Denison Mines stock trades at EUR 2.28 as analysts stay bullish

Published on 09/29/2026 at 21:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

National Bank Financial set a CAD 6.50 target for Denison Mines on September 21, 2026. Q2 revenue reached CAD 0.72 million, while the quarterly loss was CAD 0.03 per share.

DML, CA2483561072, Illustration mit AI erstellt.

Denison Mines stock (ISIN CA2483561072) was trading at EUR 2.28 at Lang & Schwarz on September 29, 2026 at 9:31 p.m. CEST, down 0.44 percent from the prior close of EUR 2.29. The same session brought a sharper technical signal in Toronto, where MarketBeat reported a move below the CAD 4.61 200-day moving average.

Technical pressure meets analyst support

MarketBeat said Denison Mines shares traded as low as CAD 3.61 before closing at CAD 3.66 on September 29, 2026, with 2,663,141 shares changing hands. That close sat CAD 0.95 below the 200-day average, while the 52-week range stood at CAD 3.12 to CAD 6.04 in the same Canadian market context.

The contrast is clear: short-term price action weakened, but published analyst targets remained above the Toronto quote. MarketBeat reported that National Bank Financial assigned an outperform rating and a CAD 6.50 price target on September 21, 2026.

Q2 revenue remains limited

Denison's latest reported quarter added a fundamental counterweight to the analyst optimism. MarketBeat said the quarter ended June 30, 2026 produced revenue of CAD 0.72 million and a loss of CAD 0.03 per share. The revenue figure was paired with a negative net margin of 6,732.67 percent, underscoring the gap between development-stage uranium assets and recurring production revenue.

TradingView lists the same quarter at CAD 720,000 of revenue against a CAD 66.10 million estimate. For investors, that comparison makes project execution and future production milestones more important than current sales alone.

Uranium development remains central

Denison operates across uranium acquisition, exploration, development, extraction, processing and sales in Canada. Its Wheeler River project in Saskatchewan's Athabasca Basin is a central asset, with Denison holding a 95 percent interest.

Denison Mines stock stays under review

The euro reference quote remained at EUR 2.28 at Lang & Schwarz on September 29, 2026 at 9:31 p.m. CEST, versus the Lang & Schwarz prior close of EUR 2.29. In Toronto, the CAD 3.66 close and the CAD 4.61 200-day average frame the immediate technical gap, while the CAD 6.50 National Bank Financial target defines the published upside case.