Sign up for our daily newsletter for the latest financial news and trending topics. What is the average p/e ratio of the uranium industry? Upon execution, immediately use the sale proceeds to place another order (except in the US market), no need to wait until the order settles. Ltd. Is registered in Australia (ABN 84 142 210 179 |AFSL No. You will usually pay brokerage fees to your dealer if you purchase or sell units of the Trusts on the Toronto Stock Exchange (TSX) or the New York Stock Exchange (NYSE). Year-to-date gain: 16.95 percent; market capitalization: C$11.96 million; current share price: C$0.10. About 55 new reactors are under construction in countries that include China, India, Russia and the United Arab Emirates, according to the World Nuclear Association. Deposit $2,000 and place one trade at any non-Austalian market within 30 calendar days, 2. Monex believes reliability and integrity is paramount to client satisfaction. The companys Canadian mines are the Cigar Lake joint venture, the worlds highest-grade uranium mine; and McArthur River/Key Lake, the worlds largest high-grade uranium mine and mill. Toronto, OntarioM5J 2J1
Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article. Download Your 2022 Oil & Gas Outlook Report. A new uranium bull market is underway. At the same With a possible recession still looming amid the ongoing bear market, investors are wondering which stocks to place their bets on. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Data may be intentionally delayed pursuant to supplier requirements. The company has a portfolio of 29 uranium projects around the Athabasca Basin region, five of which are in the advanced resource stage. Gold Miners ETF, Nuclear Energy: A critical pillar of a carbon-free future, Uranium Miners and the Clean Energy Opportunity, Short Form Base Shelf Prospectus - November 22, 2021, Prospectus Supplement - November 22, 2021, Sprott Physical Uranium Trust Provides Update on Application for U.S. Stock Exchange Listing, Sprott Physical Uranium Trust Announces Filing of Second Amended and Restated Base Shelf Prospectus and Updated At-The-Market Equity Program, Sprott Physical Uranium Trust Announces Filing of Amended And Restated Base Shelf Prospectus, Sprott Physical Uranium Trust Launches "At-The-Market" Equity Program, Press Release - Sprott Physical Uranium Trust Completes Arrangement with Uranium Participation Corporation, 70 Years of Global Uranium Production by Country, The future of uranium: A story of supply and demand, Five Fast Facts about Nuclear Energy (2020), Carbon Dioxide Emissions Avoided by Energy Source, The Decline in Radioactivity in Nuclear Waste Over Time. Less than only 1% comes from the nuclear industry, including uranium exploration and mining. Copyright 2022 Dow Jones & Company, Inc. All Rights Reserved. Although 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. market. Please refer to the cookie policy for collected data, privacy and GDPR compliance. Source: Cameco Corporation. It is well known that high brokerage rates have contributed to Australian investors being among the least globally diversified in the world. VIP Investor Program: Access dedicated support, preferred priority services, exclusive research and private trading events. Trust units can be purchased or sold like any regular equity security through financial advisors, full-service brokers and discount brokers. FX Advantage: is a feature of our platforms multi-currency wallet which delivers lower FX conversion costs overall. Sprott Asset Management is a sub-advisor for several mutual funds on behalf of Ninepoint Partners. Additionally, there are known and unknown risk factors that could cause the Trust's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this update. The company began its summer drill program at Christie Lake in July; the program will include a planned 12 holes and 8,000 meters of drilling. Many are now looking to Rotterdam, and its long history of innovation when it comes to holding water at bay. Searchlight Resources is a uranium- and gold-focused explorer and developer working on projects in Saskatchewan, Canada, a prolific jurisdiction for uranium. On April 18, the company announced that an airborne survey at its Duddridge Lake project had highlighted new uranium targets for exploration. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Uranium Energy Corp. is a uranium mining and exploration company. Download your 2022 Blockchain Outlook Report, Biotech Investing: Top Biotech ETFS, Stocks, Future Prospects. When the Trust's closing price is less than the Trust's NAV, it is trading at a discount and the percentage is expressed as a negative number. We want to hear from you. These stocks have made gains: Other uranium stocks are down for the same period: Heres what experts say influences uranium stock prices: The best uranium stocks are identified because of their: Cameco Corp. operates worldwide in the production and sale of uranium. While the companys Q1 news focused on gold exploration, in Q2 and Q3 Searchlight has been looking at both of its uranium projects. While the U.S. and the U.K. are currently leading the way in nuclear energy, China is projected to be the largest market in the world for uranium. You are now leaving Sprott.com and entering a linked website. Pricing delayed 20 minutes. The information contained herein does not constitute an offer or solicitation to anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Although Energy Fuels was once a leader in the U.S. uranium mining market, other companies have risen to the forefront. Radiation stemming from nuclear energy is far less when compared to activities not commonly associated with nuclear activities, such as flying on an airplane or interacting with more traditional energy sources. Finance, CNBC and USA Today. You are now leaving sprott.com and linking to a third-party website. Gwen Preston of Resource Maven also joined INN at PDAC and spoke about the many factors driving uranium's run, as well as what she thinks of the overall market and which stocks she believes show promise. