Should I buy Denison Mines stock in 2025?

What is Denison Mines?

How much is the Denison Mines stock?

The price of Denison Mines stock is falling this week. As of today, Denison Mines trades at 2.20 CAD on the TSX, showing a 24-hour drop of -7.17%, with weekly change data currently unavailable.

As Denison Mines is a development-stage company, its P/E ratio is not applicable and it does not pay a dividend at this time.

The stock's beta is close to 1.0, indicating volatility in line with the broader market.

Investors in Ireland should be aware that price swings in the uranium sector can lead to notable stock fluctuations.

Our complete analysis of the Denison Mines stock

After a rigorous examination of Denison Mines’ latest quarterly financials and a careful review of the stock’s three-year trajectory, our analysis—built on integrated financial metrics, technical indicators, and an objective comparison of peer activity—highlights key drivers influencing its current standing. Leveraging our proprietary multi-factor models, we draw on broad market data and sector-specific signals to bring clarity to the stock’s risk/reward profile. So, why might Denison Mines stock once again become a strategic entry point into the uranium sector in 2025?

Recent Performance and Market Context

Denison Mines (TSX: DML; NYSE American: DNN) has experienced dynamic price movements in recent sessions, mirroring volatility across the energy and resources landscape. As of 30 May 2025, the stock trades at 2.20 CAD on the TSX and 1.60 USD on the NYSE American, marking an intraday pullback of roughly 7%—a retracement that, rather than being a signal of underlying weakness, appears to reflect short-term sector rotation and profit-taking after a robust rally earlier this year. The 52-week range (TSX) of 1.58 to 3.45 CAD demonstrates both the stock’s capacity for strong advances and its resilience, even in turbulent periods.

Several recent developments bolster the investment case for Denison Mines. The company advanced its flagship Phoenix project to 75% engineering completion, emphasizing operational focus and execution. Meanwhile, Denison’s effective 95% interest in the Wheeler River Project—the largest undeveloped uranium resource in the Athabasca Basin—places it squarely at the forefront of North America’s next wave of uranium production. This impressive progress aligns with a palpable shift towards nuclear energy globally, supported by favourable policy dynamics, especially in the EU, North America, and, increasingly, the UK and Ireland, where energy security and decarbonisation remain paramount.

Macroeconomic conditions continue to brighten for uranium producers. Spot prices for uranium have firmed throughout 2024 and into 2025, propelled by tightening global supply, strong demand from both established and emerging nuclear power markets, and a re-rating of nuclear as a critical pillar in the energy transition.

Technical Analysis

From a technical perspective, Denison Mines is currently presenting a blend of encouraging and neutral signals, with a bias towards a recovery scenario.

• The 14-day RSI stands at 57.74, squarely in neutral territory, but trending upward—suggestive of latent accumulation without yet entering overbought territory.
• Moving averages reinforce this constructive outlook. The 20-, 50-, and 100-day moving averages all display “buy” signals, with respective values of 1.52, 1.42, and 1.56 USD against the current price of 1.60 USD—indicating firming short- and medium-term momentum.
• The 200-day moving average, currently at 1.75 USD, registers a “sell” signal, yet this may present an opportunity: with the price near multi-month support amid solid fundamental drivers, the setup could indicate the formation of a technical base for the next leg higher.
• The stock finds established technical support at 1.58 CAD (the 52-week low) and faces initial resistance at 3.45 CAD.

The convergence of upward-trending shorter-term moving averages, a neutral RSI, and established support levels suggests Denison Mines may be forming a compelling launchpad for a new bullish phase—particularly if accompanied by further positive news flow or sector tailwinds.

Fundamental Analysis

Turning to the fundamentals, Denison Mines’ investment narrative is underpinned by clear structural strengths:

• Resource Quality & Expansion: Wheeler River remains the largest undeveloped uranium project in the eastern Athabasca Basin—a globally renowned uranium district. With an effective 95% interest and major engineering milestones met at the Phoenix deposit (75% complete), Denison has positioned itself as the “go-to” near-term production candidate amongst smaller uranium names.
• Innovation & Technology: The company’s expertise in In-Situ Recovery (ISR) technology is a clear differentiator, offering lower cost, lower environmental impact, and scalability compared to traditional mining techniques. This is especially relevant given increasing ESG scrutiny among institutional investors.
• Financial Resilience and Growth Orientation: Although still in the development phase (no positive P/E at present), Denison has managed capital efficiently, investing over $7 million USD into key project advancement in Q1 2025, with a growing capital base poised for construction in 2026.
• Attractive Valuation & Analyst Sentiment: The consensus 12-month price target stands at 3.80 CAD—implying a 73% upside from current levels—with unanimous “Strong Buy” support from five covering analysts. This robust endorsement reflects underlying confidence in Denison’s value proposition as sector growth accelerates.

