Globe says Sadowski Hikes Fission to "Outperform" 2015-09-08 04:23 ET - In the News
The Globe and Mail reports in its Saturday edition that Raymond James analyst David Sadowski has elevated Fission Uranium to "outperform" from "market perform."
The Globe's David Leeder writes that Mr. Sadowski continues to target the shares at $1.30. Analysts on average target the shares at $1.84. Mr. Sadowski recommends building a position in Fission on "significant share price weakness."
He likes Denison Mines' proposal to acquire Fission in an all-share deal.
As well, Mr. Sadowski is keen on potential enhancements to Fission's flagship Pattern Lake South project.
Mr. Sadowski says his valuation of Fission is tied to the pending Denison deal, which is slated to close in September. "The share prices of Fission and Denison are down sharply since the transaction was announced (19 per cent and 27 per cent) due to a wide variety of factors, including amongst others, broader mining equity weakness and weaker market sentiment toward uranium industry equities.
We see the sell-off in Fission (and Denison) as overdone.
As we have stated in the past, we believe the combined, pro-forma entity, Denison Energy, will be the premier global uranium junior with three of the best assets anywhere in the world."
© 2015 Canjex Publishing Ltd. All rights reserved.
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Lurk & Learns (ONLY):
BWDIK? Are the naysayers going to accuse RJ's Sadowski of being a pumper too? As a third party independent making recommendations to fee paying clients he is subject to litigation similiar to those seen preiodically from Canjex Publishing on Canada Stockwatch.
DYODD - GLAP
Cheers
Stanley