TD Securities Raises its Price Target on Denison Mines Corp. (DNN) to C$6.50 from C$6

Denison Mines Corp. (NYSE:DNN) is one of the 8 Must-Buy Nuclear Energy Stocks to Invest In. On March 12, 2026, TD Securities raised its price target on Denison Mines Corp. (NYSE:DNN) to C$6.50 from C$6 and maintained a Buy rating.

Last month, Denison Mines said the Canadian Nuclear Safety Commission approved the Environmental Assessment and issued the Licence to Prepare Site & Construct a Mine and Mill for the Wheeler River Uranium Project. With prior approval from the Province of Saskatchewan and other required provincial permits already in place, the company said these represent the final regulatory approvals needed to begin construction of the Phoenix in-situ recovery uranium mine. The decision followed staff recommendations and public input, including a two-part hearing held in October and December, and included conditions that Denison worked to satisfy ahead of time. As a result, the company said it is positioned to proceed with site preparation and begin construction once a final investment decision is made.

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Earlier, Denison Mines awarded Wood Canada Limited a construction management contract to oversee development of the Phoenix in-situ recovery uranium mine following a competitive tender process, describing it as a “key milestone” and “another crucial step towards the commencement of construction.”

Denison Mines Corp. (NYSE:DNN) focuses on the acquisition, exploration, and development of uranium properties in Canada, including a majority interest in the Wheeler River project in Saskatchewan’s Athabasca Basin.

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