Scotiabank cuts target for Denison Mines stock to CAD 7.00

Published on 10/20/2026 at 21:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 2026 revenue was CAD 0.72 million. Denison Mines stock costs EUR 2.02 on October 20, 2026, 0.49 percent below the Tradegate close.

Analyst target and reporting date

Scotiabank cut its Denison Mines target to CAD 7.00 from CAD 7.50 on October 13, 2026.
Second-quarter 2026 revenue was CAD 0.72 million, reported on August 12, 2026.
Denison Mines stock costs EUR 2.02 at Lang & Schwarz on October 20, 2026 at 8:54 p.m. CEST, 0.49 percent below the Tradegate close of October 16, 2026.
MarketBeat lists November 3, 2026 for the expected third-quarter 2026 results announcement.

DML, CA2483561072, Illustration mit AI erstellt.

Scotiabank cut its Denison Mines target to CAD 7.00 from CAD 7.50 on October 13, 2026, according to The Globe and Mail. The revision gives investors a fresh benchmark while keeping the target well above the Canadian-listed share price. Denison Mines stock was trading at EUR 2.02 at Lang & Schwarz on October 20, 2026 at 8:54 p.m. CEST, 0.49 percent below the Tradegate close of October 16, 2026 at EUR 2.03.

Target remains above the stock

The Scotiabank change leaves the target CAD 3.80 above Denison Mines at CAD 3.20 on the TSX at 2:59 p.m. ET on October 20, 2026. The target is 118.75 percent above that Canadian price, calculated in the same currency. The target cut is therefore material, but the remaining gap still defines the analyst case.

Second-quarter revenue was CAD 0.72 million

Denison Mines reported CAD 0.72 million of revenue and CAD 0.03 diluted earnings per share for the second quarter of 2026, released on August 12, 2026, according to MarketBeat. Revenue was CAD 0.72 million against CAD 1.11 million in the first quarter, a quarter-over-quarter decline of 35.14 percent. The reported profit figure was also sharply different from the CAD 0.13 diluted loss per share in the first quarter.

Price range and company position

On October 20, 2026, Denison Mines traded between CAD 3.13 and CAD 3.26 on the TSX, with 2,182,381 shares changing hands by the finance-data timestamp. Its 52-week range was CAD 2.99 to CAD 6.04, placing the current Canadian quote 7.02 percent above the low and 47.02 percent below the high. The company holds a 95 percent interest in the Wheeler River uranium project, according to Denison Mines.

What date matters next?

MarketBeat lists November 3, 2026 as the expected announcement date for Denison Mines third-quarter 2026 results, after the market close, with a conference call scheduled for 4:00 p.m. ET. The same page lists consensus estimates of a CAD 0.02 loss per share and CAD 2.32 million in revenue, but those are forecasts rather than reported results.

Peer prices show a mixed uranium group

Denison Mines had a price-to-earnings ratio of minus 10.34 and a market capitalization of CAD 2.9 billion on October 20, 2026. Cameco traded at CAD 113.21 on the TSX, down 0.59 percent, with a price-to-earnings ratio of 138.52 and a market capitalization of CAD 49.3 billion. NexGen Energy traded at CAD 11.97 on the TSX, down 0.17 percent, with a negative price-to-earnings ratio of 21.37 and a market capitalization of CAD 8.0 billion.

Analyst target frames the next update

For investors, the immediate comparison is between the reduced CAD 7.00 target, the CAD 3.20 TSX quote and the November 3 reporting date. The next results will provide the next dated test of revenue, earnings and project progress.

Denison Mines stock was trading at EUR 2.02 at Lang & Schwarz on October 20, 2026 at 8:54 p.m. CEST, 0.49 percent below the Tradegate close of October 16, 2026 at EUR 2.03. The further course of trading is shown by the continuously updated real-time quote of Denison Mines stock.