12 Best Uranium Stocks to Invest in According to Analysts

7. Denison Mines Corp. (NYSE:DNN)

Number of Hedge Fund Holders: 31

Average Upside Potential: 100.72%

Denison Mines Corp. (NYSE:DNN) ranks 7th on our list of the best uranium stocks, with an average upside potential of 100%. DNN is a Canadian uranium exploration and development company. It holds a majority ownership stake in the Wheeler River project in northern Saskatchewan’s Athabasca Basin.

On April 4, investment advisory Desjardins started coverage of Denison Mines Corp. (NYSE:DNN) with a Buy rating and a price target of C$4. Analyst Bryce Adams from Desjardins highlighted Denison Mines’ 95% ownership of the Wheeler River project, which is nearing the end of permitting and is expected to begin construction in early 2026. He sees minimal financial risk, despite a C$275 million funding gap, due to Denison’s strong market position.

In late 2024, Denison Mines Corp. (NYSE:DNN) made a deal with Cosa Resources, giving Cosa a 70% interest in three of its uranium properties in Saskatchewan’s eastern Athabasca Basin. In exchange, Denison received about 14.2 million Cosa shares, $2.25 million in deferred equity, and a $6.5 million commitment from Cosa to fund exploration on the sites. The deal closed in January 2025, making Denison Cosa’s largest shareholder with just under 20% ownership, and the two companies have now partnered on three uranium exploration joint ventures.

According to Insider Monkey’s fourth quarter database, 31 hedge funds were bullish on Denison Mines Corp. (NYSE:DNN), compared to 23 funds in the prior quarter. Hood River Capital Management was the largest stakeholder of the company, with 26.6 million shares worth nearly $48 million.