Why Denison Is Ready to Rebound
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, uranium explorer Denison Mines has earned a respected four-star ranking.
With that in mind, let's take a closer look at Denison and see what CAPS investors are saying about the stock right now.
Industrial metals and minerals
CEO Ronald Hochstein
CFO David Cates
Return on Equity (average, past 3 years)
$40.7 million / $270.0 thousand
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 97% of the 889 members who have rated Denison believe the stock will outperform the S&P 500 going forward.
Latest news of a 47% increase in Indicated Mineral resources and 100% increase in Inferred Mineral resources of high grade uranium deposits. This comes at a time when uranium is set to move higher. They own 60% of the Wheeler River property, Cameco owns 30% . Even if Dennison is not swallowed up by [Cameco], there is strong movement higher in share prices, ready to breakout according to "the Street". I'm buying.
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The article Why Denison Is Ready to Rebound originally appeared on Fool.com.Brian Pacampara has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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