Denison Mines Corp Ordinary Shares (Canada) (DNN)

FairStock Score: 13/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses with durable earnings power, honest accounting, and a price that leaves room for error. Denison does not yet fit that mold. At the close on 2026-10-13, the stock was $2.33, giving a $3.5B market capitalization. The company is a uranium explorer and developer, not a producer; it holds 95% of Wheeler River in the Athabasca Basin. That is a real asset, but assets in the ground are not earnings. The provided trailing EPS is -$0.22, and FairStock's calculations at the 2026-10-13 close show a P/E of -10.59, price-to-book of 10.13, ROE of -66.82%, and ROCE of -5.89%. The provided revenue growth figure is -19.56% and profit growth is -163.88%. In the second quarter of fiscal 2026, revenue was only $720,000, while net income was $25.6M, so the margin is distorted by the tiny revenue base; I would need repeated filing evidence before calling that a turning point. Free cash flow is -$167.1M over the trailing twelve months, a -4.7% FCF yield, so the enterprise is consuming cash. The balance sheet shows D/E of 2.38, Altman Z-Score 1.22, and Piotroski F-Score 3/9—weak by my standards. FairStock assigns no Lynch category because only 0 years of filed results are available, needing 3. The 52-week range is $2.20-$4.43, and the shares sit near the low. That may reflect uranium optionality, but Graham would ask for a margin of safety, not a story. Until Denison shows durable positive free cash flow and earnings from operations, I would treat it as a speculative development bet, not a value investment.

In plain English: Denison Mines is a uranium explorer and developer in Canada, and it owns most of the Wheeler River project. The business does not make steady money yet: it lost money over the past year and burned cash, while its latest quarter showed a positive profit on very small revenue. At $2.33 per share, the price looks expensive compared with its earnings and assets, though the uranium project could be valuable if it is built.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer