Denison Mines Corp. (DNN) AI Stock Analysis

Denison Mines Corp. operates as a Canadian company focused on uranium exploration, development, and extraction. The company acquires, explores, develops, processes, and sells uranium properties across Canada. Its flagship asset is the Wheeler River uranium project, in which it holds a 95% interest, situated in the Athabasca Basin region of northern Saskatchewan. Founded in 1997 as International Uranium Corporation and rebranded in December 2006, the Toronto-based company advances uranium assets to supply fuel for nuclear power generation, supporting global energy security and clean energy initiatives.

Revenue for Denison Mines fluctuated significantly from $20.0M in FY2021 to $9.0M in FY2022 and $1.9M in FY2023, before rising to $4.0M in FY2024 and $4.9M in FY2025. Over the five years from FY2020 to FY2025, revenue posted a compound annual growth rate of -19.4%. Operating margin remained negative across the period, finishing at -1748.4% in FY2025. Net income dropped from $19.0M in FY2021 and $90.4M in FY2023 to -$91.1M in FY2024 and -$217.3M in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue fell 43.6% year-over-year, while quarterly earnings grew 182.8%.

As of June 30, 2026, Denison Mines held $549.9M in cash and short-term investments and $687.6M in total debt, resulting in net debt of $137.7M. Total assets stood at $1.11B against shareholders' equity of $289.0M, generating a debt-to-equity ratio of 2.38 and a current ratio of 9.41. In FY2025, operating cash flow was -$68.1M and free cash flow was -$118.5M. The company spent $50.5M on capital expenditures and raised $15.8M through share issuance.

Denison Mines trades at a forward P/E of 188.7x and an enterprise value to EBITDA of 27.7x, compared to medians of 12.7x and 8.0x for its US-listed Energy peers. Its price-to-sales ratio is 504.3x, well above the peer median of 1.8x. Over the past year, the stock declined 26.2% and is down 14.3% year-to-date, trailing the S&P 500 (SPY) one-year return of 16.8%. Over five years, the stock gained 38.2% versus 83.0% for the S&P 500.

Analyst coverage includes 5 Strong Buy and 7 Buy recommendations, with no Hold, Sell, or Strong Sell ratings. The mean price target of $4.68 implies an upside of 105.3% over the last close of $2.28. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $20.7M and an EPS of -$0.11. For the following fiscal year, 7 analysts project revenue of $28.7M and EPS of -$0.06. Denison beat EPS estimates in 1 of the last 4 quarters, with next earnings scheduled for November 5, 2026.

This page is an AI-written research summary of Denison Mines Corp. (DNN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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