Denison Mines Corp. (DNN) Closes $345 Million Upsized Convertible Notes Offering; National Bank Raises PT to $4.57

Core Insights - Denison Mines Corp. (NYSE:DNN) has garnered significant interest from hedge funds, positioning it as one of the top 12 uranium stocks to consider for investment [1] Financial Developments - On August 15, 2025, Denison Mines closed a $345 million upsized convertible notes offering, securing net proceeds of approximately $333 million to further its Wheeler River uranium project. The offering features a 4.25% coupon and a capped call strategy, which saves over $100 million in interest while minimizing dilution risk [2] - National Bank raised its price target for Denison Mines from $4.40 to $4.57 on August 18, 2025, maintaining an 'Outperform' rating. This reflects a strengthened balance sheet and renewed analyst confidence as the company prepares for a final investment decision on its Phoenix ISR uranium mine [3] Company Overview - Denison Mines Corp. is a Canadian uranium mining and development company focused on advancing its Wheeler River Project located in Saskatchewan's Athabasca Basin, recognized as one of the best uranium stocks [4]