10 Best Penny Stocks to Buy for 2025

7. Denison Mines Corp. (NYSE:DNN)

Stock Upside Potential: 54.35%

Number of Hedge Fund Holders: 23

Denison Mines Corp. (NYSE:DNN) is an energy company that acquires, explores, and develops uranium-bearing properties. Its flagship project is the Wheeler River uranium project in the Athabasca Basin region in northern Saskatchewan. While the stock is up by about 9% in 2024, it is one of the best penny stocks to buy for 2025 owing to growing demand for Lithium.

As one of the largest Uranium mining companies, it is well positioned to benefit from the US banning Uranium imports from Russia. With the US looking for an alternate route for Uranium supply, Denison Mines Corp. (NYSE:DNN) should be the biggest beneficiary. The resurgence in demand for nuclear energy is another potential catalyst that strengthens the company’s growth metrics.

Tech giants led by Alphabet, Amazon and Microsoft are racing against time to secure reliable energy supply to power their data centers. Likewise, increased focus on clean energy away from fossil fuels has triggered demand and debate for nuclear energy. Consequently, demand for uranium is expected to skyrocket, a development that should benefit Denison Mines Corp. (NYSE:DNN) in 2025.

Analysts on Wall Street are bullish about Denison Mines long-term prospects, going by the average price target of $2.84, which implies a 54.35% upside potential.