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ", "Energy Fuels Secures Major Rare Earth Land Position in Brazil. In addition to its uranium properties, the company has three gold projects, the Kulyk Lake North rare earth elements project and others. Canada, Sprott uses cookies to understand how you use our website and to improve your experience. The fact that this link has been provided does not constitute an endorsement, authorization, sponsorship by or affiliation with Sprott with respect to the linked site or the material. Register Using The Link Below (Promo-Code: WEBREBATE), 2. As general information, no consideration or evaluation is given of the investment objectives or financial situation of any particular person. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Readers should consult with their own accountants and/or lawyers for advice on their specific circumstances before taking any action. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Source: Sprott, RBC Investor Services Trust. You can invest in uranium on the ASX, NYSE, NASDAQ and HKEX. If the units are purchased or sold on the TSX or the NYSE, investors may pay more than the current net asset value when buying units or shares of the Trusts and may receive less than the current net asset value when selling them. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Units can be purchased or sold through Sprott financial professionals: in the U.S. via Sprott Global Resource Investmentsat 800.477.7853 and in Canada viaSprott Capital Partnersat 855.943.8099. The demand for cleaner fuel alternatives is on the rise. Although it doesnt 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. The amount the Trust's closing price is trading above or below the reported NAV (net asset value), expressed as a percentage of the NAV. Year-to-date gain: 10.03 percent; market capitalization: C$11.71 billion; current share price: C$30.49. A single pellet of uranium produces the same amount of electricity as: Once uranium is depleted for energy use, its reusable for other applications since its less radioactive. Fundamental company data and analyst estimates provided by FactSet. Founded in 1987, its one of the largest companies in the market today. By continuing to browse the site, you agree to our use of cookies. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019 Refinitiv. Miners ETF, Sprott Junior
The company has shown solid growth potential, announcing early in 2021 that it was expanding into rare earth metals. Based in south-central Wyoming, Ur-Energy is a relatively new company thats smaller than other uranium companies. Pleaseclick hereto read our full disclaimer. Important information about the Trust, including the investment objectives and strategies, applicable management fees, and expenses, is contained in the Management Information Circular and the Prospectus. Views expressed regarding a particular company, security, industry or market sector should not be considered an indication of trading intent of any investment funds managed by Sprott Asset Management LP. Don't Ask Wikipedia, Elimination of Al-Qaeda LeaderIs a Moment to Celebrate, Are Apple App Store ProfitsSlowing? Large producers such as Kazatomprom and Cameco are operating at significantly below capacity. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Click here to read the previous top uranium stocks on the TSX and TSXV article. We've detected you are on Internet Explorer. Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. Every day, get fresh ideas on how to save and make money and achieve your financial goals. 7 Best Ways To Start Investing With Little Money. Change value during other periods is calculated as the difference between the last trade and the most recent settle. The charts horizontal axis shows the premium or discount expressed in basis points. When the Trust's closing price is greater than the Trust's NAV, it is trading at a premium and the percentage is expressed as a positive number. All year-to-date and share price data was obtained on July 20, 2022, from TradingViews stock screener, and all companies had market caps above C$10 million at the time. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Monex Rebate Offer - $200 Cash Rebate^ Promotion On Now. Download Your 2022 Industrial Metals Outlook Report. Trade Uranium on the ASX, NYSE, NASDAQ, HKEX, and 9 other stock exchanges. Some of the bullish factors driving uranium stocks and prices include: Some of the securities mentioned in this video include: Multi-Currency: Our multi-currency account supports balances in AUD, USD, HKD, RMB, SGD, and JPY concurrently. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Provide a secure, convenient and exchange-traded investment alternative for investors interested in holding uranium. US Job Openings Fall to 10.7 Million, Lowest Since September, Indias Trade Gap Widens to Record On Costly Imports, Weak Rupee, Morgan Stanley, BofA Subpoenaed by Twitter in Musk Fight, Indias Zomato Appoints Four CEOs, to Change Name to Eternal, Uber Soars After Beating Estimates as Ridership Defies Inflation, Ex-Qaeda Fighter Is Appointed as Cabinet Minister in Somalia, Italys Center-Left Join Forces Against Right-Wing Landslide, Litquiditys Only Employee Departs Meme Account to Launch Investor Relations Firm, Citigroup Is Planning a Hiring Spree to Add 500 People to Its New Wealth Unit, Noah Baumbach's 'White Noise' to Open New York Film Festival, A WeWork for the .01% is Coming to New York, Are We in a Recession? Forward Looking StatementsThe above update contains forward-looking information within the meaning of applicable Canadian securities laws ("forward-looking statements"). All data is in U.S. dollars unless otherwise noted. Results at Kulyk Lake South showed strong radioactivity at a previously unidentified target, including field scintillometer readings of up to 13,000 counts per second. Daria