Denison Mines (DNN) – Among the Energy Stocks that Gained This Week

Core Insights - Denison Mines Corp. (NYSEAMERICAN:DNN) experienced a significant share price increase of 24.71% from December 30, 2025, to January 6, 2026, making it one of the top-performing energy stocks during that week [1]. Company Developments - Denison Mines is a uranium exploration and development company focused on the Athabasca Basin region in northern Saskatchewan, Canada [2]. - On January 2, Denison Mines announced readiness to make a positive final investment decision (FID) and commence construction of the Phoenix in-situ recovery uranium mine, pending final regulatory approvals, with first production targeted for mid-2028 [3]. - David Cates, President and CEO, highlighted the company's readiness to start construction on the Phoenix ISR mine, following significant investment and progress, and the conclusion of the CNSC public hearing [4]. Market Support - On January 5, Denison Mines received a boost when Canaccord raised its price target from C$4.4 to C$5 while maintaining a 'Speculative Buy' rating [5]. - The company benefited from a surge in uranium prices, with US uranium futures reaching a two-month high on January 6, driven by US government awards for domestic uranium providers and increased buying by physical uranium funds [6].