Denison Mines (DML) AI Stock Analysis

• Market Cap: $1.94B
• Dividend Yield: N/A
• Average Volume (3M): 2.44M
• Price to Earnings (P/E): 33.4
• Beta (1Y): 1.60
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 65
• Sector: Energy
• Sector Strength: 48
• Industry: Uranium
• EPS (TTM): -0.05
• Shares Outstanding: 896,344,540
• 10 Day Avg. Volume: 3,353,902
• 30 Day Avg. Volume: 2,437,670
• PEG Ratio: 0.42
• Price to Book (P/B): 1.52
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -16.16
• 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: $3.79
• Price Target Upside: 75.42% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 49 Neutral
• Price Target: ―

Denison Mines' overall stock score reflects significant challenges in financial performance due to ongoing losses and cash flow inefficiencies. However, the company's strong equity position and proactive corporate events, such as advancing key projects and strengthening governance, provide a positive outlook for future strategic growth. Technical indicators suggest a cautious approach due to a lack of upward momentum. Valuation metrics indicate the stock is not currently attractive for traditional investors, as reflected by the negative P/E ratio and absence of a dividend yield.

Positive Factors

Financial Strength

Denison has one of the strongest balance sheets for funding its relatively modest capital requirements.

Industry Developments

Most recent developments have been positive for uranium, including announcements of another wave of new nuclear reactors in China and an agreement to restart Three Mile Island in the U.S.

Valuation

Denison now offers one of the most attractive P/NPV's at 0.9x with clear near-term catalysts.

Negative Factors

Project Timeline

The company targets first production in 2027/2028, which could see upside to estimates.

Denison Mines Business Overview & Revenue Model

Company Description

Denison Mines Corp. is a uranium exploration and development company based in Canada. It is primarily engaged in the exploration, development, and production of uranium properties in the Athabasca Basin region in Northern Saskatchewan, which is one of the most prolific uranium-producing areas in the world. Denison's core focus includes its high-grade uranium projects, especially the Wheeler River Project, which is the largest undeveloped uranium project in the eastern part of the Athabasca Basin.

How the Company Makes Money

Denison Mines generates revenue primarily through the exploration and development of uranium properties with the goal of producing and selling uranium concentrates. While the company is in the exploration and development stage and does not currently have active mining operations, it makes money by strategically advancing its projects, increasing the value of its uranium resources, and potentially partnering or selling interests in its projects to larger uranium producers. Additionally, Denison may engage in strategic transactions such as joint ventures, asset sales, or equity financings to fund its operations and advance its projects towards production. The company is also involved in environmental services and has a revenue stream from its services segment, which provides post-closure mine care and maintenance services.

Denison Mines Financial Statement Overview

Summary

Denison Mines is facing challenges in consistent profitability and cash generation despite having a solid equity base and low leverage. The income statement highlights ongoing losses and margin pressures, while the balance sheet reflects financial stability due to strong equity. Cash flow challenges persist, indicating operational inefficiencies.

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
15.05M	4.02M	1.85M	8.97M	20.00M	14.42M
	Gross Profit
1.24M	-792.00K	-2.04M	3.62M	7.10M	3.83M
	EBIT
-8.93M	-63.32M	-48.90M	-36.51M	-23.35M	-12.87M
	EBITDA
-15.53M	-81.81M	97.27M	18.81M	21.68M	-6.82M
	Net Income Common Stockholders
―	-91.12M	90.38M	14.35M	18.98M	-16.28M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
8.19M	114.81M	141.45M	58.94M	78.44M	41.65M
	Total Assets
300.00M	663.61M	726.60M	515.80M	510.28M	320.69M
	Total Debt
795.00K	0.00	417.00K	576.00K	508.00K	615.00K
	Net Debt
-7.39M	-108.52M	-130.64M	-50.34M	-63.49M	-24.38M
	Total Liabilities
89.85M	99.29M	84.82M	79.78M	113.59M	93.41M
	Stockholders Equity
210.15M	564.32M	641.78M	436.02M	396.69M	227.28M
Cash Flow		Free Cash Flow
33.32M	-48.07M	-33.90M	-35.01M	-22.48M	-13.76M
	Operating Cash Flow
33.40M	-40.38M	-30.67M	-28.14M	-21.25M	-13.48M
	Investing Cash Flow
3.04M	426.00K	-719.00K	-6.76M	-99.00M	305.00K
	Financing Cash Flow
19.14M	15.15M	111.18M	20.96M	159.82M	30.51M

Denison Mines Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DML, the sentiment is Positive. The current price of 2.16 is below the 20-day moving average (MA) of 2.20, above the 50-day MA of 2.03, and below the 200-day MA of 2.46, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 52.70 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:DML.

Denison Mines Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CCO	70 Outperform	$38.01B	152.82	3.93%	0.18%	29.88%	5.54%
URC	60 Neutral	$406.25M	295.15	0.45%	―	-47.81%	-83.25%
EU	58 Neutral	C$534.57M	―	-25.71%	―	58.00%	-256.97%
Sector *	58 Neutral	$7.37B	3.39	-4.49%	10.01%	0.82%	-49.15%
NXE	53 Neutral	$4.95B	27.25	-9.06%	―	―	-197.27%
DML	49 Neutral	$1.94B	33.39	-20.00%	―	―	―
MGA	37 Underperform	C$106.87M	―	-11.27%	―	―	-485.07%

Denison Mines Corporate Events

Denison Mines Files 2024 Annual Report, Strengthening Regulatory Compliance

Denison Mines Corp. announced the filing of its 2024 Annual Report on Form 40-F with the U.S. Securities and Exchange Commission, which includes comprehensive financial and operational details for the year. This filing is a critical step for Denison, as it underscores the company’s ongoing commitment to transparency and regulatory compliance, potentially enhancing its credibility and attractiveness to investors and stakeholders in the uranium sector.

Denison Mines Strengthens Board with Strategic Appointments

Denison Mines Corp. has appointed Ken Hartwick, former CEO of Ontario Power Generation, and Jinsu Baik, a senior manager from Korea Hydro Nuclear Power, to its Board of Directors. These appointments are expected to enhance the board’s expertise in nuclear power generation and support Denison’s strategic initiatives, including the execution and marketing of its Phoenix project. The changes follow the retirement of long-serving director Brian Edgar, who contributed significantly to the company’s strategic direction and governance.

Denison Mines Advances Phoenix Project Amid Strong Uranium Market

Denison Mines Corp. has made significant progress in advancing its Phoenix In-Situ Recovery project, with regulatory approvals potentially allowing construction to begin in early 2026 and production by 2028. The company has secured agreements with local communities, progressed engineering efforts, and is preparing for mining restarts and exploration collaborations, positioning itself well in the evolving uranium market.

Denison Mines Advances Wheeler River Project with CNSC Hearing Schedule

Denison Mines Corp. announced the Canadian Nuclear Safety Commission has scheduled public hearings for the Wheeler River Uranium Project, marking the final step in federal approval for the project’s Environmental Assessment and Licence. This development reduces uncertainty in the project’s timeline, allowing Denison to plan for construction of the Phoenix In-Situ Recovery project, with potential commencement in early 2026 and first production by 2028. The announcement follows key regulatory milestones achieved in 2024, indicating strong support from CNSC staff for the project’s advancement.