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Denison Mines Corp (DNN)

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Upturn Advisory Summary
12/26/2025: DNN (4-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $3.86
1 Year Target Price $3.86
| 5 | Strong Buy |
| 7 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 48.07% | Avg. Invested days 39 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.41B USD | Price to earnings Ratio - | 1Y Target Price 3.86 |
Price to earnings Ratio - | 1Y Target Price 3.86 | ||
Volume (30-day avg) 12 | Beta 1.93 | 52 Weeks Range 1.08 - 3.42 | Updated Date 12/28/2025 |
52 Weeks Range 1.08 - 3.42 | Updated Date 12/28/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.16 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -2115.12% |
Management Effectiveness
Return on Assets (TTM) -5.49% | Return on Equity (TTM) -39.58% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 2340780579 | Price to Sales(TTM) 496.04 |
Enterprise Value 2340780579 | Price to Sales(TTM) 496.04 | ||
Enterprise Value to Revenue 658.4 | Enterprise Value to EBITDA 27.66 | Shares Outstanding 897290541 | Shares Floating 894392293 |
Shares Outstanding 897290541 | Shares Floating 894392293 | ||
Percent Insiders 0.3 | Percent Institutions 66.03 |
Upturn AI SWOT
Denison Mines Corp

Company Overview
History and Background
Denison Mines Corp. was founded in 1996. It is a uranium exploration and development company focused on the Athabasca Basin in Saskatchewan, Canada. A significant milestone was the acquisition of Hathor Exploration Ltd. in 2012, which bolstered its position in the Athabasca Basin. The company has evolved from a junior explorer to a prominent player in the high-grade uranium sector, with a strategic focus on advancing its flagship Phoenix Project.
Core Business Areas
- Uranium Exploration and Development: Denison Mines Corp.'s primary business is the exploration for, and development of, uranium deposits. Its main focus is on the Athabasca Basin, known for its high-grade uranium mineralization. The company's flagship asset is the 90% owned Phoenix Project, which is currently in advanced feasibility study stages.
- Mineral Property Holdings: Denison holds a significant portfolio of mineral properties in the Athabasca Basin, including exploration and development projects that could contribute to future uranium production.
Leadership and Structure
Denison Mines Corp. is led by a management team with extensive experience in the mining industry. The company operates under a Board of Directors responsible for governance and strategic oversight. Its organizational structure is geared towards project development and exploration activities.
Top Products and Market Share
Key Offerings
- Uranium (U3O8): Denison's primary 'product' is uranium, specifically U3O8, which is the standard saleable product of uranium mines. The company is focused on developing its projects to produce this commodity. Market share for Denison is not directly calculable as it is not currently a producer, but it aims to be a significant contributor to the global uranium supply. Key competitors in the uranium production space include Cameco Corporation, Kazatomprom, and Orano.
Market Dynamics
Industry Overview
The global uranium industry is driven by the demand for nuclear power generation. Recent geopolitical events and a growing emphasis on decarbonization have led to renewed interest in nuclear energy, potentially increasing demand for uranium. However, the industry is cyclical and subject to fluctuations in commodity prices and government policies related to nuclear energy.
Positioning
Denison Mines Corp. is positioned as a developer of high-grade uranium resources in the world-renowned Athabasca Basin. Its competitive advantages include its significant land holdings in this prolific basin, its advanced-stage Phoenix Project, and its experienced management team. The company's focus on a low-cost, environmentally responsible mining method (in-situ recovery for its projects) is also a potential advantage.
Total Addressable Market (TAM)
The total addressable market for uranium is driven by global nuclear power capacity. As of 2023, there are approximately 440 operational nuclear reactors globally, with many more under construction or planned. The market value is substantial and directly tied to the price of uranium. Denison is positioning itself to capture a portion of this market as it brings its projects into production.
Upturn SWOT Analysis
Strengths
- Significant land package in the high-grade Athabasca Basin.
- Advanced-stage Phoenix Project with high-grade uranium mineralization.
- Experienced management team with a strong track record in uranium exploration and development.
- Focus on in-situ recovery (ISR) mining method, which can be cost-effective and environmentally friendly.
- Strong relationships within the Canadian uranium mining community.
Weaknesses
- Not currently a producing company, thus reliant on future development for revenue.
- Subject to significant capital requirements for project development and construction.
- Vulnerability to fluctuations in uranium prices.
- Permitting and regulatory hurdles associated with mining projects.
- Dependence on external financing for ongoing operations and development.
Opportunities
- Increasing global demand for uranium driven by decarbonization efforts and new nuclear reactor builds.
- Potential for significant discoveries on its extensive land holdings.
- Strategic partnerships or joint ventures to accelerate project development.
- Advancements in mining technology that could further optimize ISR operations.
- Favorable market conditions for high-grade uranium deposits.
Threats
- Prolonged periods of low uranium prices impacting profitability and financing.
- Regulatory changes or delays in permitting processes.
- Competition from other uranium producers and exploration companies.
- Geopolitical instability affecting global energy markets and nuclear policy.
- Environmental concerns and public perception surrounding nuclear energy and mining.
Competitors and Market Share
Key Competitors
- Cameco Corporation (CCJ)
- Uranium Energy Corp. (UEC)
- NexGen Energy Ltd. (NXE)
Competitive Landscape
Denison's advantage lies in its focus on high-grade deposits within the Athabasca Basin and its advanced Phoenix Project. However, competitors like Cameco are established producers with significant existing infrastructure and production capacity. Uranium Energy Corp. and NexGen Energy Ltd. are also actively developing projects in North America, presenting direct competition for capital and market attention. Denison's ability to execute its development plans efficiently and secure favorable off-take agreements will be crucial.
Growth Trajectory and Initiatives
Historical Growth: Denison's historical growth has been characterized by strategic acquisitions of prospective land packages, successful exploration programs leading to the discovery and delineation of significant uranium resources, and advancements in project development studies, particularly for the Phoenix Project. The company has grown its resource base and moved closer to potential production.
Future Projections: Future growth projections are contingent on the successful completion of feasibility studies, securing of project financing, obtaining all necessary permits, and ultimately, bringing the Phoenix Project into commercial production. Analyst estimates will focus on potential future production volumes, operating costs, and the impact of uranium price forecasts on the project's economics.
Recent Initiatives: Recent initiatives include ongoing drilling programs at the Phoenix Project to expand resources and optimize mining plans, progress on environmental assessments and permitting, and strategic financing rounds to fund ongoing development activities.
Summary
Denison Mines Corp. is a promising uranium developer focused on high-grade assets in the Athabasca Basin. Its strengths lie in its advanced Phoenix Project and extensive land holdings. However, as a pre-production company, it faces significant capital needs and market price volatility. Success hinges on efficient project development, securing financing, and navigating regulatory hurdles. The company's future hinges on its ability to transition from exploration to profitable production in a recovering uranium market.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations Materials
- Financial News Outlets (e.g., Bloomberg, Reuters)
- Industry Analysis Reports
- SEC Filings (EDGAR)
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Financial data and market information are subject to change. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Denison Mines Corp
Exchange NYSE MKT | Headquaters Toronto, ON, Canada | ||
IPO Launch date 1997-05-16 | President, CEO & Director Mr. David Daniel Cates C.A., C.P.A., MAcc | ||
Sector Energy | Industry Uranium | Full time employees - | Website https://denisonmines.com |
Full time employees - | Website https://denisonmines.com | ||
Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. It holds 95% interest in its flagship project Wheeler River uranium project located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp. in December 2006. Denison Mines Corp. was founded in 1954 and is headquartered in Toronto, Canada.

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