Denison Mines (TSX:DML) Moat Score: 3/10 (As of Jun. 30, 2026)


TSX:DML Denison Mines Corp TSX:DML
62 GF Score
Price C$4.41
GF Value C$2.66
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Denison Mines Moat Score?

Denison Mines TSX:DML +0.46% 62 Moat Score is 3 as of Jun. 30, 2026. GuruFocus rates TSX:DML with a GF Score™ of 62/100 and a GF Value™ of C$2.66 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 185 Other Energy Sources companies, Denison Mines ranks better than 82.7% on this metric.

Denison Mines has the Moat Score of 3, which implies that the company might have No Moat - Very weak/transient advantages.

Denison Mines has No Moat: Denison Mines operates in a highly competitive mining sector with low switching costs and lacks significant market leadership, brand strength, or proprietary technology.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Denison Mines might have No Moat - Very weak/transient advantages.

Denison Mines  (TSX:DML) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Denison Mines Moat Score Related Terms

TSX:DML vs UEC, LEU: Moat Score Comparison

For the Uranium subindustry, Denison Mines's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Denison Mines Moat Score vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Denison Mines's Moat Score distribution charts can be found below:

* The bar in red indicates where Denison Mines's Moat Score falls into.


TSX:DML
62GF Score
Denison Mines Corp TSX:DML
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 3 mean?
Denison Mines (TSX:DML) has a Moat Score of 3 as of Jun. 30, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Denison Mines ranks #32 out of 185 companies in the Other Energy Sources industry, placing it in the top 17.3%.
Is Denison Mines' Moat Score too high?
Denison Mines' current Moat Score is 3. Based on the distribution chart, Denison Mines ranks #32 out of 185 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. 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' Moat Score compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Denison Mines ranks #32 out of 185 companies for Moat Score. This places Denison Mines in the top 17% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for an Other Energy Sources company?
A good Moat Score depends on the Other Energy Sources industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Denison Mines's current Moat Score is 3. 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$2.66, compared to a current price of C$4.41 — trading 65.8% above its estimated fair value. The current Moat Score is 3. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Denison Mines (TSX:DML), the current Moat Score is 3 as of Jun. 30, 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$4.41 is trading 65.8% above its estimated GF Value™ of C$2.66. GuruFocus considers Denison Mines to be Significantly Overvalued.

Key valuation signals for TSX:DML:

  • Moat Score: 3
  • GF Value™: C$2.66 vs. price of C$4.41 (65.8% 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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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$4.41
Price
C$2.66
GF Value