Strategic Partnership Agreement: Skyharbour's strategic agreement with Denison, valued at up to CAD $61.5 million, includes CAD $10 million in cash and CAD $43.5 million in future expenditures, marking a significant collaboration that is expected to expedite project development and enhance the company's market position.
Equity Structure Optimization: Denison will acquire between 20% and 70% ownership in the Russell Lake project, while Skyharbour retains initial interests of 80% to 30%, enabling Skyharbour to leverage Denison's resources and expertise to drive rapid project advancement.
Exploration Investment Commitment: Denison has committed to a minimum of CAD $4 million in exploration expenditures over the first two years at Wheeler North and Getty East, while maintaining its 20% participation interest in the RL claims, ensuring Skyharbour's operational leadership in future explorations.
Strong Financial Position: Skyharbour enters 2026 with over CAD $11 million in treasury, and will further enhance its financial stability through operator fees at the McGowan Lake exploration camp and cash and share payments from other option partners, supporting future exploration activities.
DNN
$2.6+Infinity%1D
Analyst Views on DNN
Wall Street analysts forecast DNN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DNN is 3.18 USD with a low forecast of 3.00 USD and a high forecast of 3.55 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.
5 Analyst Rating
Wall Street analysts forecast DNN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DNN is 3.18 USD with a low forecast of 3.00 USD and a high forecast of 3.55 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.
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.540
Low
3.00
Averages
3.18
High
3.55
Current: 2.540
Low
3.00
Averages
3.18
High
3.55
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.
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.
National Bank
Mohamed Sidibe
Outperform
maintain
2025-08-18
Reason
National Bank
Mohamed Sidibe
Price Target
2025-08-18
maintain
Outperform
Reason
National Bank analyst Mohamed Sidibe raised the firm's price target on Denison Mines to EUR 3.90 from EUR 3.75 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.
