Denison Mines, Ur-Energy rally as RBC starts both uranium names at Outperform
Seeking Alpha ·
Denison Mines ( DNN ) and Ur-Energy ( URG ) up 4.4% and up 4.3%, respectively, in Tuesday's trading as RBC Capital initiates coverage of both uranium producers with Outperform ratings. On Denison Mines ( DNN ), RBC's Andrew Wong notes its flagship Phoenix project
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RBC Capital upgraded Denison Mines and Ur-Energy to Outperform, with stock prices rising by 4.4% and 4.3% respectively. Denison Mines' flagship project, the Phoenix Project, is expected to contribute to uranium price increases.
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- Energy — RBC Capital's upgrade of Denison Mines and Ur-Energy to Outperform is expected to contribute to uranium price increases, boosting investor interest in the development of Denison Mines' flagship project, the Phoenix Project.
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