Denison Mines is expected to report a loss of C$0.02 per share. Recent results have been mixed, and analysts have lowered their estimate.
Denison Mines Corp. (TSX: DML) is scheduled to report results for the quarter ended September 30, 2026, after markets close on November 3. Analysts expect earnings per share (EPS) of -C$0.02, compared with -C$0.01 a year earlier. The estimate is based on three analysts, and there is no revenue consensus.
Recent earnings trend
Denison Mines Corp
DML.TO
DML.TO
Denison Mines Corp
WealthAwesomeMarket cap
$3.04B
52W high
$6.04
52W low
$2.95
1W change
+7.87%
Beta
1.80
Analyst Price Targets
Based on analyst covering DML · as of Oct 16, 2026
Wall Street analysts forecast DML stock price to rise 95.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$6.42
+95.3% Upside
Previously C$6.46 on Sep 17, 2026
Current Price
C$3.29
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on DML's historical volatility
30-Day Vol
65.6%
Annualized
90-Day Vol
59.6%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$2.75
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$3.10 | C$2.47 – C$3.89 |
| 60 trading days | C$2.92 | C$2.12 – C$4.02 |
| 90 trading days | C$2.75 | C$1.86 – C$4.07 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 3 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-03 | — | -0.0200 | — |
| 2026-06-30 | 2026-08-12 | 0.0300 | -0.0100 | +400.0% |
| 2026-03-31 | 2026-05-11 | -0.1272 | -0.0100 | -1172.0% |
| 2025-12-31 | 2026-03-10 | -0.0300 | -0.0200 | -50.0% |
| 2025-09-30 | 2025-11-07 | -0.0100 | -0.0200 | +50.0% |
| 2025-06-30 | 2025-08-07 | 0.0100 | -0.0200 | +150.0% |
Denison is developing the Wheeler River project in Saskatchewan’s Athabasca Basin. So this quarter’s results are best viewed alongside the company’s longer-term project plans, rather than as a simple measure of operating momentum. See the Denison Mines stock page for more company and share information.
Investor takeaway: The report will show whether Denison’s EPS is close to the -C$0.02 consensus. The company beat estimates in two of its last four reported quarters, but the small analyst sample and lack of a revenue estimate make the forecast limited. Investors should also consider Denison’s uranium-development focus and the risks of a project-led business.
C$0.02 loss per share expected
Three analysts expect EPS of -C$0.02 for the quarter ended September 30. That’s C$0.01 below the -C$0.01 reported a year earlier. The estimate has edged down over the past month. Denison beat estimates in two of its last four reported quarters, but also had a notable miss.
Bull case
In its latest reported quarter, ended June 30, 2026, Denison posted EPS of C$0.03, above the -C$0.01 estimate. The company’s focus on Saskatchewan’s Athabasca Basin also ties its longer-term prospects to uranium supply through the Wheeler River project. The average analyst price target is C$6.42, compared with the latest close of C$3.29. Price targets are estimates, not guaranteed returns.
Bear case
Denison’s recent earnings have been uneven. It missed estimates in the March and December 2025 quarters, then beat them in September 2025 and June 2026. Analysts have also cut their September-quarter EPS estimate from -C$0.01 to -C$0.02 over the past 30 days. There was one downward revision and no upward revisions.
The shares closed below their 50-day and 200-day moving averages, and the company’s trailing 12-month EPS is -C$0.30. One quarter’s EPS result won’t answer questions about the timing or economics of future project development.
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