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Denison Mines Corp (DNN) Stock

Denison Mines Corp Stock Details, Movements and Public Alerts

Denison Mines Corp (DNN): Uranium Pure-Play Positioned for Nuclear Renaissance and Energy Security Boom

Under CEO David Cates' leadership since 2006, Denison Mines transformed from struggling explorer into a focused uranium development company with two world-class Canadian projects. The flagship Wheeler River project hosts 109 million pounds of indicated uranium reserves grading 19% U3O8—among the richest deposits globally—with innovative In-Situ Recovery (ISR) mining technology enabling low-cost, environmentally responsible extraction. Phoenix deposit (majority Denison-owned) contains additional 70 million pounds supporting near-term production optionality. Strategic uranium holdings acquired during the 2015-2020 bear market position Denison to capitalize on tightening supply-demand fundamentals: global reactor fleet expanding from 440 to 600+ units by 2040, uranium price recovering from $20 to $80+/pound, and Western governments prioritizing energy security post-Russia sanctions. Near-term environmental permitting milestones at Wheeler River represent binary catalysts that could unlock project value, though uranium price volatility, regulatory uncertainties, and project execution risks create significant downside scenarios for this speculative resource play.

52-Week Range

$3.42 - $1.08

-23.68% from high · +141.67% from low

Avg Daily Volume

49,926,004

20-day average

100-day avg: 74,690,268

Fundamentals

Valuation Metrics

P/E Ratio (TTM)

N/A

PEG Ratio

0.00

Potentially undervalued

Price to Book

8.48

EV/EBITDA

27.66

EPS (TTM)

-$0.16

Price to Sales

481.28

Beta

1.93

More volatile than market

How is DNN valued relative to its earnings and growth?
Valuation data is not available for this stock.
What is DNN's risk profile compared to the market?
With a beta of 1.93, Denison Mines Corp is significantly more volatile than the market. For every 10% market move, this stock tends to move 19% in the same direction. Higher beta stocks offer greater potential returns but with increased risk. The price-to-book ratio of 8.48 shows investors value the company above its book value, which often reflects intangible assets or growth prospects.

Performance & Growth

Profit Margin

0.00%

Operating Margin

-2115.00%

EBITDA

$-65,501,000

Return on Equity

-39.60%

Return on Assets

-5.49%

Revenue Growth (YoY)

50.40%

Earnings Growth (YoY)

0.00%

How profitable and efficient is DNN's business model?
0 The operating margin of -2115.00% reveals how efficiently the company runs its core business operations before interest and taxes. With ROE at -39.60% and ROA at -5.49%, the company achieves moderate returns on invested capital.
What are DNN's recent growth trends?
Denison Mines Corp's revenue grew by 50.40% year-over-year, representing robust expansion that significantly outpaces typical market growth rates. This strong top-line performance suggests the company is successfully capturing market share or benefiting from favorable industry trends.0 These growth metrics should be evaluated against URANIUM industry averages for proper context.

Company Size & Market

Market Cap

$2.3B

Revenue (TTM)

$4.87M

Revenue/Share (TTM)

$0.01

Shares Outstanding

897.29M

Book Value/Share

$0.33

Asset Type

Common Stock

What is DNN's market capitalization and position?
Denison Mines Corp has a market capitalization of $2.3B, classifying it as a mid-cap stock ($2B-$10B). Mid-caps often represent companies in their growth phase, offering higher growth potential than large-caps but with more stability than small-caps. They can be attractive takeover targets and may become tomorrow's large-caps. With 897.29M shares outstanding, the company's ownership is relatively concentrated. As a participant in the URANIUM industry, it competes with other firms in this sector.
How does DNN's price compare to its book value?
Denison Mines Corp's book value per share is $0.33, while the current stock price is $2.61, resulting in a price-to-book (P/B) ratio of 8.01. This high P/B ratio indicates significant intangible assets, strong brand value, or high growth expectations. Technology and consumer brand companies often trade at elevated P/B ratios due to intellectual property and competitive advantages not reflected on the balance sheet. As a common stock, this represents equity ownership with voting rights.

