Q: what would be you take on Denison mines.Do you think the stock will increase along
with the rest of the uranium mines like Cameco ?
with the rest of the uranium mines like Cameco ?
5i Research Answer:
DML is off to a great 2026, up 41% YTD. Market cap has risen to $4.6B. Its balance sheet is decent, but revenue so far is minimal, and losses and negative cash flow continue. Denison Mines targets first production from its Phoenix ISR uranium project by mid-2028. It should continue to benefit if the sector stays strong. Also, stocks can get re-rated higher as companies get closer to production and cash flow. We would consider it one of the better names for the sector.