Loading…
Develops the Wheeler River uranium deposit in Saskatchewan's Athabasca Basin using in-situ recovery mining.
Develops the Wheeler River uranium deposit in Saskatchewan's Athabasca Basin using in-situ recovery mining.
Not yet producing from its own mines, it earns only small income from its share of the McClean Lake mill, which processes ore from others' mines. Spending goes mainly into permitting and building Wheeler River, which would be the first in-situ recovery uranium mine in the Athabasca Basin, using wells instead of conventional underground mining.
Moat: narrow (installed base, regulatory licence). High-grade, low-cost ISR project in a top uranium jurisdiction with permitting well advanced.
Headquarters: Toronto, Canada · Employees: 95
Size Denison Mines (DML.TO) is a Canada Materials company (Other Metals/Minerals) with a market value of $2.00B, the 185th largest of 420 Canada companies the cockpit tracks. Shares closed at C$3.09 on 6 Nov 2026.
Performance Over six months the shares fell 39.2%, against -21.8% for the median peer and +5.2% for the Canada market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue fell 9.4% over the last twelve months (peer median +31.2%); the operating margin is -2,100.7% (peer median 7.2%).
Valuation It trades at 9.68× book value against a peer median of 2.12× (2nd most expensive of 21).
Price implies The share price implies a return on equity of about 95.2%; Denison Mines delivers -66.8%, so the price asks more than the business earns today.
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$4.09M | C$4.92M | C$4.02M | C$1.85M | C$8.97M |
| Revenue growth | — | +22% | +117% | -79% | — |
| Gross profit | -C$76.8M | -C$80.9M | -C$54.1M | -C$32.1M | -C$28.2M |
| EBITDA | -C$59.5M | -C$68.2M | -C$53.4M | -C$43.1M | -C$30.9M |
| Net income | -C$276M | -C$217M | -C$91.1M | C$90.4M | C$14.4M |
| Free cash flow | -C$167M | -C$119M | -C$48.1M | -C$33.9M | -C$35.0M |
| Capital expenditure | C$80.0M | C$50.5M | C$7.69M | C$3.23M | C$6.87M |
| Total debt | C$687M | C$614M | C$2.41M | C$417,000 | C$576,000 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Denison Mines DML.TO | $2.00B | -39% | -9% | -67% | 9.68× | 95.2% |
| NexGen Energy NXE.TO | $5.57B | -31% | n/a | -18% | 4.23× | 41.6% |
| Cameco CCO.TO | $31.3B | -38% | 0% | 6% | 6.06× | 41.2% |
| Paladin Energy PDN.TO | $2.39B | -38% | +80% | 1% | 2.07× | 7.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DML.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.6% | -8.9% | 9th lowest of 21 |
| 6-month return | -39.2% | -21.8% | 6th lowest of 21 |
| Return on equity | -66.8% | 7.7% | lowest of 21 |
| Price / book | 9.68× | 2.12× | 2nd most expensive of 21 |
| ROE the price implies | 95.2% | 22.6% | 3rd most demanding of 21 |
| ROE delivered | -66.8% | 7.8% | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Denison Mines DML.TO | Canada | $2.00B | -39% | -9% | -67% | 9.68× | 95.2% | -66.8% |
| CGN Mining 1164.HK | Hong Kong | $2.03B | -47% | +15% | 11% | 3.54× | 18.4% | 10.5% |
| Lianyou Metals 7610.TW | Taiwan | $2.03B | +89% | +238% | 86% | 21.52× | 296.6% | 86.3% |
| Henan Liliang Diamond 301071.SZ | China | $2.03B | -2% | +73% | 5% | 2.50× | 28.9% | 4.6% |
| Anhui Jingcheng Copper Share 002171.SZ | China | $2.07B | -22% | +35% | 5% | 1.54× | 17.2% | 5.0% |
| Jiaxin International Resources Investment 3858.HK | Hong Kong | $2.08B | -56% | +2,782% | 118% | 5.17× | 41.2% | 118.1% |
| Guangdong Jia Yuan Technology Shares 688388.SS | China | $2.12B | -38% | +81% | 7% | 1.63× | 23.2% | 7.4% |
| Beijing Zhong Ke San Huan High-Tech 000970.SZ | China | $1.87B | -16% | +11% | 1% | 1.87× | 22.1% | 1.2% |
| Centrus Energy LEU | United States | $2.14B | -50% | +8% | 8% | 2.47× | 25.0% | 8.1% |
| 5N Plus VNP.TO | Canada | $2.15B | -10% | +32% | 26% | 8.50× | 79.1% | 25.6% |
| Altius Minerals ALS.TO | Canada | $2.16B | -2% | +68% | 31% | 2.15× | 9.8% | 31.3% |
| Jiangsu ToLand Alloy 300855.SZ | China | $1.83B | -21% | +75% | 20% | 5.35× | 45.6% | 19.8% |
| Yantai Zhenghai Magnetic Material 300224.SZ | China | $1.79B | -1% | +16% | 7% | 2.31× | 25.2% | 7.3% |
| Co-tech Development 8358.TWO | Taiwan | $2.24B | -30% | +31% | 21% | 8.23× | 108.2% | 21.4% |
| Energy Fuels EFR.TO | Canada | $1.78B | -70% | +70% | -11% | 2.09× | 23.8% | -11.4% |
| Nickel Industries NIC.AX | Australia | $1.78B | -46% | -3% | -1% | 0.85× | 10.0% | -0.9% |
| Iluka Resources ILU.AX | Australia | $1.77B | -30% | -20% | -18% | 1.25× | 12.5% | -18.0% |
| Ningbo Boway Alloy Material 601137.SS | China | $2.26B | -6% | +31% | -2% | 1.51× | 17.7% | -1.7% |
| Baoji Titanium Industry 600456.SS | China | $1.76B | -26% | +14% | 4% | 1.61× | 14.4% | 4.4% |
| Yellow Cake YCA.L | United Kingdom | $1.74B | -12% | n/a | 23% | 0.81× | 7.7% | 23.2% |
| RHI Magnesita RHIM.L | United Kingdom | $1.74B | +2% | -1% | 11% | 1.30× | 19.4% | 10.7% |