Analyst Ratings

Analyst Target Price

$3.83

46.67% upside potential

Analyst Recommendations

Strong Buy

5

Buy

8

Hold

0

Sell

0

Strong Sell

0

How reliable are analyst predictions for DNN?
13 analysts cover DNN with 100% recommending buy/strong buy ratings. Analyst predictions have mixed reliability - studies show consensus rarely beats market returns consistently. The strong bullish consensus may already be priced in. The consensus target of $3.83 implies 46.7% upside, but targets are often adjusted to follow price moves rather than predict them.
What is the Wall Street consensus on DNN?
Current analyst recommendations:5 Strong Buy, 8 Buy, 000The bullish tilt suggests optimism about future prospects, though investors should conduct independent research.Remember that analyst opinions often lag price movements and can be influenced by investment banking relationships.

Fundamentals last updated: Dec 14, 2025, 02:05 AM

Technical Indicators

RSI (14-day)

48.31

Neutral

50-Day Moving Average

$2.73

-4.40% below MA-50

200-Day Moving Average

$2.04

27.94% above MA-200

MACD Line

0.02

MACD Signal

-0.01

MACD Histogram

0.02

Bullish

What does DNN's RSI value tell investors?
The RSI (Relative Strength Index) for DNN is currently 48.31, indicating the stock is in neutral territory (40-60 range). Neither buyers nor sellers have clear control, suggesting consolidation or balanced market forces. Combined with the price being below the 50-day moving average, this confirms bearish conditions.
How should traders interpret DNN's MACD and moving average crossovers?
MACD analysis shows the MACD line at 0.02 above the signal line at -0.01, with histogram at 0.02. This bullish crossover suggests upward momentum is building. The narrow histogram suggests a potential trend change ahead. The 50-day MA ($2.73) is above the 200-day MA ($2.04), forming a golden cross pattern that typically signals a long-term uptrend. Price is currently between the MAs, suggesting transition.

Indicators last updated: Dec 15, 2025, 12:42 AM

Active Alerts

Alert Condition
Price falls below
Threshold
$1.99
Created
Dec 9, 2025, 03:39 PM

Denison Mines Corp (DNN) Stock Analysis 2025: Complete Investment Guide

When Russia's invasion of Ukraine triggered Western sanctions on Russian uranium in 2022, global nuclear fuel markets faced unprecedented supply shock. For David Cates and Denison Mines, this validated years of patient capital deployment building Canadian uranium assets while competitors exited the sector. With Kazakhstan (Russia-aligned) and Niger (political instability) representing 60% of global uranium production, Western utilities scrambling to secure non-Russian supply created multi-year contracting tailwinds. Investors seeking leveraged exposure to nuclear power's renaissance—driven by AI data center electricity demands, climate policy supporting baseload carbon-free power, and geopolitical energy security—find concentrated bet in Denison's high-grade Canadian deposits, though speculative nature requires appropriate risk tolerance.

Business Model & Competitive Moat

Denison operates as a uranium development company focused on advancing Wheeler River (90% owned) and Phoenix (66% owned, partnered with Cameco) projects toward production decisions. Unlike producing miners generating revenue today, Denison's business model centers on de-risking deposits through permitting, engineering studies, and pilot testing to prove technical/economic viability. The company's competitive advantages include Athabasca Basin location (world's highest uranium grades reducing extraction costs), In-Situ Recovery technology (injecting solution underground to dissolve uranium, avoiding open-pit/underground mining's environmental footprint), and management team's deep technical expertise navigating complex Canadian regulatory processes. Denison also maintains 22% ownership in UPC (Uranium Participation Corporation), providing portfolio diversification and physical uranium price exposure. The business model's primary risk: projects may never reach production if uranium prices decline, permitting fails, or capital requirements exceed financing capacity.

Financial Performance

  • •Revenue: Minimal operating revenue as pre-production development company (evaluation services ~$5M annually)
  • •Cash Position: C$130 million cash providing 3-4 year runway to advance Wheeler River permitting
  • •Burn Rate: C$30-40 million annually on exploration, engineering, and environmental studies
  • •Market Cap: ~C$1 billion reflecting speculative value on future production scenarios
  • •Resource Base: 179 million pounds total resources (Wheeler River + Phoenix) at exceptional grades

Growth Catalysts

  • •Uranium Price Strength: Spot uranium $80/lb vs. $50 incentive price for new mines, supporting project economics
  • •Nuclear Renaissance: 60+ reactors under construction globally, Small Modular Reactors (SMRs) adding incremental demand
  • •Wheeler River Permitting: Federal/provincial approvals expected 2025-2026, unlocking construction decision
  • •Supply Deficit: Global production ~140M lb/year vs. demand ~180M lb, widening through 2030
  • •Western Supply Security: Governments incentivizing domestic uranium to reduce Russia/Kazakhstan dependence

Risks & Challenges

  • •Uranium Price Volatility: Commodity cycles could push prices below $50/lb, rendering projects uneconomic
  • •Permitting Risk: Environmental approvals uncertain—Indigenous consultation, ecological concerns could delay/deny permits
  • •Capital Requirements: Wheeler River construction ~C$1B+ necessitating dilutive equity raises or debt financing
  • •Technology Risk: ISR mining unproven at Wheeler River's scale—pilot testing could reveal technical challenges
  • •Development Timeline: Even with permits, 3-5 year construction means revenue remains years away

Competitive Landscape

Denison competes in the Athabasca Basin with Cameco (world's largest publicly-traded uranium producer), Orano (French state-owned), and junior developers like NexGen Energy and Fission Uranium. Cameco's McArthur River and Cigar Lake mines represent incumbent competition with established infrastructure and regulatory relationships, though Denison's ISR technology offers potentially lower operating costs and faster permitting. NexGen's Arrow deposit contains larger resources (280M+ pounds) but lower grades, creating different economic profiles. The competitive dynamic increasingly favors politically stable jurisdictions (Canada, Australia) versus Kazakhstan/Niger given geopolitical supply concerns. Denison's partnership with Cameco on Phoenix provides strategic optionality—Cameco's experience navigating Athabasca operations derisks development while preserving Denison's upside participation.

Who Is This Stock Suitable For?

Perfect For

  • ✓Speculative investors with high risk tolerance seeking uranium/nuclear energy exposure
  • ✓Commodity-focused portfolios betting on supply-demand imbalances in critical minerals
  • ✓Thematic investors playing long-term decarbonization and nuclear power renaissance
  • ✓Small-cap growth investors comfortable with binary permitting/development outcomes

Less Suitable For

  • ✗Income investors (no revenue, no dividends, cash-burning operations)
  • ✗Conservative portfolios requiring near-term profitability and cash flow
  • ✗ESG-focused investors with nuclear/uranium extraction concerns
  • ✗Investors needing liquidity (microcap with lower trading volumes, higher volatility)

Investment Thesis

Denison Mines merits a SPECULATIVE BUY rating exclusively for commodity investors with uranium conviction and appropriate risk tolerance. The bull case requires three conditions: (1) uranium prices sustaining $70+/lb supporting Wheeler River economics, (2) successful permitting through Canadian regulatory process, (3) ability to finance construction without excessive shareholder dilution. If all three occur, Denison's C$1B market cap appears undervalued relative to Phoenix and Wheeler River's combined 179 million pounds of high-grade resources. David Cates' long-tenured leadership provides operational continuity, while ISR technology differentiation offers competitive advantage. However, investors must acknowledge extreme binary risk—permitting failure or uranium price collapse to $40/lb would impair value dramatically. This is venture capital-style investing within public markets: accept potential total loss in exchange for 3-5x upside if nuclear renaissance thesis plays out. Position sizing critical—limit to 2-3% of portfolio given speculative nature.

Conclusion

Position Denison as 2-3% allocation in commodity/speculation sleeves for investors with uranium thesis conviction. The stock will trade with extreme volatility correlated to uranium spot prices and permitting milestones—expect 50%+ swings in either direction. Consider establishing positions during uranium bear market troughs (spot below $65/lb) when pessimism creates entry opportunities, maintaining discipline through development timeline (likely 2027-2030 for Wheeler River production start). Trim on euphoric runs above C$2.50 absent fundamental improvements in permitting or project economics. This is not buy-and-hold investment but rather tactical exposure to nuclear energy megatrend with inherent commodity cycle and execution risks.
Bull Case
C$3.50 (200% upside)
Base Case
C$1.60 (37% upside)
Bear Case
C$0.50 (57% downside)

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