Best Uranium Stocks in Canada

Best Uranium Stocks Canada

Since I started writing in December about creating a great opportunity for uranium, the share prices for uranium have soared. If you don’t do too much, you can trigger a bull market within days or even weeks, in some cases even months. Sources: 8, 20

NexGen shares have risen 95% in the past 12 months, overtaking the US uranium market, and other small uranium stocks have risen sharply, according to Thomson Reuters data. Sources: 7, 18

Although Baselode only started trading mid-year, it has grown strongly in the last year and a half and has posted significant gains since then. ARMZ Uranium Holding, one of the largest uranium mining companies in Russia and the second largest in the world, owns and operates the Kraznokamensk uranium mine. The company’s uranium production comes partly from its uranium mines in Russia, but it also has uranium deposits in China, South Africa, Australia, the United States and Canada. It manages Canada’s largest and longest continuous uranium producer with an annual uranium production capacity of 1.5 million tons. Sources: 1, 5, 14, 15

The exploration and development company is a leading uranium resource with more than 2.5 million hectares, including the Crownpoint and Hosta Butte uranium deposits. Uranium Energy also controls a number of other uranium mines in the United States and Canada, as well as a uranium mine in South Africa. Sources: 1, 16

In Wyoming, Uranium Energy controls the Reno Creek Project, which is considered the second largest ISR uranium project in the United States. IsoEnergy, as mentioned earlier, has a long history of exploring areas that contain some of the world’s leading sources of uranium, such as uranium mines in Canada and South Africa. Sources: 6, 20

In 2017, it produced 7,520 tonnes of uranium, which represents 1.5% of its total production for the year. Production for 2019 represents an increase of 1% over the company’s expected uranium fuel demand for 2019. Sources: 10, 14

If RBC Capital Markets is right, uranium prices will soar in the years ahead, and uranium stocks should be a good bet to take with you. By the way, with $55-60 for uranium, you could get a return of more than 50% per year over the next five years. Sources: 11, 19

In the meantime, I can tell you how to play the market the easiest way: an ETF. Even if you are not sure which uranium stocks are right for you, owning the ETF will allow you to be deeply involved in the uranium industry. The only problem is that we have not only uranium, but also gold, silver and other precious metals. Sources: 3, 12, 17

Cameco is a solid investment opportunity for patient investors who bet that nuclear power plant operators will strengthen their structures better against the wrath of Mother Nature, believing that higher prices for uranium spot prices will lead to increased electricity demand. Sources: 9

Anyone considering uranium stocks for 2017 can look at the list above and consider emerging uranium companies, but a more exciting option may be exploring uranium ETFs, which include a basket of companies from all sectors of the uranium industry. There are a number of uranium ETFs currently traded in the US and tagged in our ETF database. So which uranium shares should you buy now and why? Sources: 0, 6, 9, 10

Public companies in Canada, including uranium producers, uranium mining companies, and uranium exploration and production companies, have their profiles on, where they make important regulatory statements. Sources: 7

Canada is the world’s second largest country for uranium production and home to the world’s largest publicly traded uranium company, Cameco Corp. (NYSE: COO), one of the largest global suppliers of uranium. Inkai is a significant source of low-cost uranium, and Superior continues to operate as a uranium company through its uranium exploration and production operations in the United States, Canada and the United Kingdom. It also owns Cigar Lake, one of the world’s leading uranium mines, where uranium content is 100 times higher than the global average. Sources: 2, 6, 11, 15

The GLJ report already mentions that the greenhouse gas balance of nuclear energy also makes uranium stocks appear positive for ESG investors. The company has been exploring for uranium in the United States for more than 20 years, most recently at the Woolgar Uranium Mine in Alberta, Canada. After the change in uranium legislation in that state, Strategic said it would resume uranium exploration, claiming that “Woolgar has the potential to discover significant uranium deposits. Sources: 6, 15

The Investing News Network has listed the best uranium stocks in the United States, Canada and the United States over the past two years. Read on to learn from Raymond James analysts about the current price environment in which uranium stocks are being watched. All five uranium stocks on the TSX and TSZV have a price-to-earnings ratio of 1.5, the highest of any uranium company in Canada. Sources: 1, 4, 13

The investor presentation of Uranium Resources (URRE) in May 2012 is as follows. All five uranium stocks on the TSX and TSZV have a price-to-earnings ratio of 1.5, the highest of any uranium company in Canada. Sources: 4, 10

Cited Sources

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