Denison Mines Corp. Price & Performance (DNN)

Denison Mines continues to attract positive sentiment from major banks, with Desjardins initiating a Buy rating and National Bank and Scotiabank maintaining Outperform ratings, though both trimmed their price targets. The consensus reflects confidence in Denison’s uranium project pipeline, even as the sector faces near-term price volatility.123

Denison Mines has achieved significant regulatory progress for its Wheeler River project, including acceptance of its final Environmental Impact Statement and scheduled public hearings. These steps position Denison to begin construction in early 2026, with first uranium production targeted for the first half of 2028, pending approvals.45

Recent joint ventures and option agreements with Cosa Resources and Foremost Clean Energy bolster Denison Mines’ exploration portfolio in Saskatchewan’s Athabasca Basin. These deals provide Denison with equity stakes, future milestone payments, and royalties, while supporting broader uranium exploration in the region.56