While Denison reported a quarterly loss per share (-0.049 CAD in Q1 2025 vs. -0.022 CAD a year earlier), this is both typical and anticipated for pre-production mining developers. Analyst expectations remain anchored by the project’s vast upside potential and the company’s disciplined cost base.

Volume and Liquidity

Denison Mines boasts a healthy average daily trading volume of 7.04 million shares (TSX)—a clear signal of market confidence and institutional interest, especially when compared to similarly capitalised uranium peers. The high level of liquidity enables agile position management for both private and professional investors, ensuring efficient price discovery and tight bid-ask spreads.

The stock’s substantial float and active two-market listing (Toronto and New York) add to its attractiveness for both domestic and international investors seeking exposure to uranium’s structural upcycle.

Catalysts and Positive Outlook

The next 12–18 months appear rich in potential catalysts:

• Phoenix ISR Commercialisation: The scheduled completion of engineering and anticipated 2026 construction kickoff form the development backbone, offering recurring opportunity for meaningful de-risking and value uplift with each milestone.
• Favourable Sector Dynamics: Improvements in uranium market conditions—driven by resurgent global demand, constrained new supply, and geopolitical emphasis on energy independence—stand to benefit Denison disproportionately due to its near-production profile and robust asset base.
• ESG and Regulatory Tailwinds: Denison’s focus on ISR, a more sustainable and less disruptive mining method, aligns with the broader push for ESG-compliant investment opportunities in the resources sector.
• Strategic M&A Potential: With a strong technical and asset base, Denison remains a credible partner or acquisition target as major uranium players look to rebuild supply pipelines.
• Broader Nuclear Renaissance: International policy shifts (including EU/UK green taxonomies and G7 pronouncements) are enhancing uranium market conditions and investor sentiment.
• Environmental and Service Diversification: The Closed Mines group’s management of mine decommissioning adds an understated but valuable stream of future cash flows, reinforcing the company’s diversified approach and ESG credentials.

Investment Strategies

Denison Mines offers an attractive setup for a range of strategies, driven by its developmental stage, sector momentum, and technical pattern:

• Short-term: Traders may seek to capitalise on volatility and technical support at 1.58 CAD, aiming for rebounds towards the major resistance at 3.45 CAD.
• Medium-term: Investors can position ahead of anticipated Phoenix project milestones and year-end uranium market flows, benefiting from likely positive news flow and sector sentiment.
• Long-term: With commercial production targeted for 2026 and structural uranium demand only growing, Denison presents an appealing avenue for portfolio exposure to the secular energy transition, with strong upside relative to current valuation versus consensus targets.

In each timeframe, Denison's share price seems to be consolidating above multilayered support, suggesting downside risk may be comparatively limited relative to the potential for material appreciation as catalysts crystallize.

Is it the Right Time to Buy Denison Mines?

In summary, Denison Mines brings a blend of compelling fundamentals, visible strategic execution, and technical resilience to the table. The advancing Phoenix project and Wheeler River assets, innovative ISR technology, and a healthy balance between commercial focus and environmental stewardship all contribute to a powerful narrative underpinned by strong analyst support.

With the stock trading near technical support, a 73% consensus upside, robust liquidity, and the uranium sector enjoying historic tailwinds, Denison Mines appears to embody the characteristics of a company on the cusp of pivotal transformation. For investors looking to capture the re-rating potential of the next uranium cycle, the present environment seems ripe for deeper consideration, with Denison poised as a best-in-class candidate.

As Denison Mines continues to unlock value through engineering progress and rides the momentum of an increasingly favourable market, its share price seems to represent an excellent opportunity for those seeking exposure to the uranium renaissance—and a company on the verge of advancing from developer to major producer.

How to buy Denison Mines stock in Ireland?

Buying Denison Mines shares online is both straightforward and secure when you use a regulated broker operating in Ireland. Today’s platforms make it easy for investors to get exposure to Denison Mines—whether they prefer to buy real shares (“spot” or “cash” buying) or to speculate on price changes through derivatives like Contracts for Difference (CFDs). Both methods have their unique advantages, suited to different investor profiles. Finding the right broker matters, so you’ll find a comprehensive comparison further down this page to help with your decision.

