Denison Mines Corp. (DNN) Gained Almost 13% This Week. Here is Why.

The share price of Denison Mines Corp. (NYSE:DNN) surged by 12.88% between June 11 and June 18, 2025, putting it among the Energy Stocks that Gained the Most This Week.

An open pit mine with a large yellow excavator machine with tailings visible in the background, illustrating the uranium extraction process.

Denison Mines Corp. (NYSE:DNN) is a uranium exploration and development company with interests focused on the Athabasca Basin region of northern Saskatchewan, Canada.

Denison Mines Corp. (NYSE:DNN) surged following a jump in the global price of uranium, which has increased by more than 7% over the last week. The uptick follows an announcement by the Sprott Physical Uranium Trust that it would buy around $200 million worth of physical uranium, twice the amount it initially signaled in its agreement with Canaccord Genuity.

Additionally, uranium stocks have received a boost from a reinvigorated interest in nuclear energy by the United States government, with President Trump recently signing an executive order to cut regulations and quadruple the country’s nuclear energy capacity by 2050.

Following this recent rally, the share price of Denison Mines Corp. (NYSE:DNN) has surged by more than 30% over the last month.

While we acknowledge the potential of DNN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.