![]() Most major economies are building new nuclear plants and rehabilitating aging ones that were scheduled to close. But the fundamentals don’t justify today’s high prices. The planets seem aligned for a durable run-up in uranium stocks. The latest bump followed Japan’s announcement last month that it will reopen nuclear power plants that have been mothballed since the 2011 Fukushima Dai-ichi power plant disaster. They’ve actually been on a tear for a year. Ur-Energy has a market cap of $314.16 million as of June 9.Investor enthusiasm for uranium stocks has increased their value by about one-third in the past few weeks. Although it doesn’t expect to sell any of the 285,000 pounds of uranium until it would profit the company to do so, rising prices could give Ur-Energy a nudge in 2023. Don’t let its size fool you, because Ur-Energy has a 2.2 million pound-per-year capacity for uranium and is preparing to return to “full production-ready status” in the third quarter of this year. (URG)īased in south-central Wyoming, Ur-Energy is a relatively new company that’s smaller than other uranium companies. It has a market cap of $1.35 billion, and the stock is up 33.43% year to date as of June 9. warehoused uranium to 5 million pounds, with delivery dates out to December 2025, by purchasing “near cycle lows,” CEO Amir Adnani said in an April press release.Īlthough technically a penny stock trading at $4.47 as of June 9, this company shows good investment potential for investors willing to risk it because of its impressive presence in the U.S. It primarily operates by assessing possible acquisitions where miners determine that uranium is found. Uranium Energy represents one of the largest catalogs of uranium exploration in the U.S. Its properties are primarily located in Texas, Wyoming, New Mexico, Arizona and Colorado. is a uranium mining and exploration company that currently operates in the southwestern U.S. In May, Energy Fuels announced that it had entered into a binding agreement to purchase 17 mineral concessions in Bahia, Brazil, which it believes has large quantities of heavy metals that will feed its “quickly emerging” U.S.-based rare element supply chain.Įnergy Fuels previously reported that it’s making progress toward making its White Mesa Mill a critical minerals hub by preserving production capabilities while it further diversifies its portfolio. The company has shown solid growth potential, announcing early in 2021 that it was expanding into rare earth metals. ![]() Still, Energy Fuels has remained a steady competitor, with milling operations in Utah and mining and exploration operations in the southwestern U.S. ![]() uranium mining market, other companies have risen to the forefront. (UUUU)Īlthough Energy Fuels was once a leader in the U.S. This protects the company from fluctuations in pricing. It’s a great option for investing since it has long-term contracts. In the months since then, BMO Capital Markets and RBC Capital Markets have upgraded their recommendations from “perform” to “outperform.”Ĭameco provides 9% of the world’s uranium products. 3, 2021, just a few days after the company reported a net loss in its third-quarter earnings release, Bank of America upgraded its rating of Cameco from “neutral” to “buy,” stating the stock could rise 30% from its current level based on strength in uranium prices “as nuclear power’s role in decarbonization is reconsidered,” CNBC reported. Founded in 1987, it’s one of the largest companies in the market today. operates worldwide in the production and sale of uranium. Capacity to meet anticipated demands in the industryĬameco Corp.The best uranium stocks are identified because of their: Which Uranium Stocks Are Worth the Investment? Investors see the demand for a product or service as a sign to invest for the potential to earn a profit. In turn, the rise in electricity use is fueling the demand for nuclear power and uranium. Uranium is trending as a way to fuel electricity.The strength of the world economy contributes a lot to demand in the stock market in general. ![]()
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