In a Sept. 6 research note, Joe Reagor, a ROTH Capital Partners analyst, reported Denison Mines Corp. (DML:TSX; DNN:NYSE.MKT) agreed to acquire Cameco's 24% interest in the Wheeler River uranium project for 24.6 million Denison shares. The shares were valued at $0.65 apiece, for a total of $16 million. That amount compares to $94 million, the difference between the values ROTH attributes to Denison's shares pre and post acquisition, $392.3 million and $486.4 million, respectively, Reagor pointed out. Because the Toronto-headquartered producer "paid a below market price," for the stake, noted Reagor, ROTH increased its target price on the company to US$1.20 per share from US$1.10. Denison is currently trading at around US$0.48 per share.