Denison Mines Corp.
Denison Mines Corp. is a Canadian uranium exploration and development company focused on advancing uranium-bearing properties in the Athabasca Basin region of northern Saskatchewan. Its portfolio is centered on the Wheeler River project, a major undeveloped uranium asset, alongside interests in the McClean Lake joint venture, the Midwest project, and the Waterbury Lake property. The company also participates in uranium milling and related mining infrastructure through its joint venture interests, supporting the processing and development of uranium resources in Canada. In addition to its core exploration and development activities, Denison Mines Corp. manages interests tied to closed mines and reclamation work, giving it a broader role across the uranium value chain. Headquartered in Toronto, Ontario, Denison Mines Corp. plays a significant part in supplying assets and services linked to the nuclear fuel sector.
$2.33
+$0.06 (+2.42%)
EOD Oct 21, 2026
The business is unprofitable at the operating level (-1748.43% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 22.2%, still solid. Margins contracted 174.4pp, which offsets some of the top-line progress.
ROIC dropped from -8.30% to -11.06%, capital efficiency is deteriorating. Negative free cash flow of -C$119M. The business is consuming cash, not generating it.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
C$4M
▲ +22.2% YoY
Net Income (TTM)
-C$276M
▼ -138.5% YoY
Op. Margin
-2100.66%
▼ -174.4pp YoY
ROIC
-11.06%
▼ -2.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-C$167M
▼ -146.8% YoY
Op. Cash Flow (TTM)
-C$87M
▼ -67.8% YoY
Net Debt
-C$244M
Net Cash Position
Cash & Equiv.
C$539M
3Y CAGR: -18.2%
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Is Denison Mines (DNN) overvalued?
Denison Mines (DNN)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Denison Mines scores 20/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Denison Mines a high-quality business?+
Denison Mines scores 20 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -2,100.7% operating margin and a -11.1% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Denison Mines a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh DNN's valuation and scores 20/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Uranium
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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