Should You Buy Denison Mines Corp (DNN) Today? Analysis, Price Targets, and 2026 Outlook.
Conclusion
Hold
Latest Price
4.310
1 Day change
9.39%
52 Week Range
4.320
Analysis Updated At
2026/01/28
DNN is not a good buy right now at ~$4.30 after a sharp +9.39% regular-session jump that has pushed momentum into overbought territory. For a beginner long-term investor who is impatient and wants to enter immediately, the risk/reward is unfavorable at this exact level; the trend is bullish, but the stock looks stretched and is prone to near-term cooling. I would HOLD (do not chase today’s spike).
Technical Analysis
Trend is bullish but extended. Moving averages are strongly bullish (SMA_5 > SMA_20 > SMA_200), and MACD histogram is positive and expanding (0.0537), confirming upside momentum. However, RSI_6 is extremely overbought at ~83, which often coincides with short-term pullbacks or sideways consolidation. Price is above first resistance (R1 ~4.194) and is approaching the next resistance zone near R2 ~4.435. Key levels: Pivot ~3.805 (first meaningful pullback area), Support S1 ~3.415; Resistance R2 ~4.435. Net: bullish primary trend, but entry timing is poor right now due to overbought conditions.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Options positioning is strongly call-skewed (OI put/call 0.16; volume put/call 0.28), suggesting bullish sentiment/speculation. Implied volatility is elevated (30D IV ~82.66; IV percentile ~79.2), meaning the market is pricing large moves; this typically aligns with momentum-driven interest and event/sector headlines. Today’s volume is near 30D averages (today vs 30D avg ~29.69 shown, while 5D/10D volume averages are ~3473/~3858), indicating active but not uniquely explosive options flow relative to recent levels.
Technical Summary
Sell
4
Buy
10
Positive Catalysts
1) Uranium/nuclear sector tailwinds: uranium and nuclear-related stocks rising after pro-nuclear remarks tied to U.S. commitment to nuclear energy (2026-01-21) and policy narrative targeting expanded nuclear capacity (2026-01-22). 2) Project/news flow tied to exploration upside: Skyharbour plans >15,000m drilling in 2026 with Denison collaboration, supporting continued uranium discovery/value narrative (2026-01-22). 3) Options market sentiment is clearly risk-on (very low put/call ratios), reinforcing bullish positioning.
Neutral/Negative Catalysts
1) Near-term technical exhaustion risk: RSI ~83 (overbought) after a strong one-day move increases odds of a pullback/consolidation. 2) Financial quality still weak: negative margins and sizable net loss (see latest quarter), which can limit how durable rallies are without sustained uranium-price strength or project de-risking catalysts. 3) Elevated IV indicates the market expects large swings; if sector momentum fades, downside can be quick.
Financial Performance
Latest reported quarter: 2025/Q3. Revenue grew to ~$1.045M (+50.36% YoY), but profitability remained very weak: net income was -$134.965M (loss widened materially YoY), EPS -$0.15, and gross margin fell further to about -15.69 (down ~67.45% YoY). Overall: top-line improved off a small base, but losses and negative margins dominate—fundamentals do not yet show a clean, self-sustaining earnings turnaround.
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent analyst trend is net supportive with mostly higher targets: Canaccord (2026-01-05) raised PT to C$5 from C$4.40 and maintained Speculative Buy; Roth (2025-11-11) raised PT to $3 from $2.75 and kept Buy (citing higher uranium price outlook into 2026); Raymond James (2025-11-10) slightly lowered PT to C$4.30 from C$4.35 but kept Outperform. Wall Street pros: strong leverage to uranium upside and improving macro/policy backdrop for nuclear. Cons: still speculative with weak current profitability and headline-driven price action. Hedge funds/insiders show no notable recent accumulation; no recent congress trading data available.
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 3.3 USD with a low forecast of 3 USD and a high forecast of 3.6 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 3.3 USD with a low forecast of 3 USD and a high forecast of 3.6 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
Averages
3.3
High
3.6
Current: 3.940
Low
3
Averages
3.3
High
3.6
Canaccord
Speculative Buy
maintain
$5
AI Analysis
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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