Spot buying

A cash purchase means you are directly acquiring Denison Mines shares in your own name via an online broker. This method gives you shareholder rights, such as voting at AGMs, and you benefit from any potential share price increases (and possible dividends, though Denison currently pays none). With most online brokers serving Ireland, the typical fee structure for a spot share purchase is a fixed commission per trade, often ranging between €3–€8.

Example

Let’s say Denison Mines (DNN) is trading at $1.60 USD per share. With a $1,000 investment, you can buy around 623 shares ($1,000 ÷ $1.60 = 625 shares; after a brokerage fee of about $5, you’d purchase slightly fewer shares).

Gain scenario: If the share price rises 10% to $1.76, your shares are now worth $1,100.

Result: +$100 gross gain, or +10% on your investment (excluding minor currency conversion costs for EUR account holders).

Trading via CFD

CFD trading allows you to speculate on Denison Mines’ price movements without owning the underlying shares. When you open a CFD position, you only deposit a fraction of the full trade value (margin) and can use leverage—magnifying both potential gains and losses. The main fees are the spread (the difference between buy and sell price) and overnight financing costs if you hold your position beyond a day.

Example

If you use €1,000 to open a CFD on Denison Mines with 5x leverage, your position size becomes $5,000.

Gain scenario: If Denison Mines rises 8%, your exposure increases 8% × 5 = 40%, so your position’s value has gained $400 (on a $1,000 stake, before fees).

Result: +$400 gain (excluding spread and financing costs), illustrating the effect of leverage—remember, losses are magnified the same way.

Final advice

Before investing in Denison Mines, it’s essential to compare the fees, trading conditions, and regulatory status of different brokers—these can significantly impact your returns over time. Whether you choose to buy shares outright or trade via CFDs will depend on your risk appetite, investment timeframe, and personal goals. Use the broker comparison further below to make a decision that suits your strategy and start investing in Denison Mines with confidence.

Our 7 tips for buying Denison Mines stock

The latest news about Denison Mines

Denison Mines achieves 75% completion in Phoenix Project engineering, maintaining momentum toward 2026 construction start. In the past week, Denison Mines confirmed substantial progress in engineering at their flagship Phoenix Project, which now stands at 75% completion. Over 7 million USD has already been invested in the development phase this year, underlining a strong commitment to advancing this uranium asset in Saskatchewan’s Athabasca Basin. Project Phoenix represents a potentially disruptive innovation in In-Situ Recovery (ISR) uranium mining—a technology closely watched by international utility customers and European partners for its environmental and operational efficiencies.

Consensus among financial analysts remains “Strong Buy” with a substantial upside to target price. As of May 30, 2025, Denison Mines is rated “Strong Buy” unanimously among the five analysts covering the stock, who maintain a mean target price of 3.80 CAD, well above the current TSX price of 2.20 CAD—implying a potential gain of roughly 73%. This consensus is driven by the quality and scale of the Wheeler River project, including Phoenix and Gryphon deposits, which are strategically positioned as the largest undeveloped uranium asset in eastern Athabasca, a detail that supports robust investor confidence even from international capital—of particular relevance to institutional investors in Ireland seeking diversified uranium exposure.

Improved fundamentals in the global uranium market have reinforced sector sentiment and Denison’s strategic outlook. Within the last week, industry reports confirm that prevailing uranium prices remain favourable and projected demand for nuclear fuel is strengthening due to increased nuclear energy commitments across the EU, including Ireland’s neighbours. This trend supports a constructive environment for developers like Denison, with strategic partnerships and off-take discussions reportedly active—a scenario that enhances the company’s long-term sales visibility and aligns with the energy transition priorities increasingly relevant to Irish and broader European stakeholders.

Technical indicators reflect a moderately positive outlook, led by bullish signals on key moving averages. As of the end of May, Denison’s stock shows a neutral Relative Strength Index (RSI) of 57.7 and a mixed signal from its MACD, but presents clear buy signals on the 20-, 50-, and 100-day moving averages. Although the 200-day moving average and MACD suggest caution, the shorter-term technicals confirm ongoing accumulation and market support. These technical trends are considered by active investors in Ireland who follow North American uranium miners for tactical portfolio positioning.

No substantial negative regulatory or project-specific news, with ongoing focus on de-risking through environmental and closure activities. Over the last seven days, no new regulatory setbacks, ESG controversies, or adverse operational developments have been reported for Denison Mines. The company continues to advance environmental remediation and closure of former mining assets in parallel to project development activities, adding an extra layer of security and sustainability—key factors for ESG-conscious European asset managers and Irish institutional funds prioritising responsible mining practices in their global allocations.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.