DNN
Denison Mines Corp.
DNN lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink, though they disagree widely on how much.
DNN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Weak | |
| Strong |
DNN's balance sheet is currently strong, but its revenue, profitability and cash flow are under pressure.
DNN PE Valuation
DNN has no meaningful PE right now: it lost money over the past year.
DNN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong decline | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect DNN's losses to shrink, with revenue declining. However, they disagree widely on these estimates.
DNN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.22 | -$0.15 |
| Q1 2026 | -$0.23 | -$0.14 |
| Q4 2025 | -$0.17 | -$0.10 |
| Q3 2025 | -$0.16 | -$0.14 |
| Q2 2025 | -$0.07 | -240% |
| Q1 2025 | -$0.09 | -250% |
| Q4 2024 | -$0.07 | -188% |
| Q3 2024 | -$0.02 | -150% |
DNN lost $0.22 per share over the past year, a bigger loss than the year before.
DNN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $506.4K | -44% |
| Q1 2026 | $777.6K | -20% |
| Q4 2025 | $859.1K | +4.4% |
| Q3 2025 | $734.7K | +50% |
| Q2 2025 | $897.1K | -3.8% |
| Q1 2025 | $966.7K | +65% |
| Q3 2024 | $488.6K | -11% |
| Q2 2024 | $932.2K | +37% |
DNN's revenue has slid since its 2021 peak: $506,405 last quarter, down 44% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -2518% | -1045 points |
| Q1 2026 | -2061% | -451 points |
| Q4 2025 | -1879% | -232 points |
| Q3 2025 | -2115% | +154 points |
| Q2 2025 | -1473% | -513 points |
| Q1 2025 | -1610% | +260 points |
| Q4 2024 | -1647% | N/A |
| Q3 2024 | -2270% | -2270 points |
DNN's operating margin was −2518% last quarter, down 1045 points from the same quarter a year ago, near the bottom of its range since 2019.
DNN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$35.1M | -$15.3M |
| Q1 2026 | -$35M | -$18.9M |
| Q4 2025 | -$28M | -$20.6M |
| Q3 2025 | -$19.4M | -$9.2M |
| Q2 2025 | -$19.8M | -$10.5M |
| Q1 2025 | -$16.1M | -$9.3M |
| Q4 2024 | -$7.4M | -$2.8M |
| Q3 2024 | -$10.2M | -$4.1M |
DNN has burned cash in almost every quarter: −$118M over the past year, against −$54M the year before.
DNN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +11.3M shares |
| 1 year | +1.2% | +11.2M shares |
| 3 years | +9.4% | +78.4M shares |
| 5 years | +19% | +149M shares |
| Available history | +55% | +324M shares |
DNN has 914M diluted shares, up 1.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
DNN hasn't bought back shares in the past year.
DNN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2024 | -2.0x | Net Cash |
| Q1 2024 | -1.6x | Net Cash |
| Q4 2023 | -1.4x | Net Cash |
| Q3 2023 | -0.8x | Net Cash |
| Q4 2022 | -2.2x | Net Cash |
| Q3 2022 | -2.1x | Net Cash |
| Q2 2022 | -0.7x | Net Cash |
| Q1 2022 | -0.7x | Net Cash |
DNN has more cash than debt.
DNN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 31.9 | Neutral |
| Stochastic | 9.2 | Oversold |
DNN's weekly RSI is 32 (neutral) and its Stochastic is 9 (oversold).
DNN PE vs Energy Sector
| Metric | DNN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
DNN has no meaningful PE right now: it lost money over the past year.
DNN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.32 | 9.9% below |
| 20 week MA | $2.81 | 26% below |
| 50 week MA | $3.19 | 34% below |
| 100 week MA | $2.58 | 19% below |
| 200 week MA | $2.13 | 1.9% below |
DNN is in a downtrend: it's below all five of its weekly moving averages, and 1.9% below its 200-week average.
DNN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $0.41 | $0.62 | +51% |
| 2021 | $0.62 | $1.44 | +132% |
| 2022 | $1.44 | $1.16 | -19% |
| 2023 | $1.16 | $1.77 | +53% |
| 2024 | $1.77 | $1.87 | +5.6% |
| 2025 | $1.87 | $2.69 | +44% |
| 2026 YTD | $2.69 | $2.09 | -22% |
DNN has finished higher in five of the last six years, three of them by more than 50%. It's down 22% so far in 2026.