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Denison Mines Corp (DNN)



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Upturn Advisory Summary
02/07/2025: DNN (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -22.18% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.56B USD | Price to earnings Ratio - | 1Y Target Price 4.3 |
Price to earnings Ratio - | 1Y Target Price 4.3 | ||
Volume (30-day avg) 33584949 | Beta 1.88 | 52 Weeks Range 1.40 - 2.47 | Updated Date 02/12/2025 |
52 Weeks Range 1.40 - 2.47 | Updated Date 02/12/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.02 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -2269.5% |
Management Effectiveness
Return on Assets (TTM) -5.52% | Return on Equity (TTM) -4.91% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 1457779582 | Price to Sales(TTM) 395.96 |
Enterprise Value 1457779582 | Price to Sales(TTM) 395.96 | ||
Enterprise Value to Revenue 545.69 | Enterprise Value to EBITDA 27.66 | Shares Outstanding 892617984 | Shares Floating 889609479 |
Shares Outstanding 892617984 | Shares Floating 889609479 | ||
Percent Insiders 0.32 | Percent Institutions 51.08 |
AI Summary
Denison Mines Corp. (DML) Stock Analysis
Company Profile:
History and Background:
Denison Mines Corp. (DML) is a Canadian uranium exploration and development company established in 1992. It is headquartered in Toronto, Canada, with operations primarily focused in Saskatchewan, Canada.
Core Business Areas:
- Uranium exploration and development: DML's primary focus is discovering and developing uranium deposits, primarily in the Athabasca Basin region of Saskatchewan.
- Uranium project ownership: DML holds ownership interests in multiple uranium projects, including the flagship Wheeler River project, the Gryphon project, and the J-Zone area of the Phoenix deposit.
Leadership and Corporate Structure:
- President & CEO: David Cates
- COO: Andrew Yurkiw
- CFO: David Smith
- Board of Directors: Composed of industry experts with extensive experience in mining, finance, and law.
Top Products and Market Share:
Products:
- Primarily uranium deposits in various stages of exploration and development.
- Potential for future production and sale of uranium concentrate.
Market Share:
- DML does not currently produce uranium, so it does not have a direct market share.
- The company's exploration projects have the potential to contribute to future uranium supply.
Product Performance and Market Reception:
- DML's projects are still in the exploration and development phase, so there is no product performance data available yet.
- The company's projects are located in a favorable jurisdiction with strong potential for uranium discoveries.
Total Addressable Market:
The global uranium market is estimated to be worth over $20 billion annually. The demand for uranium is expected to grow in the coming years due to the increasing demand for nuclear power as a clean energy source.
Financial Performance:
Recent Financial Statements:
- Revenue: Primarily generated through exploration and development activities, with limited revenue from project partnerships.
- Net Income: Fluctuates due to exploration expenses and project development costs.
- Profit Margins: Generally low due to the early stage of project development.
- Earnings per Share (EPS): Varies significantly year-to-year.
Year-over-Year Comparison:
Financial performance can vary significantly year-over-year due to fluctuations in exploration and development costs, project partnership income, and uranium market prices.
Cash Flow and Balance Sheet:
Cash flow is primarily used for ongoing exploration and development activities. The balance sheet reflects the company's investments in exploration projects and its financial resources.
Dividends and Shareholder Returns:
Dividend History: DML does not currently pay dividends.
Shareholder Returns: Shareholder returns have been volatile due to fluctuations in the company's stock price.
Growth Trajectory:
Historical Growth: DML has experienced growth in its resource base and project development activities.
Future Growth Projections: Future growth will depend on the success of exploration and development activities, partnerships, and uranium market conditions.
Recent Initiatives: DML is actively exploring and developing its uranium projects, seeking new partnerships, and evaluating potential acquisitions.
Market Dynamics:
Industry Trends: The uranium market is experiencing increased demand due to the growing need for clean energy sources. However, the industry is also facing challenges such as political instability, environmental concerns, and competition from other energy sources.
Denison's Positioning: DML holds a strong position in the Athabasca Basin, a world-class uranium mining region. The company's focus on exploration and development positions it for future growth in the uranium market.
Competitors:
Key Competitors: Cameco Corporation (CCJ), Uranium Energy Corp. (UEC), NexGen Energy Ltd. (NXE), Paladin Energy Ltd. (PDN), and Energy Fuels Inc. (UUUU).
Market Share Comparison: DML is a relatively small player in the uranium market compared to larger competitors like Cameco and Uranium Energy Corp.
Competitive Advantages: DML has a strong land position in the Athabasca Basin and a team with extensive uranium exploration and development experience.
Challenges and Opportunities:
Key Challenges: Exploration and development risks, volatile uranium prices, competition, and regulatory hurdles.
Opportunities: Increasing demand for uranium, potential new partnerships, and discoveries of new uranium deposits.
Recent Acquisitions (2020-2023):
- Hathor Exploration Limited (2023): Acquired for C$23.8 million, adding the Roughrider uranium deposit to DML's portfolio. This acquisition expands DML's presence in the Athabasca Basin and provides access to additional high-grade uranium resources.
- Midwest Uranium Inc. (2023): Acquired for C$10 million, granting DML additional exploration ground in the Athabasca Basin. This acquisition strengthens DML's position in the region and provides potential for further uranium discoveries.
- JCU Exploration Company (2020): Acquired for C$21.5 million, adding the Phoenix uranium deposit to DML's portfolio. This acquisition diversified DML's asset base and provided access to a significant uranium resource.
AI-Based Fundamental Rating:
Rating: 7/10
Justification: DML has a strong land position, a team with extensive uranium experience, and growth potential in a growing uranium market. However, the company faces exploration and development risks, volatile uranium prices, and competition.
Sources and Disclaimers:
Sources:
- Denison Mines Corp. website
- SEDAR filings
- Reuters
- MarketWatch
- Financial Times
Disclaimer:
This analysis is for informational purposes only and should not be considered investment advice. Investing in stocks involves risks, and you should carefully consider your financial situation and investment goals before making any investment decisions.
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. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares 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 incorporated in 1936 and is headquartered in Toronto, Canada.
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