Denison Mines stock reports Q2 earnings as Phoenix work advances

Published on 10/07/2026 at 05:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Denison Mines stock posted Q2 2026 EPS of CAD 0.028 versus CAD 0.014 a year earlier. MarketBeat counted seven analysts at a Moderate Buy consensus on October 1, 2026.

DML, CA2483561072, Illustration mit AI erstellt.

Denison Mines (ISIN CA2483561072) was last at CAD 3.87 on the Toronto Stock Exchange on October 6, 2026 at 4:00 p.m. ET, up 3.20 percent from the prior session. The stronger trading session followed Q2 2026 results that kept attention on the Phoenix uranium project and its construction schedule.

Q2 earnings show the project stage

Denison reported Q2 2026 adjusted earnings per share of CAD 0.028, compared with CAD 0.014 in Q2 2025, while net income reached CAD 25.6 million, up 105 percent year over year, according to Simply Wall St on August 13, 2026. The comparison is important because Denison remains focused on developing assets rather than operating a large producing mine.

MarketBeat describes Denison as a uranium exploration, development and production company centered on the Athabasca Basin in Saskatchewan. Its Wheeler River project includes the Phoenix and Gryphon deposits, with Phoenix advancing through in-situ recovery development.

Phoenix construction drives the story

Full-scale construction at Phoenix began in July 2026, according to Simply Wall St. That milestone shifts the key operating question from permitting toward execution, capital deployment and the timing of first production.

The analyst backdrop is constructive but uses the separate U.S. listing. According to MarketBeat on October 1, 2026, seven analysts produced a Moderate Buy consensus, with six Buy ratings and one Hold rating, and an average 12-month target of USD 5.38. The source also reported that Jefferies began coverage with a Buy rating on September 3, 2026, while The Globe and Mail listed a CA$5.20 target for the initiation.

DML remains below its yearly high

DML.TO traded between CAD 3.80 and CAD 4.01 on October 6, 2026, with volume of 5,775,473 shares. Its CAD 3.87 price stood 35.9 percent below the 52-week high of CAD 6.04 and 24.0 percent above the 52-week low of CAD 3.12, leaving construction execution as the central valuation variable.

Denison Mines has a market capitalization of CAD 3.5 billion as of October 6, 2026. Investing.com lists November 3, 2026 as the next earnings date.

Stock last at CAD 3.87

Denison Mines stock was last at CAD 3.87 on the Toronto Stock Exchange on October 6, 2026 at 4:00 p.m. ET, with a 52-week range of CAD 3.12 to CAD 6.04.