Denison Mines
Constructing Phoenix while managing Athabasca Basin uranium, milling and exploration assets.
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Profile
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
Key statistics
Year to date +11.7% · Average volume (30d) 25.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating |
|---|---|---|---|
| Jul 13, 2026 | RBC Capital | Initiate | Outperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | −$0.02 | −$0.02 | 0.0% | $46.5M | $506.9K | −98.9% | −0.60% |
| Aug 11, 2026Q2 FY26 | −$0.02 | −$0.02 | 0.0% | $46.5M | $720.0K | −98.5% | +1.53% |
| May 12, 2026Q1 FY26 | −$0.02 | −$0.09 | −366.1% | $790.8K | $795.1K | +0.5% | −2.97% |
| Mar 11, 2026Q4 FY25 | −$0.02 | −$0.04 | −132.1% | $801.0K | $889.9K | +11.1% | +0.25% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $989.1K | $917.9K | $751.7K | $879.0K | $795.6K | $518.1K | |
| Gross profit | $109.3K | −$79.1K | −$118.0K | $879.0K | −$253.9K | −$10.6M | |
| Operating income | −$15.9M | −$13.5M | −$15.9M | −$16.5M | −$16.4M | −$13.0M | |
| Net income | −$31.3M | $9.0M | −$97.1M | −$36.9M | −$82.6M | $18.4M | |
| Diluted EPS | −$0.04 | $0.01 | −$0.11 | −$0.04 | −$0.09 | $0.02 | |
| Gross margin | 11.1% | -8.6% | -15.7% | 100.0% | -31.9% | -2,037.8% | |
| Operating margin | -1,609.9% | -1,472.6% | -2,115.1% | -1,878.8% | -2,060.8% | -2,517.5% |
Fiscal years (4-quarter sums)FY24 $2.9M · FY25 $3.5M
Balance sheet, Jun 30, 2026Cash & short-term investments $395.6M · Total debt $494.6M · Total assets $801.9M · Shareholders' equity $207.9M
Dividends
No dividends on record.
Ownership
Shares outstanding 905.02M · Float 902.01M · 99.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Van Eck Associates Corp | 87.52M | 9.67% | 13F | Aug 14, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 65.01M | 7.18% | 13F | Aug 14, 2026 |
| Global X Management CO LLC | 63.78M | 7.07% | 13G | May 15, 2026 |
| Alps Advisors Inc | 48.83M | 5.40% | 13F | Jul 29, 2026 |
| Hood River Capital Management LLC | 26.72M | 2.95% | 13F | Aug 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- 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.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Denison Mines | $3.40 | +0.44% | $3.07B | — | — | 1,041.4 | −45.9% |
| Clear Channel Outdoor | $2.34 | −0.21% | $1.19B | — | — | 0.7 | +8.8% |
| NexGen Energy | $10.45 | +0.48% | $6.88B | — | — | — | — |
| Median | — | — | 0.7 | +8.8% |