The Globe and Mail reports in its Thursday, Sept. 25, edition that analysts at National Bank Financial believe the macroeconomic environment supports precious metal prices due to ongoing political uncertainty, declining real rates, persistent inflation and central banks continuing to be net purchasers. The Globe's David Leeder writes that the National Bank analysts continue to rate Denison Mines "outperform." The analysts gave their share target a 60-cent boost to $4.50. Analysts on average target the shares at $4.01. On Wednesday the bank reaffirmed its bullish outlook for prices in the months ahead. National Bank analyst Mohammed Sidibe says in a note: "Denison's diversified portfolio of assets provides investors with exposure to an attractive pipeline of low-costs greenfield projects located in the Athabasca basin which is host to the largest and highest grade uranium deposits. Notably, the company's flagship asset, the Phoenix ISR is a low-cost project expected to produce 56 million pounds U3O8 over a 10-year mine life at an AISC of $36.74/lb based on our estimates." The Globe reported on June 25 that National Bank analysts continued to rate Denison "outperform." The shares could then be had for $2.43.
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