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Denison Mines (DNN): Is This the Low for a Company Ready to Soar?
Denison Mines, a leading mid-tier uranium producer with properties in the US and elsewhere, has surprisingly descended from a high over $15 down to under $7 a share right now. Given the steady demand for uranium and its high price of almost $90 per pound, Denison is well positioned for growing profits in the future. The sell-off strikes me as utterly irrational. Thus, it is with great pleasure that I present you with my stock pick of the week, Denison Mines (DNN). It's $6.59 as I write. This could be near the low, according to my instincts (hah! - it's just a gut feel, of course). Consider adding DNN to your portfolio today. Options are also available. If you buy now, I suggest a target price of $12 within 16 months to sell half, and keep the rest with a target of $20 in 3 years.
Another grossly oversold top-notch company is Frontier Oil (FTO), an excellent refiner. Down way too fast. I think it bottoms near 31 and heads above 50 by summer. But hold for my 2010 target of $70.
And don't forget gold, silver, and some leading mining stocks like SLW, EXK, SRLM.ob, KGC, and AUY.