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Denison Mines
(TSX:DML)
Denison Mines (DML) vs. iShares MSCI Canada ETF (EWC)
Denison Mines Business Overview & Revenue Model
Denison Mines Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.52M | 4.02M | 1.85M | 8.97M | 20.00M | 14.42M |
| Gross Profit | -321.00K | -792.00K | -2.04M | 3.62M | 7.10M | 3.83M |
| EBITDA | -81.08M | -81.81M | 97.27M | 18.81M | 21.68M | -6.82M |
| Net Income | -86.31M | -91.12M | 90.38M | 14.35M | 18.98M | -16.28M |
Balance Sheet | ||||||
| Total Assets | 626.88M | 663.61M | 726.60M | 515.80M | 510.28M | 320.69M |
| Cash, Cash Equivalents and Short-Term Investments | 94.22M | 114.81M | 141.45M | 58.94M | 78.44M | 41.65M |
| Total Debt | 0.00 | 2.41M | 417.00K | 576.00K | 508.00K | 615.00K |
| Total Liabilities | 91.03M | 99.29M | 84.82M | 79.78M | 113.59M | 93.41M |
| Stockholders Equity | 535.86M | 564.32M | 641.78M | 436.02M | 396.69M | 227.28M |
Cash Flow | ||||||
| Free Cash Flow | -76.21M | -48.07M | -33.90M | -35.01M | -22.48M | -13.76M |
| Operating Cash Flow | -60.25M | -40.38M | -30.67M | -28.14M | -21.25M | -13.48M |
| Investing Cash Flow | -20.03M | 426.00K | -719.00K | -6.76M | -99.00M | 305.00K |
| Financing Cash Flow | 13.86M | 15.15M | 111.18M | 20.96M | 159.82M | 30.51M |
Denison Mines Technical Analysis
Denison Mines Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $56.35B | 107.12 | 7.97% | 0.12% | 23.88% | 350.69% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
54 Neutral | $737.68M | -358.44 | -0.66% | ― | 14.29% | -116.45% | |
53 Neutral | $7.58B | -35.87 | -30.71% | ― | ― | -308.46% | |
51 Neutral | $3.24B | ― | -14.63% | ― | ― | ― | |
41 Neutral | C$707.26M | -7.89 | -22.78% | ― | 29.59% | -86.53% | |
37 Underperform | $148.66M | -11.10 | -6.69% | ― | ― | -326.75% |
Denison Mines Corporate Events
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.
The most recent analyst rating on (TSE:DML) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Denison Mines stock, see the TSE:DML Stock Forecast page.
Denison Mines Corp. has voluntarily filed a technical report titled ‘Preliminary Economic Assessment for the Midwest Property, Northern Saskatchewan, Canada, Using the In-Situ Recovery Mining Method,’ effective August 6, 2025. This report, which is not related to a property material to the company, was submitted in accordance with section 4.2(12) of Companion Policy 43-101CP to National Instrument 43-101, highlighting Denison’s commitment to transparency and innovation in mining practices.
The most recent analyst rating on (TSE:DML) stock is a Buy with a C$4.35 price target. To see the full list of analyst forecasts on Denison Mines stock, see the TSE:DML Stock Forecast page.
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.
The most recent analyst rating on (TSE:DML) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Denison Mines stock, see the TSE:DML Stock Forecast page.
Denison Mines Corp. has successfully closed a US$345 million offering of convertible senior unsecured notes due in 2031, which includes an upsized offering and an option exercise. This financial move is expected to save the company over US$100 million in interest payments compared to traditional debt financing. The proceeds will bolster Denison’s financial position, enabling it to make a final investment decision and commence construction on its Phoenix In-Situ Recovery uranium mine, pending regulatory approvals. The innovative structure of the notes, including a capped call overlay, helps mitigate potential equity dilution and increases the effective conversion price, providing financial flexibility and strategic advantage.
The most recent analyst rating on (TSE:DML) stock is a Buy with a C$2.75 price target. To see the full list of analyst forecasts on Denison Mines stock, see the TSE:DML Stock Forecast page.
Denison Mines Corp. has announced the upsizing and pricing of its US$300 million convertible senior notes offering, which is expected to close around August 15, 2025. The proceeds will be used to support the evaluation and development of its uranium projects and for general corporate purposes. The offering includes a capped call transaction to mitigate potential economic dilution, and the company has also entered into derivative transactions to manage its financial exposure.
The most recent analyst rating on (TSE:DML) stock is a Buy with a C$2.75 price target. To see the full list of analyst forecasts on Denison Mines stock, see the TSE:DML Stock Forecast page.
Denison Mines Corp. has announced a US$250 million offering of convertible senior unsecured notes due 2031. The proceeds from this offering will be used to support the company’s uranium development projects and general corporate purposes. The offering includes an option for initial purchasers to buy additional notes, and Denison plans to enter into capped call transactions to manage potential economic dilution and offset cash payments upon conversion of the notes. This strategic financial move is expected to impact the company’s market positioning and operations by providing capital for its ongoing and future projects.
The most recent analyst rating on (TSE:DML) stock is a Buy with a C$2.60 price target. To see the full list of analyst forecasts on Denison Mines stock, see the TSE:DML Stock Forecast page.
Denison Mines Corp. is a leading uranium mining, development, and exploration company primarily operating in the Athabasca Basin region of northern Saskatchewan, Canada. The company has a significant interest in the Wheeler River Uranium Project, which is the largest undeveloped uranium project in the region.
Denison Mines Corp. has reported significant progress in its operations for the second quarter of 2025, marked by the return to uranium production at McClean Lake and the receipt of provincial approval for the Wheeler River Environmental Assessment. The commencement of mining operations at McClean North using the SABRE method and the processing of high-grade ore at the McClean Lake mill highlight Denison’s operational advancements. Additionally, the approval for the Wheeler River project represents a crucial step towards the construction of the Phoenix In-Situ Recovery mine, positioning Denison favorably in the uranium market. The company also reported promising exploration results at the Gryphon deposit and a positive Preliminary Economic Assessment for the Midwest Main deposit, indicating potential for low-cost production and high returns.
The most recent analyst rating on (TSE:DML) stock is a Buy with a C$2.75 price target. To see the full list of analyst forecasts on Denison Mines stock, see the TSE:DML Stock Forecast page.
Denison Mines Corp. has announced the results of a Preliminary Economic Assessment (PEA) for its Midwest Main uranium deposit, highlighting the potential for In-Situ Recovery (ISR) mining. The assessment reveals a robust economic outlook with an after-tax NPV of $965 million and an IRR of 82.7%, indicating low production costs and high returns. The project, a joint venture with Orano Canada, is expected to produce 37.4 million pounds of U3O8 over six years, with Denison’s share of the initial capital costs estimated at $64 million. This development positions Denison as a leader in ISR mining for high-grade uranium deposits, potentially impacting its market positioning and stakeholder interests positively.
The most recent analyst rating on (TSE:DML) stock is a Buy with a C$2.60 price target. To see the full list of analyst forecasts on Denison Mines stock, see the TSE:DML Stock Forecast page.
Denison Mines Corp. has received provincial environmental assessment approval for its Wheeler River Project, allowing it to proceed with developing Canada’s first In-Situ Recovery uranium mine. This milestone positions Denison to advance toward construction, with remaining regulatory approvals pending, and highlights Saskatchewan’s role as a leader in sustainable mining practices, potentially boosting local economies and enhancing Canada’s energy sector.
The most recent analyst rating on (TSE:DML) stock is a Buy with a C$2.60 price target. To see the full list of analyst forecasts on Denison Mines stock, see the TSE:DML Stock Forecast page.