Denison Mines Corp's stock rose 3.05% as it reached a 52-week high amid positive market conditions.
The increase in stock price is attributed to the strategic partnership with Skyharbour Resources, which plans a major exploration campaign in 2026. This collaboration aims to leverage Denison's expertise from the Wheeler River project to enhance the Russell Lake project's development potential. The announcement highlights the growing interest in uranium exploration and the positive outlook for nuclear energy, contributing to investor confidence.
This partnership not only strengthens Denison's position in the uranium market but also aligns with the broader trend of increasing nuclear energy initiatives, potentially leading to further growth opportunities for the company.
Wall Street analysts forecast DNN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DNN is 3.30 USD with a low forecast of 3.00 USD and a high forecast of 3.60 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
Wall Street analysts forecast DNN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DNN is 3.30 USD with a low forecast of 3.00 USD and a high forecast of 3.60 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 3.940
Low
3.00
Averages
3.30
High
3.60
Current: 3.940
Low
3.00
Averages
3.30
High
3.60
Canaccord
Speculative Buy
maintain
$5
2026-01-05
Reason
Canaccord
Price Target
$5
AI Analysis
2026-01-05
maintain
Speculative Buy
Reason
Canaccord raised the firm's price target on Denison Mines to C$5 from C$4.40 and keeps a Speculative Buy rating on the shares.
Roth Capital
Buy
maintain
$3
2025-11-11
Reason
Roth Capital
Price Target
$3
2025-11-11
maintain
Buy
Reason
Roth Capital raised the firm's price target on Denison Mines to $3 from $2.75 and keeps a Buy rating on the shares. The company's Q3 results were impacted by non-cash charges related to its convertible notes offering, but were otherwise uneventfut, the analyst tells investors in a research note. Roth adds its higher price target reflects its outlook for higher uranium prices in 2026.
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Raymond James
Brian MacArthur
Outperform
downgrade
2025-11-10
Reason
Raymond James
Brian MacArthur
Price Target
2025-11-10
downgrade
Outperform
Reason
Raymond James analyst Brian MacArthur lowered the firm's price target on Denison Mines to C$4.30 from C$4.35 and keeps an Outperform rating on the shares.
Scotiabank
NULL -> Outperform
maintain
$4
2025-08-18
Reason
Scotiabank
Price Target
$4
2025-08-18
maintain
NULL -> Outperform
Reason
Scotiabank raised the firm's price target on Denison Mines to C$4.25 from C$4 and keeps an Outperform rating on the shares.
About DNN
Denison Mines Corp. is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of northern Saskatchewan, Canada. The Company holds a 95% interest in the Wheeler River Project, which is a uranium project. It hosts two uranium deposits: Phoenix and Gryphon. It is located along the eastern edge of the Athabasca Basin in northern Saskatchewan. It holds a 22.5% ownership interest in the McClean Lake joint venture (MLJV), which includes several uranium deposits and the McClean Lake uranium mill. It also holds a 25.17% interest in the Midwest Main and Midwest A deposits, and a 67.41% interest in the Tthe Heldeth Tue (THT) and Huskie deposits on the Waterbury Lake property. The Company, through JCU (Canada) Exploration Company, Limited, holds indirect interests in the Millennium project, the Kiggavik project, and the Christie Lake project. It also offers environmental services. The Company also uses MaxPERF drilling tool technology and systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
