Denison Mines (DML) AI Stock Analysis

• Market Cap: C$3.07B
• Dividend Yield: N/A
• Average Volume (3M): 3.09M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.48
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 65
• Sector: Energy
• Sector Strength: 52
• Industry: Uranium
• EPS (TTM): -0.15
• Shares Outstanding: 897,290,500
• 10 Day Avg. Volume: 2,996,122
• 30 Day Avg. Volume: 3,086,120
• PEG Ratio: 0.13
• Price to Book (P/B): 4.11
• Price to Sales (P/S): 575.89
• P/FCF Ratio: -48.19
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$4.47
• Price Target Upside: 30.60% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): -0.18
• Revenue Forecast (FY): C$7.59M

• Rating: 53 Neutral
• Price Target: C$4.00 ▲(16.96% Upside)

Denison Mines' overall stock score is primarily influenced by its financial struggles and valuation concerns, with ongoing losses and cash flow challenges. However, positive corporate events, including strategic agreements and project advancements, provide some optimism. Technical analysis indicates a neutral market position.

Positive Factors

Strong Equity Position

A strong equity position with no significant debt provides financial stability and reduces leverage risk, supporting long-term operational resilience.

High-Grade Uranium Projects

High-grade uranium projects, like Wheeler River, position Denison Mines to capitalize on increasing global demand for nuclear energy, enhancing future revenue potential.

Commitment to Sustainable Practices

Commitment to sustainability can improve community relations and regulatory compliance, supporting long-term project development and operational success.

Negative Factors

Profitability Challenges

Ongoing profitability challenges with negative margins hinder the company's ability to generate cash, impacting its capacity to fund future growth and operations.

Judicial Review Over Project Approval

The judicial review could delay the Wheeler River Project, affecting timelines and increasing costs, posing a risk to long-term project execution and revenue generation.

Volatile Revenue Trends

Volatile revenue trends indicate instability in income streams, complicating financial planning and potentially affecting long-term strategic investments.

Denison Mines Business Overview & Revenue Model

Company Description

Denison Mines Corp. (DML) is a Canadian uranium exploration and development company focused on the advancement of its high-quality uranium projects in the Athabasca Basin region of Saskatchewan, Canada. The company is engaged in the exploration, development, and production of uranium through its various mining and processing operations, with a strong emphasis on sustainability and responsible mining practices. Denison's core assets include the Wheeler River project, which is one of the largest undeveloped uranium projects in the basin, along with multiple other exploration projects.

How the Company Makes Money

Denison Mines primarily generates revenue through the exploration and eventual development of its uranium assets, with a specific focus on the Wheeler River project, which is expected to yield significant uranium production once operational. The company makes money by selling extracted uranium to utilities and other buyers in the nuclear energy sector, which are in need of fuel for their reactors. Additionally, Denison may also engage in joint ventures and partnerships with other mining companies, which can provide capital and resources for exploration and development, further enhancing its revenue potential. The company’s strategic positioning in the uranium market, particularly during periods of rising demand for nuclear energy, contributes to its earnings, along with potential revenue from strategic asset sales or equity investments in related projects.

Denison Mines Financial Statement Overview

Summary

Denison Mines is facing challenges with profitability and cash generation. Despite a strong equity position and low leverage, the company struggles with negative margins and cash flows, indicating operational inefficiencies and revenue instability.

Income Statement

Denison Mines has experienced volatile revenue trends, with significant fluctuations year-over-year. The gross profit margin is negative, indicating cost issues relative to revenue. Net profit margin is also negative, highlighting ongoing losses. Despite some revenue growth in the latest year, profitability remains a challenge with negative EBIT and EBITDA margins.

Balance Sheet

The balance sheet shows a strong equity position with a high equity ratio, suggesting a stable financial foundation. The company has no significant debt, reflected in a zero debt-to-equity ratio, reducing leverage risk. However, the negative return on equity indicates the company is not efficiently generating returns on its equity base.

Cash Flow

Cash flow analysis reveals challenges with negative operating and free cash flows, indicating difficulty in generating cash from core operations. The free cash flow to net income ratio is negative, as is the operating cash flow to net income ratio, signaling inefficiencies in cash generation relative to earnings. Despite this, the company has maintained liquidity with cash reserves.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.87M	4.02M	1.85M	8.97M	20.00M	14.42M
Gross Profit	-150.00K	-792.00K	-2.04M	3.62M	7.10M	3.83M
EBITDA	-182.34M	-81.81M	97.27M	18.81M	21.68M	-6.82M
Net Income	-195.50M	-91.12M	90.38M	14.35M	18.98M	-16.28M
Balance Sheet
Total Assets	1.11B	663.61M	726.60M	515.80M	510.28M	320.69M
Cash, Cash Equivalents and Short-Term Investments	482.80M	114.81M	141.45M	58.94M	78.44M	41.65M
Total Debt	294.83M	2.41M	417.00K	576.00K	508.00K	639.00K
Total Liabilities	704.27M	99.29M	84.82M	79.78M	113.59M	93.41M
Stockholders Equity	402.90M	564.32M	641.78M	436.02M	396.69M	227.28M
Cash Flow
Free Cash Flow	-89.32M	-48.07M	-33.90M	-35.01M	-22.48M	-13.76M
Operating Cash Flow	-67.73M	-40.38M	-30.67M	-28.14M	-21.25M	-13.48M
Investing Cash Flow	-43.80M	426.00K	-719.00K	-6.76M	-99.00M	305.00K
Financing Cash Flow	473.64M	15.15M	111.18M	20.96M	159.82M	30.51M

