised its price target on Denison Mines Corp. (DNN) to C$5.05

Core Viewpoint - Denison Mines Corp. is gaining positive attention from analysts, with raised price targets reflecting confidence in its uranium mining projects and overall market potential [1][2]. Group 1: Analyst Ratings and Price Targets - Raymond James raised its price target on Denison Mines Corp. to C$5.05 from C$4.30, maintaining an Outperform rating as part of a broader mining sector update [1]. - Canaccord also increased its price target on Denison Mines to C$5 from C$4.40, while keeping a Speculative Buy rating, indicating a trend of positive analyst revisions [2]. Group 2: Project Developments - Denison Mines announced readiness to move to a final investment decision on its Phoenix in-situ recovery uranium mine, pending final regulatory approvals, with a construction timeline of two years and first production targeted for mid-2028 if approvals are secured in Q1 2026 [3]. - The company raised its initial capital estimate for the Phoenix project to approximately $600 million, about 20% higher than the 2023 feasibility study, due to inflation and project refinements [4]. Group 3: Company Overview - Denison Mines Corp. is focused on uranium mining, development, and exploration, primarily in Canada's Athabasca Basin, holding a 95% interest in the Wheeler River Uranium Project, one of the largest undeveloped uranium assets in the eastern Athabasca region [5].