DNN
Denison Mines Corp.

Denison Mines Corp.DNN

Energy · Uranium
2.19USD
+6.31%
Nov 08, 2026
DNN overview ready
Developer of Canadian uranium supply for Western nuclear utilities
Denison is a pre-production uranium developer transitioning its flagship Phoenix deposit at the Wheeler River project in Saskatchewan from permitting and early works into full-scale ISR mine construction.
Primary theme is lagging
Nuclear / Uranium is lagging (-13.7pp vs SPY over 21 sessions; 2 of 14 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Fundamentals under pressure
Ev / sales is weak.
Primary risk
Permitting delays or failures.
Market Nov 6Price action Nov 7Research Oct 5

Conviction Level

PriceAction5.4BusinessPerformance—BusinessQuality—Valuation0.3ThemeMomentum1.0Business Performance not yet available.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−13.7pp
Theme return
−18.6%
Beating SPY
2 of 14
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$2.0B
Avg Volume (60D)
27.0M
60 sessions
Revenue Growth YoY
-15.1%
Trailing twelve months
Distance from 200DMA
-33.3%
EV / Sales
703.6x
Market metrics as of Nov 7, 2026

Business Performance

Business Quality

Not assessed

Not assessed — the company files under a regime the financial record does not cover yet.

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
Denison is a pre-production uranium developer transitioning its flagship Phoenix deposit at the Wheeler River project in Saskatchewan from permitting and early works into full-scale ISR mine construction.
Opportunity
High opportunity
Development and construction of new Canadian and U.S. Uranium-mining capacity to supply utilities seeking secure, non-Russian nuclear-fuel feedstock.
Key risk
Permitting delays or failures.

Economic classification

Loading the economic classification…

Business & Markets

Energy · Uranium
What they do

Denison Mines Corp. acquires, explores, and develops uranium-bearing properties primarily in Canada, focusing on advancing its flagship Wheeler River uranium project towards production.

How it earns

Project-based revenue generation upon uranium mine development and future uranium sales.

Products & services
Uranium exploration
Uranium mine development
Customers & end markets
Nuclear utilities
Uranium fuel suppliers
Market position

Niche pre-production uranium developer with a significant asset in the Athabasca Basin.

Demand drivers
High cyclicality

Uranium mining is highly cyclical, driven by nuclear fuel demand and commodity price fluctuations.

Related companies

Finding other covered companies in the same part of this story…