studied journalism at the County College of Morris and earned a degree in communications at Centenary University, both in New Jersey. This card offers a full 0% for 21 months on balance transfers. Download Our FREE 2022 Gaming Outlook Report. To learn more and to manage your advertising preferences, see our Cookie Policy. NEW! There are penny stocks trading at a discount that are worth considering at current levels. Download Your FREE 2022 Energy Outlook Report. The Sprott Physical Uranium Trust has been aggressively buying uranium since July. "(The market) was already undersupplied. Investors Need to Know, Mastercard Sees Crypto and Data Among Ways to Move Beyond Plastic, An Epic Bank Scandal in China Adds to SocialTensions Over Finance, One of TikToks Biggest Stars Roasts Dudes for Their Misogyny, Racism, and Fatphobia, Kansas Abortion Vote Tally Soars in First Post-RoeBallot Test, Funding Disparity Widens for UK Female Fintech Founders in 2022, Pelosi Calls on Singapore Businesses to Support LGBTQ Groups, To Cut Plastic Waste Out of Your Life, Start Small, Gates-Led Fund Backs Robots to Automate Solar Panel Installation, Inside Downtown San Franciscos Plan to Reinvent Itself, Think Your Street Needs a Redesign? The Monex Trading Tools (referred to as tools hereafter) are available to you inside your client portal; To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000. Sprott Physical Uranium Trust units trade in both U.S. and Canadian dollars. Energy Fuels Inc. (NYSE American: UUUU): 5.74%, Uranium Energy Corp. (NYSE American: UEC): 41.46%, Centrus Energy Corp. (NYSE American: LEU): 34.65%, Western Uranium & Vanadium Corp. (CSE: WUC | OTCQX: WSTRF): -41.22%, Ur-Energy Inc. (NYSE American: URG): -9.43%, Clean energy initiatives in the U.S. and abroad, Changes in production due to pandemic-related shutdowns, Geopolitical events, such as Russias invasion of Ukraine, Capacity to meet anticipated demands in the industry, Overall size of the company compared to its peers. Now the critical step for turning the commodity into fuel has had a huge weight put on it, and supply that's connected to (Russia), a major producer, is tainted, if you want to call it that," she said in conversation at the event. As was anticipated by experts, uranium has seen large gains in 2022, reaching US$64.50 per pound on April 14 a decade high driven by factors like Russia's invasion of Ukraine and increasing nuclear adoption. Sprott assumes no liability for the content of this linked site and the material it presents, including without limitation, the accuracy, subject matter, quality or timeliness of the content. May not add up to 100% due to rounding. 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. The company has expanded its U.S. 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. Deposit $1,000 and place one trade at any non-Austalian market within 30 calendar days. Bloomberg Markets Americas. 2022 CNBC LLC. Dont 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. Investing News Network websites or approved third-party tools use cookies. You are now leaving Sprott.com and entering a linked website. Download Your FREE 2022 Pharmaceuticals Outlook Report. Data is a real-time snapshot *Data is delayed at least 15 minutes. ", "Why Uranium Stocks Staged a Sharp Recovery on Thursday. Source: Kantar Media. Kazatomprom is supporting ANU Energy, a new physical uranium fund that will also be purchasing up physical uranium supplies. Data is accurate as of June 9, 2022, and is subject to change. The Company has uranium processing facility located in the state H.C. Wainwright Sticks to Its Buy Rating for Uranium Energy (UEC). Although McArthur River/Key Lake is currently under care and maintenance, Cameco announced it will slowly be bringing the operation back online. Subscribe to Yahoo Finance Plus to view Fair Value for UEC. Ltd. (Monex AU) and it is compiled and presented in accordance with Australia laws and regulations. You can also email us at uranium@sprott.com. The program was designed as a 10 year, $10 billion plan with $75 million authorized to date for the purchase of uranium and conversion services. Uranium Energy Corp. (NYSE American: UEC), (the "Company" or "UEC") is pleased to announce it has submitted an offer to supply the U.S. Department of Energy - National Nuclear Security Administration ("NNSA") in response to the U.S. government uranium tender to launch the national Uranium Reserve. An active and funded account with a positive trading balance is required to continue to have access to the tools; Although the tools are available to you, Monex Securities may at its discretion disable access to the tools in the future; Monex Securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice. According to the report, the company had a record-setting safety performance for the fifth year in a row, and is one of Canadas top employers of Indigenous people. Provides a simple, intuitive view of all the key value investing metrics for a particular stock, all on a single page to increase confidence in investments of interest. The information and materials contained in this website are subject to change without notice. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. There is no recent news for this security. The above table and line chart present information about the differences between the daily market price of a Trust unit and the Trusts reported net asset value. Source: U3O8 Corporation. Please try again later. Updated! Heres a list of the companies on the TSX and TSXV with the biggest year-to-date share price gains. This includes personalizing content on our website and third-party websites. Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. New! Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected. We've broken down the barriers to investing in international shares, making it more affordable and simple for Australian investors to access offshore stock markets. However, many stocks are still not seeing the performance one might expect.