Denison Mines (DNN)
Constructing Phoenix while managing Athabasca Basin uranium, milling and exploration assets.
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Builds the Phoenix in-situ recovery uranium mine while retaining interests in McClean Lake, Midwest and Saskatchewan exploration properties. Current reported revenue is deferred toll milling, with physical uranium inventory and joint ventures central to the path toward future mine production.
Builds Phoenix, an in-situ recovery uranium mine at Wheeler River in northern Saskatchewan, while advancing the nearby Gryphon underground project. Combines operatorship of Wheeler River and Waterbury Lake with minority interests in the Orano-operated McClean Lake and Midwest joint ventures, partner-funded exploration, physical uranium inventory and historic Elliot Lake reclamation work.
Records current revenue from deferred Cigar Lake toll milling rather than retained tolling cash, while uranium inventory has supported Phoenix funding. Mine production depends on construction and commissioning, additional permits, uranium-market conditions, joint-venture governance, contractor capacity, and Indigenous and community agreements.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 3, 2026 | Jefferies | Initiate | Rating: — | |
| Jul 13, 2026 | RBC Capital | Initiate | Rating: — |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $390.9M · Total debt $488.8M · Total assets $792.6M · Shareholders' equity $205.5M
- Revenue
- $512.1K
- Operating income
- −$12.9M
- Net income
- $18.2M
Reported in CAD, converted at the latest exchange rate
No dividends on record.
| Institutions | 56.87% | 514.67M shares | |
|---|---|---|---|
| 310 holders · as of Jun 30, 2026 | |||
| Other | 43.13% | 390.34M shares | |
| remainder | |||
905.02M company shares as of Aug 29, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Van Eck Associates CorpInstitution | 9.67% | 87.52M | as of Jun 30, 2026 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 7.18% | 65.01M | as of Jun 30, 2026 |
Global X Management CO LLCInstitution | 7.05% | 63.78M | filed May 15, 2026 |
Alps Advisors IncInstitution | 5.40% | 48.83M | as of Jun 30, 2026 |
Hood River Capital Management LLCInstitution | 2.95% | 26.72M | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Clear Channel Outdoor
Largest rival in uranium supply, utility contracts, and Athabasca operations.
- NexGen Energy
Direct rival for new Athabasca uranium supply and project capital.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Denison Mines | $2.93 | +1.21% | $2.62B | — | — | 897.0 | −45.9% |
| Clear Channel Outdoor | $2.39 | +0.21% | $1.21B | — | — | 0.7 | +8.8% |
| NexGen Energy | $9.92 | +1.22% | $6.49B | — | — | — | — |
| Median | — | — | 0.7 | +8.8% |