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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
OverviewZen ScorePriceValuationFinancialsForecast
Earnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
UUUU
ENERGY FUELS INC
$847.29M$5.18$9.7588.22%Strong Buy2N/AN/AN/AN/A
DNN
DENISON MINES CORP
$1.76B$1.98N/AN/AN/AN/AN/AN/AN/AN/A
LEU
CENTRUS ENERGY CORP
$672.95M$42.93$64.5050.24%Strong Buy2N/AN/AN/AN/A
UEC
URANIUM ENERGY CORP
$2.73B$6.75$10.2551.85%Buy1N/AN/AN/AN/A
NXE
NEXGEN ENERGY LTD
$4.00B$7.62N/AN/AN/AN/AN/AN/A-1.74%-1.42%
CCJ
CAMECO CORP
$19.78B$45.63$55.0020.53%Strong Buy1N/AN/AN/AN/A
URG
UR-ENERGY INC
$470.32M$1.67$2.8067.66%Strong Buy2N/AN/AN/AN/A
UROY
URANIUM ROYALTY CORP
$259.07M$2.29$7.70236.24%Buy1N/AN/AN/AN/A
EU
ENCORE ENERGY CORP
$728.24M$4.41N/AN/AN/AN/AN/AN/AN/AN/A
FMST
FOREMOST LITHIUM RESOURCE & TECHNOLOGY LTD
$12.97M$2.67N/AN/AN/AN/AN/AN/AN/AN/A
1

Uranium Stocks FAQ

What are the best uranium stocks to buy right now in May 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 lose -7% over the past year, underperforming other uranium stocks by -68 percentage points.

Energy Fuels has an average 1 year price target of $9.75, an upside of 88.22% from Energy Fuels's current stock price of $5.18.

Energy Fuels stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts 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 92.23% over the past year, overperforming other uranium stocks by 31 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 52.13% over the past year, underperforming other uranium stocks by -9 percentage points.

Centrus Energy has an average 1 year price target of $64.50, an upside of 50.24% from Centrus Energy's current stock price of $42.93.

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 0.19%, which is the same as the uranium industry average of 0.19%. 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 down?

Uranium stocks were down -4.78% in the last day, and down -1.8% over the last week. Nexgen Energy was the among the top losers in the uranium industry, dropping -9.82% yesterday.

NexGen Energy shares are trading lower after the company announced an upsized offering in Australia.

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 41 points higher than the uranium industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Denison Mines's stock has gained 92.23% in the past year. It has overperformed other stocks in the uranium industry by 31 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 41 points higher than the uranium industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Energy Fuels's stock has dropped -7% in the past year. It has underperformed other stocks in the uranium industry by -68 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 27 points higher than the uranium industry average of 30. It passed 4 out of 7 valuation due diligence checks.

Centrus Energy's stock has gained 52.13% in the past year. It has underperformed other stocks in the uranium industry by -9 percentage points.

Are uranium stocks a good buy now?

66.67% of uranium stocks rated by analysts are a strong buy right now. On average, analysts expect uranium stocks to rise by 43.61% 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 -2.66x.
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