DNN
Denison Mines Corp.

Denison Mines Corp.DNN

Energy · Uranium
2.93USD
+1.38%
Sep 23, 2026
DNN overview ready
Permitted Canadian ISR Uranium Mine Developer Advancing North American Supply
Direct uranium-supply developer progressing a permitted Canadian ISR mine toward production; its value is highly geared to uranium contracting, uranium prices, construction execution, and the need for secure Western feedstock.
Strong narrative exposure
Exposed to the Nuclear Fuel Cycle Rebuild narrative through North American Uranium Mine Development — pure play.
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Valuation not measured
Fundamentals under pressure
Ev / sales is weak.
Primary risk
Volatility in uranium prices.
Market Sep 22Price action Sep 22Research Sep 1

Conviction Level

NarrativeHeat7.0ThemeHeat6.5PriceAction3.4Valuation0.3CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$2.6B
Avg Volume (60D)
24.9M
60 sessions
Revenue Growth YoY
-8.2%
Trailing twelve months
Distance from 200DMA
-13.6%
Next Earnings
2026-11-03
EV / Sales
903.2x
Market metrics as of Sep 22, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is expensive.
Denison Mines Corp. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces.

Company Research

Thesis
Direct uranium-supply developer progressing a permitted Canadian ISR mine toward production; its value is highly geared to uranium contracting, uranium prices, construction execution, and the need for secure Western feedstock.
Opportunity
High opportunity
Development, permitting, construction, and restart of North American uranium mines needed to expand reliable non-Russian primary uranium supply for utilities and strategic fuel-security programs.
Key risk
Volatility in uranium prices.

Narrative & Theme

Nuclear Fuel Cycle Rebuild
Part of North American Uranium Mine Development, with strong fit.
DNN is a genuine, high-beta direct beneficiary of the nuclear-fuel-supply rebuild rather than a generic clean-energy adjacency.
Narrative HeatHeating up7.0 / 10
Theme HeatNeutral6.5 / 10

Business & Markets

Energy · Uranium
What they do

Denison Mines Corp. acquires, explores, and develops uranium-bearing properties primarily in Canada, focusing on its flagship Wheeler River uranium project in the Athabasca Basin.

How it earns

The company generates revenue through the sale of uranium extracted from its mining projects.

Products & services
Uranium exploration
Uranium development
Customers & end markets
Nuclear power utilities
Energy sector companies
Market position

Denison Mines is a niche player focused on uranium exploration and development in a key Canadian mining region.

Demand drivers
High cyclicality

Uranium prices and demand are highly cyclical, influenced by global energy policies and nuclear power demand.

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