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Best Uranium Stocks to Buy Now (2024)
Top uranium stocks in 2024 ranked by overall Zen Score. See the best uranium stocks to buy now, according to analyst forecasts for the uranium industry.

Industry: Uranium
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
UUUU
ENERGY FUELS INC
NYSEMKT
Uranium
$987.96M$6.040.00%$102.89M9.59x0.06
DNN
DENISON MINES CORP
NYSEMKT
Uranium
$1.74B$1.950.00%$72.95M24.07x0.13
LEU
CENTRUS ENERGY CORP
NYSEMKT
Uranium
$643.80M$41.074.45%$92.90M7.40x23.65
UEC
URANIUM ENERGY CORP
NYSEMKT
Uranium
$2.71B$6.70-1.03%-$2.46M-670.00x0.14
CCJ
CAMECO CORP
NYSE
Uranium
$18.51B$42.711.45%$614.46M69.00x0.63
NXE
NEXGEN ENERGY LTD
NYSE
Uranium
$4.04B$7.691.32%$56.48M65.17x0.23
URG
UR-ENERGY INC
NYSEMKT
Uranium
$444.97M$1.58-0.63%-$29.15M-13.17x0.72
UROY
URANIUM ROYALTY CORP
NASDAQ
Uranium
$277.17M$2.452.08%$4.01M55.68x0.00
EU
ENCORE ENERGY CORP
NASDAQ
Uranium
$652.93M$4.283.38%-$1.45M-47.56x0.20
FMST
FOREMOST LITHIUM RESOURCE & TECHNOLOGY LTD
NASDAQ
Uranium
$11.80M$2.431.46%N/A-7.60x0.16

Uranium Stocks FAQ

What are the best uranium stocks to buy right now in Mar 2024?

According to Zen Score, the 3 best uranium stocks to buy right now are:

1. Energy Fuels (NYSEMKT:UUUU)


Energy Fuels (NYSEMKT:UUUU) is the top uranium stock with a Zen Score of 58, which is 28 points higher than the uranium industry average of 30. It passed 18 out of 33 due diligence checks and has strong fundamentals. Energy Fuels has seen its stock return 17.74% over the past year, underperforming other uranium stocks by -36 percentage points.

Energy Fuels has an average 1 year price target of $10.50, an upside of 73.84% from Energy Fuels's current stock price of $6.04.

Energy Fuels stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Energy Fuels, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Denison Mines (NYSEMKT:DNN)


Denison Mines (NYSEMKT:DNN) is the second best uranium stock with a Zen Score of 55, which is 25 points higher than the uranium industry average of 30. It passed 17 out of 33 due diligence checks and has strong fundamentals. Denison Mines has seen its stock return 96.97% over the past year, overperforming other uranium stocks by 43 percentage points.

3. Centrus Energy (NYSEMKT:LEU)


Centrus Energy (NYSEMKT:LEU) is the third best uranium stock with a Zen Score of 42, which is 12 points higher than the uranium industry average of 30. It passed 13 out of 33 due diligence checks and has strong fundamentals. Centrus Energy has seen its stock return 27.94% over the past year, underperforming other uranium stocks by -26 percentage points.

Centrus Energy has an average 1 year price target of $64.50, an upside of 57.05% from Centrus Energy's current stock price of $41.07.

Centrus Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Centrus Energy, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the uranium stocks with highest dividends?

Out of 1 uranium stocks that have issued dividends in the past year, the 1 uranium stocks with the highest dividend yields are:

1. Cameco (NYSE:CCJ)


Cameco (NYSE:CCJ) has an annual dividend yield of 0.21%, which is the same as the uranium industry average of 0.21%. Cameco's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Cameco's dividend has not shown consistent growth over the last 10 years.

Cameco's dividend payout ratio of 14.2% indicates that its dividend yield is sustainable for the long-term.

Why are uranium stocks up?

Uranium stocks were up 2.28% in the last day, and up 0.53% over the last week.

We couldn't find a catalyst for why uranium stocks are up.

What are the most undervalued uranium stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued uranium stocks right now are:

1. Denison Mines (NYSEMKT:DNN)


Denison Mines (NYSEMKT:DNN) is the most undervalued uranium stock based on WallStreetZen's Valuation Score. Denison Mines has a valuation score of 71, which is 40 points higher than the uranium industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Denison Mines's stock has gained 96.97% in the past year. It has overperformed other stocks in the uranium industry by 43 percentage points.

2. Energy Fuels (NYSEMKT:UUUU)


Energy Fuels (NYSEMKT:UUUU) is the second most undervalued uranium stock based on WallStreetZen's Valuation Score. Energy Fuels has a valuation score of 71, which is 40 points higher than the uranium industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Energy Fuels's stock has gained 17.74% in the past year. It has underperformed other stocks in the uranium industry by -36 percentage points.

3. Centrus Energy (NYSEMKT:LEU)


Centrus Energy (NYSEMKT:LEU) is the third most undervalued uranium stock based on WallStreetZen's Valuation Score. Centrus Energy has a valuation score of 57, which is 26 points higher than the uranium industry average of 31. It passed 4 out of 7 valuation due diligence checks.

Centrus Energy's stock has gained 27.94% in the past year. It has underperformed other stocks in the uranium industry by -26 percentage points.

Are uranium stocks a good buy now?

80% of uranium stocks rated by analysts are a strong buy right now. On average, analysts expect uranium stocks to rise by 62.69% over the next year.

What is the average p/e ratio of the uranium industry?

The average P/E ratio of the uranium industry is -7.97x.
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.