(DNN) Denison Mines - Overview
Sector: Energy | Industry: Uranium | Exchange: NYSE MKT (USA) | Market Cap: 2.968m USD | Total Return: 92.3% in 12m
Avg Turnover: 70.2M
Qual. Beats: 0
Rev. Trend: 94.7%
Qual. Beats: 0
Warnings
Interest Coverage Ratio -7.6 is critical
Altman Z'' -2.36 < 1.0 - financial distress zone
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Denison Mines Corp. (DNN) is a Toronto-based uranium exploration and development company focused on the Athabasca Basin in Saskatchewan, Canada. Its primary asset is a 95% interest in the Wheeler River project, situated in a region known for hosting the worlds highest-grade uranium deposits. Formerly International Uranium Corporation, the company rebranded in 2006 and maintains a legacy in the sector dating back to 1954.
The company operates within the nuclear fuel cycle, where business value is driven by long-term utility contracts and the global transition toward carbon-free baseload power. Unlike traditional mining, Denison is advancing the use of In-Situ Recovery (ISR) technology, which aims to extract uranium by circulating solutions through the orebody rather than utilizing open-pit or underground excavation. Investors can examine detailed valuation models and risk metrics for this project on ValueRay.
- Wheeler River project development milestones impact long-term production and valuation
- Global uranium spot price fluctuations dictate revenue potential and sentiment
- Implementation of In-Situ Recovery technology influences operational cost efficiency
- Regulatory approval timelines for Saskatchewan mining permits affect project delivery
- Strategic uranium inventory valuation correlates directly with balance sheet strength
| Net Income: -256.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.29 > 0.02 and ΔFCF/TA -13.17 > 1.0 |
| NWC/Revenue: 12.5k% < 20% (prev 1.52k%; Δ 11.0k% < -1%) |
| CFO/TA -0.08 > 3% & CFO -86.9m > Net Income -256.3m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 13.77 > 1.5 & < 3 |
| Outstanding Shares: last quarter (903.1m) vs 12m ago 0.82% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.50% > 50% (prev 0.74%; Δ -0.24% > 0%) |
| Interest Coverage Ratio: -7.55 > 6 (EBITDA TTM -155.4m / Interest Expense TTM 23.1m) |
| A: 0.49 (Total Current Assets 586.6m - Total Current Liabilities 42.6m) / Total Assets 1.11b |
| B: -1.36 (Retained Earnings -1.51b / Total Assets 1.11b) |
| C: -0.20 (EBIT TTM -174.7m / Avg Total Assets 863.8m) |
| D: 0.22 (Book Value of Equity 184.9m / Total Liabilities 848.4m) |
| Altman-Z'' = -2.36 = D |
| DSRI: 1.84 (Receivables 6.63m/3.80m, Revenue 4.34m/4.57m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.40 (AQ_t 0.17 / AQ_t-1 0.42) |
| SGI: 0.95 (Revenue 4.34m / 4.57m) |
| TATA: -0.15 (NI -256.3m - CFO -86.9m) / TA 1.11b) |
| Beneish M = -2.89 (Cap -4..+1) = A |
As of May 24, 2026, the stock is trading at USD 3.20 with a total of 18,673,875 shares traded.
Over the past week, the price has changed by -1.52%,
over one month by -17.60%,
over three months by -22.91% and
over the past year by +92.26%.
Denison Mines has received a consensus analysts rating of 4.42. Therefore, it is recommended to buy DNN.
- StrongBuy: 5
- Buy: 7
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 6.2 | 94.4% |
P/E Forward = 188.6792
P/S = 638.5149
P/B = 12.5177
P/EG = 106.9167
Revenue TTM = 4.34m CAD
EBIT TTM = -174.7m CAD
EBITDA TTM = -155.4m CAD
Long Term Debt = 612.2m CAD (from longTermDebt, last fiscal year)
Short Term Debt = 451k CAD (from shortTermDebt, last fiscal year)
Debt = 732.2m CAD (from shortLongTermDebtTotal, last quarter) + Leases 310k
Net Debt = 169.3m CAD (calculated: Debt 732.2m - CCE 562.8m)
Enterprise Value = 4.25b CAD (4.08b + Debt 732.2m - CCE 562.8m)
Interest Coverage Ratio = -7.55 (Ebit TTM -174.7m / Interest Expense TTM 23.1m)
EV/FCF = -13.15x (Enterprise Value 4.25b / FCF TTM -323.1m)
FCF Yield = -7.60% (FCF TTM -323.1m / Enterprise Value 4.25b)
FCF Margin = -7.45k% (FCF TTM -323.1m / Revenue TTM 4.34m)
Net Margin = -5.91k% (Net Income TTM -256.3m / Revenue TTM 4.34m)
Gross Margin = unknown ((Revenue TTM 4.34m - Cost of Revenue TTM 42.2m) / Revenue TTM)
Tobins Q-Ratio = 3.83 (Enterprise Value 4.25b / Total Assets 1.11b)
Interest Expense / Debt = 3.16% (Interest Expense 23.1m / Debt 732.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = -138.0m (EBIT -174.7m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 8.85 (Total Current Assets 586.6m / Total Current Liabilities 66.3m)
Debt / Equity = 2.81 (Debt 732.2m / totalStockholderEquity, last quarter 260.8m)
Debt / EBITDA = -1.09 (negative EBITDA) (Net Debt 169.3m / EBITDA -155.4m)
Debt / FCF = -0.52 (negative FCF - burning cash) (Net Debt 169.3m / FCF TTM -323.1m)
Total Stockholder Equity = 391.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -29.68% (Net Income -256.3m / Total Assets 1.11b)
RoE = -13.46% (Net Income TTM -256.3m / Total Stockholder Equity 1.90b)
RoCE = -6.94% (EBIT -174.7m / Capital Employed (Equity 1.90b + L.T.Debt 612.2m))
RoIC = -12.94% (negative operating profit) (NOPAT -138.0m / Invested Capital 1.07b)
WACC = 10.84% (E(4.08b)/V(4.81b) * Re(12.34%) + D(732.2m)/V(4.81b) * Rd(3.16%) * (1-Tc(0.21)))
Discount Rate = 12.34% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 85.40 | Cagr: 2.80%
[DCF] Fair Price = unknown (Cash Flow -323.1m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.40 | # QB: 0
Revenue Correlation: 94.69 | Revenue CAGR: 62.83% | SUE: 0.80 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.02 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS next Quarter (2026-09-30): EPS=-0.02 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=-0.06 | Chg30d=-36.21% | Revisions=-20% | GrowthEPS=+19.1% | GrowthRev=+330.8%
EPS next Year (2027-12-31): EPS=-0.06 | Chg30d=-22.49% | Revisions=-20% | GrowthEPS=+13.4% | GrowthRev=+22.5%
[Analyst] Revisions Ratio: -20%