Denison Mines Corp. (DML.TO) | Investment Case

1. Company Snapshot

1.a. Company Description

Denison Mines Corp.engages in the acquisition, exploration, development, extraction, processing, selling of, and investing in uranium properties in Canada.Its flagship project is the 95% interest owned Wheeler River uranium project located in the Athabasca Basin region in northern Saskatchewan.

The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.in December 2006.Denison Mines Corp.

was founded in 1997 and is headquartered in Toronto, Canada.

Show Full description

1.b. Last Insights on DML

Negative drivers behind Denison Mines Corp.'s recent performance include a 203% year-over-year increase in net loss to CA$91.6m, driven by weak uranium prices and reduced power demand for AI chips. The company's Q4 loss and declining earnings estimate revisions have contributed to investor concerns. Additionally, the Wheeler River Project's public hearing dates have not yet led to a significant advancement, and the Phoenix Project update has not alleviated investor worries.

1.c. Company Highlights

Last Price	3.8
Change Percentage	-4.28%
Open	3.97
Previous Close	3.97
Market Cap ( Millions)	3410
Volume	2810104
Year High	4.79
Year Low	1.58
M A 50	3.83
M A 200	2.79

FCF Yield	-2.24%
Dividend Yield	0.00%
ROE	-15.64%
Debt / Equity	0.00%
Net Debt / EBIDTA	67.26%
Price To Book	6.36
Price Earnings Ratio	-39.46
Price To FCF	-44.74
Price To sales	755.03
EV / EBITDA	-41.38

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Cosa Closes Upsized C$7.5 Million Private Placement

Dec -04

Source:

Denison Announces Signing of Impact Benefit Agreement and Exploration Agreement with Métis Nation-Saskatchewan, MN-S NR-1, and MN-S NR-3

Dec -04

Source:

Denison Mines (TSX:DML): Examining Valuation Factors After Recent Uranium Sector Volatility

Dec -02

Source:

Here is Why Denison Mines (DNN) Gained This Week

Dec -02

Source:

How Recent Uranium Market Buzz Impacts Denison Mines Valuation in 2025

Dec -01

Source:

Why Denison Mines (TSX:DML) Is Up 9.1% After Expanding Joint Ventures in the Athabasca Basin

Dec -01

Source:

Foremost Clean Energy Receives 3-Year Exploration Permit and Announces Gravity Survey at Turkey Lake Uranium Project, Athabasca Basin, Saskatchewan

Dec -01

Source:

Denison & Ya'thi Néné Lands and Resources Announce Signing of the Nuhenéné Benefit Agreement with Three First Nations and Four Municipalities

Dec -01

Source:

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (7.50%)

6. Segments

Mining

Expected Growth: 7.5%

Increasing global demand for clean energy, growing nuclear power generation, and uranium supply constraints drive growth in the uranium mining industry, benefiting Denison Mines Corp.

7. Detailed Products

Uranium

Denison Mines Corp. is a uranium exploration and development company, with a focus on the Athabasca Basin in Saskatchewan, Canada.

Vanadium

Denison Mines Corp. also explores and develops vanadium deposits, a key component in steel production and energy storage.

Copper

The company's exploration and development projects also involve copper deposits, a widely used industrial metal.

Gold

Denison Mines Corp. has gold exploration and development projects, adding to its diversified portfolio of metals.

Silver

The company's projects also involve silver deposits, a highly conductive and versatile metal.

Exploration Services

Denison Mines Corp. offers exploration services, including drilling, sampling, and geological consulting.

8. Denison Mines Corp.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Denison Mines Corp. is medium due to the availability of alternative energy sources and the increasing adoption of renewable energy.

Bargaining Power Of Customers

The bargaining power of customers for Denison Mines Corp. is low due to the company's strong market position and the lack of alternative suppliers.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Denison Mines Corp. is medium due to the company's dependence on a few key suppliers and the potential for supply chain disruptions.

Threat Of New Entrants

The threat of new entrants for Denison Mines Corp. is low due to the high barriers to entry in the uranium mining industry and the company's established market position.

Intensity Of Rivalry

The intensity of rivalry for Denison Mines Corp. is high due to the competitive nature of the uranium mining industry and the presence of several established players.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	0.05%
Debt Cost	12.16%
Equity Weight	99.95%
Equity Cost	13.41%
WACC	13.41%
Leverage	0.05%

11. Quality Control: Denison Mines Corp. passed 5 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Efficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Total Energy Services

A-Score: 7.2/10

Value: 8.8

Growth: 7.2

Quality: 5.7

Yield: 5.0

Momentum: 8.5

Volatility: 8.0

1-Year Total Return ->

Valeura Energy

A-Score: 5.7/10

Value: 9.0

Growth: 9.9

Quality: 8.0

Yield: 0.0

Momentum: 4.5

Volatility: 2.7

1-Year Total Return ->

PrimeEnergy Resources

A-Score: 5.4/10

Value: 6.3

Growth: 8.9

Quality: 7.2

Yield: 0.0

Momentum: 7.0

Volatility: 2.7

1-Year Total Return ->

Berry

A-Score: 4.9/10

Value: 7.3

Growth: 4.6

Quality: 4.2

Yield: 9.0

Momentum: 1.5

Volatility: 3.0

1-Year Total Return ->

Centrus Energy

A-Score: 3.8/10

Value: 0.0

Growth: 4.3

Quality: 7.2

Yield: 0.0

Momentum: 10.0

Volatility: 1.0

1-Year Total Return ->

Denison Mines

A-Score: 3.7/10

Value: 6.2

Growth: 1.1

Quality: 3.3

Yield: 0.0

Momentum: 8.5

Volatility: 3.0

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

52.59%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

13.41%

Denison Mines Corp. - CA2483561072

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on DML

1.c. Company Highlights

Strong Momentum

Expensive

Lower Yield

Earnings Miss

Lower Growth

Average Growth

Better Quality

Revenues Miss

Revenues Beats

Cheaper

Average Quality

Weak Momentum

Earnings Beats

Lower Quality

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (7.50%)

6. Segments

Mining

Expected Growth: 7.5%

7. Detailed Products

Uranium

Vanadium

Copper

Gold

Silver

Exploration Services

8. Denison Mines Corp.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Denison Mines Corp. passed 5 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

3.8$

Current Price

3.8$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA