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What this page is: Delvantic's full research page for Denison Mines Corp. (DNN) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.

Page map (sections in order; each card carries a stable reference-name attribute you can cite):

  • profile-header / price-overview — company profile, live quote, market cap
  • extended-analysis — the core: three AI lens reads with findings, scores, and the analyst memo
  • future-predictions — our forward price-band predictions
  • market-narrative / ai-findings / gpt-critique — narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)
  • Members-only sections (render as login gates for anonymous readers): price-history, income-trend, key-metrics, financials (statement tables), insider-trading. The analysis above is public; the raw data tables require a free account.

More for machine readers: site briefing at /llms.txt · any ticker resolves at delvantic.com/stock/TICKER · raw inputs are public-company filings and market data (via licensed data feeds); every model, score, lens read, and prediction on this page is Delvantic's own analysis.

Denison Mines Corp.

DNN NYSE GICS Category PDF
Energy · Uranium
Toronto, ON M5J 1T1, Canada denisonmines.com Updated Aug 11, 10:42am
Price
$3.33
Market Cap
$3.0B
Employees
0
Beta
1.60
Avg Volume
23,044,161
CEO
Mr. David Daniel Cates C.A., C.P.A., MAcc

Denison Mines Corp. is a Canadian uranium mining, development, and exploration company focused on assets in the Athabasca Basin of northern Saskatchewan. Its core business centers on advancing the Wheeler River project, where it holds an effective 95% interest in a large undeveloped uranium deposit under a site preparation and construction licence. The company also holds interests in the McClean Lake Joint Venture, the Midwest project, and the Waterbury Lake property, giving it exposure to mining, milling, and nearby development opportunities across the region. In addition, Denison has interests through JCU in several Canadian uranium joint ventures and maintains a portfolio that combines development-stage projects with exploration ground and uranium-related holdings. Denison Mines Corp. plays a notable role in the North American uranium sector as a developer with operating partnerships, processing access, and a concentrated presence in one of Canada’s most important uranium districts.

Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 11
No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was May 6, 2026.
EPS surprise history — vs analyst consensus · 5 prints of vendor history
+50.0%
Nov '25
-210.7%
Nov '25
-50.0%
Mar '26
+74.3%
Mar '26
+6.7%
May '26
Print date EPS est. EPS actual Revenue est. Revenue actual
May 6, 2026 $2.55 $2.72 +6.7% — —
Mar 27, 2026 $-3.78 $-0.97 +74.3% — —
Mar 11, 2026 $-0.02 $-0.03 -50.0% — —
Nov 26, 2025 $0.56 $-0.62 -210.7% — —
Nov 7, 2025 $-0.02 $-0.01 +50.0% — —

Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.

Recent SEC Filings
Filed Form Document
Jul 28, 2026 6-K View
Jul 2, 2026 6-K View
May 15, 2026 SCHEDULE 13G/A View
May 14, 2026 6-K View
Apr 8, 2026 6-K View
Apr 7, 2026 SCHEDULE 13G/A View
Mar 31, 2026 6-K View
Mar 31, 2026 6-K View
Mar 30, 2026 6-K View
Mar 30, 2026 6-K View
Mar 30, 2026 40-F View
Mar 30, 2026 6-K View

Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.

Price Overview
Last updated: Aug 11, 2026 10:42am (just now)
Current data · timestamped when a report runs
$3.33
Change · Aug 11
+0.07 (+1.99%)
Day Range
$3.27 – $3.33
52-Week Range
$1.86 – $4.43
50-Day MA
$3.10
200-Day MA
$3.31
Volume
123,344.00
Share Structure
Outstanding 904,284,630.00
Float 898,220,285.00
Free Float 99.3%
High free float — 99.3% of shares trade freely, ~0.7% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Last updated: Aug 11, 2026 10:42am (just now)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Aug 11, 2026 10:42am (just now)
Why there are no quarterly figures for Denison Mines Corp.

This company does not file structured financial statements with the U.S. SEC, so quarterly figures aren't available from our filings-based data engine. Annual figures shown here come from the sources that do cover it.

Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
TD Twelve Data statement HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEX
Stock Price / EPS (Diluted)
-19.30
Stock Price: $3.33
EPS (Diluted): -0.17
P/B Ratio (Price vs net asset value)
HEX
Stock Price / Book Value Per Share
11.28
Stock Price: $3.33
Total Equity: $264.37M
Shares: 896,600,000
EV/EBITDA (Total value vs operating profit)
HEX
Enterprise Value / EBITDA
-83.64
Market Cap: $2.95B
Total Debt: $0.00
Cash: $334.38M
EBITDA: -$31.28M
Enterprise Value (Takeover price (cap + debt - cash))
HEX
Market Cap + Total Debt - Cash
$2.6B
Market Cap: $2.95B
Total Debt: $0.00
Cash: $334.38M
P/S Ratio (Price per dollar of revenue)
HEX
Stock Price / Revenue Per Share
844.64
Stock Price: $3.33
Revenue: $3.53M
Shares: 896,600,000
EV/Sales (Total value vs revenue — works when P/E can't)
CALC
741.16
Gross Margin (Revenue left after direct costs)
HEX
Gross Profit / Revenue
—
Gross Profit: N/A
Revenue: $3.53M
Missing from API: Gross Profit
Operating Margin (Revenue left after all operations)
HEX
Operating Income / Revenue
-1,247.5%
Operating Income: -$44.03M
Revenue: $3.53M
Net Margin (Revenue left as actual profit)
HEX
Net Income / Revenue
-4,418.2%
Net Income: -$155.94M
Revenue: $3.53M
ROE (Profit from shareholder equity)
HEX
Net Income / Total Equity
-59.0%
Net Income: -$155.94M
Total Equity: $264.37M
ROIC (Profit from all invested capital)
HEX
NOPAT / Invested Capital
64.8%
Operating Income: -$44.03M
Tax Rate: -3.0%
Equity: $264.37M
Total Debt: $0.00
Cash: $334.38M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
HEX
Current Assets / Current Liabilities
10.75
Current Assets: $402.07M
Current Liabilities: $37.41M
Debt/Equity (Leverage — debt vs equity)
HEX
Total Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $264.37M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
HEX
Revenue / Shares Outstanding
$0.00
Revenue: $3.53M
Shares: 896,600,000
Book Value/Share (Net assets per share)
HEX
(Total Assets - Total Liabilities) / Shares
$0.29
Total Equity: $264.37M
Shares: 896,600,000
FCF/Share (Real cash generated per share)
HEX
(Operating Cash Flow + CapEx) / Shares
$-0.09
Operating CF: -$48.91M
CapEx: -$36.24M
Shares: 896,600,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TD
Last Annual Dividend / Stock Price
—
Last Dividend: $0.00
Stock Price: $3.33
Payout Ratio (Earnings paid out as dividends)
HEX
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$155.94M
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 11, 2026 10:42am (just now)
Metric 2023 2023 2024 2024 2025
Revenue $0 $1.3M $0 $2.9M $3.5M
Cost of Revenue — — — — —
Gross Profit — — — — —
Operating Expenses — $2.8M — $3.5M $4.1M
Operating Income — $66.4M — -$67.8M -$44.0M
Net Income — $64.9M — -$65.4M -$155.9M
EBITDA — $73.1M — -$60.7M -$31.3M
EPS — $0.08 — $-0.07 $-0.17
EPS (Diluted) — $0.07 — $-0.07 $-0.17
Balance Sheet (Annual)
Last updated: Aug 11, 2026 10:42am (just now)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $45.9M $36.5M $94.1M $77.9M $334.4M
Total Current Assets $62.3M $48.2M $106.6M $88.8M $402.1M
Total Assets $366.2M $370.2M $521.5M $476.3M $793.8M
Current Liabilities $11.7M $13.2M $12.9M $24.3M $37.4M
Long-Term Debt — — — — —
Total Liabilities $81.5M $57.3M $60.9M $71.3M $529.4M
Total Equity $284.7M $312.9M $460.6M $405.0M $264.4M
Retained Earnings -$853.8M -$843.5M -$778.6M -$844.0M -$999.9M
Cash Flow (Annual)
Last updated: Aug 11, 2026 10:42am (just now)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$15.2M -$20.2M -$22.0M -$29.0M -$48.9M
Capital Expenditure $-882,746 -$4.9M -$2.3M -$5.5M -$36.2M
Free Cash Flow -$16.1M -$25.1M -$24.3M -$34.5M -$85.1M
Acquisitions (net) — — — — —
Net Debt Issued / (Repaid) $24,401 $113,393 $0 $0 $329.4M
Dividends Paid — — — — —
Stock Buybacks — — — — —
Net Change in Cash $28.4M -$10.0M $57.3M -$17.8M $255.9M
Growth Trends (YoY %)
Last updated: Aug 11, 2026 10:42am (just now)
Metric 2023 2024 2024 2025
Revenue Growth — -100.0% — +22.2%
Gross Profit Growth — — — —
Operating Income Growth — — — +35.1%
Net Income Growth — — — -138.5%
EBITDA Growth — — — +48.5%
Industry Benchmarks
Compares DNN against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for DNN — it's generated by the pipeline (market-narrative step).
Claude Reading
Claude Opus reviews the pipeline's raw data + every prior verdict, then writes an independent take.
No AI findings yet for DNN — they're generated by the pipeline (ai-findings step) when a report is run on this ticker.
GPT Reading
GPT reads the identical raw briefing blind — one of the Big-3 independent readings — and commits to its own verdict.
No GPT reading yet for DNN — it's generated by the pipeline (gpt-critique step) after the other Big-3 seats, when a report is run on this ticker.
Grok Reading
Grok (xAI) reads the identical raw briefing blind — one of the Big-3 independent readings — and commits to its own verdict.
No Grok reading yet for DNN — it's generated by the pipeline (grok-critique step) alongside the other Big-3 seats, when a report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
A separate, manually-run forensic pipeline (dilution, earnings quality, liquidity → two scored lenses → the play). Hasn't been run for this ticker yet.
Community AI Feedback
No community reviews yet for DNN. Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.525 · a5aac093 · 2026-08-10 20:52:14