12 Best Nuclear Energy Stocks to Buy Now

10. Denison Mines Corp. (NYSE:DNN)

Number of Hedge Fund Holders: 35

On January 15, 2026, Raymond James raised its price target on Denison Mines Corp. (NYSE:DNN) to C$5.05 from C$4.30 and maintained an Outperform rating. The adjustment came as part of the firm’s broader mining sector update.

Earlier, on January 6, 2026, Canaccord also lifted its price target on Denison Mines to C$5 from C$4.40, while keeping a Speculative Buy rating, adding to the run of positive analyst revisions around the stock.

On January 2, 2026, Denison Mines said it is ready to move to a final investment decision on its Phoenix in-situ recovery uranium mine, pending final regulatory approvals. The company considers the project construction-ready after progress made in 2025, with a two-year build timeline and first production targeted for mid-2028 if approvals are secured in Q1 2026.

Denison also raised its initial capital estimate to about $600 million, roughly 20% higher than the 2023 feasibility study, reflecting inflation and project refinements. The company said most major equipment and materials are already contracted or in advanced bidding, helping support the current construction and production timeline.

Denison Mines Corp. (NYSE:DNN) is a uranium mining, development, and exploration company focused on Canada’s Athabasca Basin. The company holds an effective 95% interest in its flagship Wheeler River Uranium Project, one of the largest undeveloped uranium assets in the eastern Athabasca region.