Denison Mines Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.42
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DML, the sentiment is Negative. The current price of 3.42 is below the 20-day moving average (MA) of 3.60, below the 50-day MA of 3.79, and above the 200-day MA of 2.86, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 41.60 is Neutral, neither overbought nor oversold. The STOCH value of 8.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:DML.

Denison Mines Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CCO	71 Outperform	C$50.96B	96.86	7.97%	0.21%	23.88%	350.69%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
DML	53 Neutral	C$3.07B	-16.23	-38.86%	―	―	―
NXE	53 Neutral	C$7.40B	-20.06	-30.71%	―	―	-308.46%
EU	52 Neutral	C$587.96M	-8.21	-19.80%	―	2.06%	13.58%
URC	47 Neutral	C$658.56M	1,461.76	0.20%	―	-0.90%	-93.94%
MGA	37 Underperform	C$143.02M	-11.66	-6.69%	―	―	-326.75%

Denison Mines Corporate Events

Denison Mines Secures Key Agreements with Métis Nation for Wheeler River Project

Denison Mines Corp. has signed an Impact Benefit Agreement and an Exploration Agreement with the Métis Nation–Saskatchewan and its local regions, ensuring their support for the Wheeler River Project. This agreement highlights Denison’s commitment to building a cooperative relationship with the Métis communities, promising economic opportunities and cultural benefits while emphasizing environmental stewardship and respect for Métis interests.

Denison Mines Secures Community Support with Nuhenéné Benefit Agreement

Denison Mines Corp. and the Ya’thi Néné Land and Resource Office have signed the Nuhenéné Benefit Agreement with three First Nations and four municipalities in northern Saskatchewan. This agreement marks a significant milestone for Denison, as it secures community consent and support for its uranium projects, including the Wheeler River Project, which is nearing final federal approval. The agreement emphasizes responsible development and offers tangible benefits such as job opportunities, training programs, and environmental monitoring, fostering long-term prosperity and collaboration with the Athabasca communities.

Denison Mines Expands Strategic Foothold with Skyharbour Agreement

Denison Mines Corp. has entered into an agreement with Skyharbour Resources to acquire interests in the Russell Lake Uranium Project, which is adjacent to Denison’s flagship Wheeler River Project. This transaction allows Denison to strengthen its regional presence and explore new opportunities through joint ventures, enhancing its strategic foothold in the Athabasca Basin. The agreement includes options for Denison to increase its ownership in certain joint ventures, supporting its long-term growth and exploration strategy. This move is expected to boost exploration activities and increase the likelihood of discovering valuable uranium deposits, benefiting both Denison and Skyharbour.

Denison Mines Reports Q3 2025 Results and Advances Key Uranium Projects

Denison Mines Corp. has reported its financial and operational results for the third quarter of 2025, highlighting the commencement of production at the McClean North uranium mine using the innovative SABRE mining method. The company has successfully extracted high-grade ore and produced a substantial amount of U3O8, demonstrating cost-effective operations. Additionally, Denison is progressing with the permitting and engineering phases of its Wheeler River project, anticipating regulatory approvals by early 2026. The company has also strengthened its financial position with a US$345 million convertible senior notes offering, ensuring robust capital for future developments. These strategic advancements position Denison to capitalize on the growing global demand for uranium driven by the increasing adoption of nuclear energy.

Denison Mines Faces Judicial Review Over Wheeler River Project Approval

Denison Mines Corp. is facing a judicial review application filed by the Peter Ballantyne Cree Nation (PBCN) against the Government of Saskatchewan and the company. The application challenges the provincial approval for Denison’s Wheeler River Project, citing insufficient consultation with PBCN. Denison maintains that it has engaged in extensive consultation efforts and plans to defend against the claims, emphasizing its commitment to incorporating Indigenous knowledge into project planning. The Wheeler River Project, hosting high-grade uranium deposits, is positioned as a competitive low-cost operation, with ongoing federal approval processes for its environmental assessment and construction license.

Denison Mines Expands Stake in Foremost Clean Energy

Denison Mines Corp. has increased its investment in Foremost Clean Energy Ltd. by acquiring an additional 485,000 common shares, bringing its total ownership to 19% of Foremost’s issued and outstanding shares. This strategic move aligns with Denison’s investment purposes and its rights under the Investor Rights Agreement with Foremost, potentially impacting its market positioning in the clean energy sector.