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Denison Mines Corp (DNN)



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Upturn Advisory Summary
08/29/2025: DNN (2-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $3.75
1 Year Target Price $3.75
5 | Strong Buy |
7 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 31.87% | Avg. Invested days 38 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.08B USD | Price to earnings Ratio - | 1Y Target Price 3.75 |
Price to earnings Ratio - | 1Y Target Price 3.75 | ||
Volume (30-day avg) 12 | Beta 1.87 | 52 Weeks Range 1.08 - 2.47 | Updated Date 08/30/2025 |
52 Weeks Range 1.08 - 2.47 | Updated Date 08/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.07 |
Earnings Date
Report Date 2025-08-08 | When - | Estimate -0.013 | Actual 0.0073 |
Profitability
Profit Margin - | Operating Margin (TTM) -1472.57% |
Management Effectiveness
Return on Assets (TTM) -6.79% | Return on Equity (TTM) -15.07% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 1953041750 | Price to Sales(TTM) 460.59 |
Enterprise Value 1953041750 | Price to Sales(TTM) 460.59 | ||
Enterprise Value to Revenue 596.06 | Enterprise Value to EBITDA 27.66 | Shares Outstanding 896553024 | Shares Floating 893657010 |
Shares Outstanding 896553024 | Shares Floating 893657010 | ||
Percent Insiders 0.3 | Percent Institutions 60.05 |
Upturn AI SWOT
Denison Mines Corp

Company Overview
History and Background
Denison Mines Corp. was founded in 1954. Initially focused on oil and gas, it transitioned to uranium mining in the Elliot Lake area of Ontario. It has evolved into a uranium exploration and development company with assets in the Athabasca Basin of Saskatchewan, Canada.
Core Business Areas
- Uranium Exploration and Development: Focuses on the exploration and development of uranium properties, primarily in the Athabasca Basin of Saskatchewan, Canada. This includes project evaluation, permitting, and technical studies.
- Uranium Mining: Denison does not currently operate any mines. They are focused on advancing the Wheeler River project towards production using the In-Situ Recovery (ISR) mining method.
- Uranium Processing: Owns the McClean Lake uranium mill, a key strategic asset in the Athabasca Basin. This mill is used to process uranium ore from various sources. Denison owns 22.5%.
Leadership and Structure
David Cates is the President and CEO. The company has a board of directors responsible for oversight and governance. The organizational structure includes departments for exploration, development, finance, and operations.
Top Products and Market Share
Key Offerings
- Uranium: Denison's primary product will be uranium concentrate (U3O8) once Wheeler River is in production. Market share data for future production is not yet available. Competitors include Cameco, Orano, and Kazatomprom.
- Milling Services: Denison processes uranium ore for other companies at the McClean Lake mill, generating revenue. Market share is dependent on the volume of ore processed annually. Competitors include Orano's mill operations.
Market Dynamics
Industry Overview
The uranium market is influenced by nuclear power demand, geopolitical factors, and mine supply. Demand is expected to increase with the growth of nuclear energy as a low-carbon energy source. The price of uranium fluctuates based on these factors.
Positioning
Denison Mines Corp is positioned as a uranium exploration and development company with a focus on in-situ recovery (ISR) mining. Its strategic assets in the Athabasca Basin and ownership stake in the McClean Lake mill provide a competitive advantage.
Total Addressable Market (TAM)
The total addressable market for uranium is difficult to precisely quantify but estimates range in the tens of billions annually, depending on price and demand. Denison is positioning itself to capture a significant portion of future supply. Wheeler River is a key asset in capturing this market.
Upturn SWOT Analysis
Strengths
- High-grade uranium deposits in the Athabasca Basin
- In-situ recovery (ISR) mining method potential (Wheeler River)
- Ownership stake in the McClean Lake uranium mill
- Experienced management team
Weaknesses
- Wheeler River project is not yet in production
- Reliance on uranium price fluctuations
- Permitting and regulatory hurdles
Opportunities
- Increasing demand for nuclear energy
- Rising uranium prices
- Potential for expansion of ISR mining
- Strategic partnerships and acquisitions
Threats
- Political and regulatory risks
- Environmental concerns
- Competition from other uranium producers
- Uranium price volatility
Competitors and Market Share
Key Competitors
- CCJ
- URNM
- UUUU
Competitive Landscape
Denison's competitive advantages include its high-grade uranium deposits and potential for ISR mining. Challenges include securing financing and navigating the regulatory environment. Denison is smaller than Cameco and Orano, but has a unique asset in Wheeler River.
Major Acquisitions
Fission Uranium Corp
- Year: 2016
- Acquisition Price (USD millions): 483
- Strategic Rationale: Denison attempted to purchase Fission to get access to their PLS deposit in the Athabasca Basin. The deal fell apart as CGN Mining ultimately acquired Fission.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is characterized by exploration activities and project development milestones.
Future Projections: Future growth is dependent on the successful development and operation of the Wheeler River project and uranium market conditions. Analysts expect increased revenue once the project is in production.
Recent Initiatives: Recent initiatives include advancing the Wheeler River project through the permitting process, exploration activities, and securing financing.
Summary
Denison Mines Corp is a uranium exploration and development company with promising assets, particularly the Wheeler River project. Its strategic focus on in-situ recovery (ISR) offers a potentially cost-effective mining method. However, the company faces challenges related to permitting, financing, and uranium price volatility. The success of Wheeler River will significantly impact the company's future performance.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Denison Mines Corp. Investor Relations
- Public Filings
- Industry Reports
- Analyst Reports
Disclaimers:
This analysis is based on publicly available information and analyst estimates. It is not financial advice, and investors should conduct their own due diligence before making investment decisions. Market share data is estimated and may not be precise.
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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