Denison Mines (TSX:DML) Beginning Cash Position: C$465.92 Mil (As of Mar. 2026)

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TSX:DML Denison Mines Corp TSX:DML
62 GF Score
Price C$4.35
GF Value C$2.63
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Denison Mines Beginning Cash Position?

Denison Mines TSX:DML -2.47% 62 Beginning Cash Position is C$465.92 Mil as of Mar. 2026. GuruFocus rates TSX:DML with a GF Score™ of 62/100 and a GF Value™ of C$2.63 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Denison Mines's Beginning Cash Position for the quarter that ended in Mar. 2026 was C$465.92 Mil.

Denison Mines's quarterly Beginning Cash Position increased from Sep. 2025 (C$54.53 Mil) to Dec. 2025 (C$471.26 Mil) but then declined from Dec. 2025 (C$471.26 Mil) to Mar. 2026 (C$465.92 Mil).

Denison Mines's annual Beginning Cash Position increased from Dec. 2023 (C$50.92 Mil) to Dec. 2024 (C$131.05 Mil) but then declined from Dec. 2024 (C$131.05 Mil) to Dec. 2025 (C$108.52 Mil).

Denison Mines Beginning Cash Position Related Terms

Denison Mines Beginning Cash Position Historical Data

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The historical data trend for Denison Mines's Beginning Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Denison Mines Beginning Cash Position Chart

Denison Mines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.99 64.00 50.92 131.05 108.52

Denison Mines Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 108.52 83.58 54.53 471.26 465.92
TSX:DML
62GF Score
Denison Mines Corp TSX:DML
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
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Denison Mines Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of C$465.92 Mil mean?
Denison Mines (TSX:DML) has a Beginning Cash Position of C$465.92 Mil as of Mar. 2026. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Denison Mines and its competitors.
Is Denison Mines' Beginning Cash Position too high?
Denison Mines' current Beginning Cash Position is C$465.92 Mil. Overall, Denison Mines has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Denison Mines' Beginning Cash Position compare to UEC and LEU?
Denison Mines' Beginning Cash Position of C$465.92 Mil can be compared against companies in the Other Energy Sources industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for an Other Energy Sources company?
A good Beginning Cash Position depends on the Other Energy Sources industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Denison Mines and its competitors. Denison Mines's current Beginning Cash Position is C$465.92 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Denison Mines stock overvalued right now?
Based on GuruFocus' analysis, Denison Mines (TSX:DML) is currently considered Significantly Overvalued. The stock's GF Value™ is C$2.63, compared to a current price of C$4.35 — trading 65.4% above its estimated fair value. The current Beginning Cash Position is C$465.92 Mil. Denison Mines' overall GF Score™ is 62/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For Denison Mines (TSX:DML), the current Beginning Cash Position is C$465.92 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Denison Mines (TSX:DML) Overvalued in 2026?

Based on GuruFocus' analysis, Denison Mines stock appears to be overvalued. The current stock price of C$4.35 is trading 65.4% above its estimated GF Value™ of C$2.63. GuruFocus considers Denison Mines to be Significantly Overvalued.

Key valuation signals for TSX:DML:

  • Beginning Cash Position: C$465.92 Mil
  • GF Value™: C$2.63 vs. price of C$4.35 (65.4% above fair value)
  • GF Score™: 62/100 with 8 warning signs

No single metric tells the full story. See the TSX:DML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Denison Mines Business Description

Other Exchanges DNN:USA0URY:UKIUQ:Germany
Address 40 University Avenue, Suite 1100, Toronto, ON, CAN, M5J 1T1
Denison Mines Corp is engaged in uranium mining-related activities, including the acquisition, exploration, development, and mining of uranium-bearing properties, as well as the processing, sale, and investment in uranium. The company's key properties include Wheeler River, Waterbury Lake, McClean Lake, Midwest, and others. It operates through two segments: the Mining segment and the Corporate and Other segment. The majority of the company's revenue is generated from the Mining segment, which includes activities related to exploration, evaluation, and development, mining, milling (including toll milling), and the sale of mineral concentrates.
62GF Score

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Beginning Cash Position is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$4.35
Price
C$2.63
GF Value