Denison Mines Stock Surges as Uranium Sector Gains Momentum

Denison Mines Corp. (DNN) shares rallied 6% last week, closing at $2.77 amid heightened institutional interest in uranium plays. The Canadian developer saw 97 million shares traded Thursday as tech giants like Nvidia and Alibaba signaled billion-dollar commitments to energy infrastructure.

Five analysts maintain a consensus 'Buy' rating, with TD Securities and Raymond James among those endorsing the stock. Denison recently secured $345 million in convertible notes to advance its Phoenix uranium project in Saskatchewan's Athabasca Basin region.

Institutional ownership now stands at 36.74%, with hedge funds accumulating positions. The uranium sector's revival ties to nuclear power's role in supporting energy-intensive AI operations—a thematic driver attracting crossover investors.