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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
Overview
Zen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
LEU
CENTRUS ENERGY CORP
NYSEMKT
Uranium
$745.62M$46.616.81%$75.00M9.96x21.19
DNN
DENISON MINES CORP
NYSEMKT
Uranium
$2.00B$2.246.67%$58.14M33.94x0.14
UUUU
ENERGY FUELS INC
NYSEMKT
Uranium
$1.10B$6.717.88%-$7.73M-95.86x0.05
UEC
URANIUM ENERGY CORP
NYSEMKT
Uranium
$3.00B$7.426.30%-$2.46M-742.00x0.14
NXE
NEXGEN ENERGY LTD
NYSE
Uranium
$4.31B$7.994.99%$39.80M99.88x0.22
EU
ENCORE ENERGY CORP
NASDAQ
Uranium
$852.31M$4.706.33%-$9.27MN/A0.09
CCJ
CAMECO CORP
NYSE
Uranium
$22.99B$53.056.46%$614.46M85.70x0.63
UROY
URANIUM ROYALTY CORP
NASDAQ
Uranium
$309.98M$2.743.40%$4.01M62.27x0.00
URG
UR-ENERGY INC
NYSEMKT
Uranium
$501.29M$1.783.49%-$46.97M-9.37x0.62
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. Centrus Energy (NYSEMKT:LEU)


Centrus Energy (NYSEMKT:LEU) is the top uranium stock with a Zen Score of 41, which is 13 points higher than the uranium industry average of 28. It passed 13 out of 33 due diligence checks and has strong fundamentals. Centrus Energy has seen its stock return 48.06% over the past year, underperforming other uranium stocks by -24 percentage points.

Centrus Energy has an average 1 year price target of $67.00, an upside of 43.75% from Centrus Energy's current stock price of $46.61.

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.

2. Denison Mines (NYSEMKT:DNN)


Denison Mines (NYSEMKT:DNN) is the second best uranium stock with a Zen Score of 34, which is 6 points higher than the uranium industry average of 28. It passed 10 out of 33 due diligence checks and has average fundamentals. Denison Mines has seen its stock return 105.5% over the past year, overperforming other uranium stocks by 33 percentage points.

3. Energy Fuels (NYSEMKT:UUUU)


Energy Fuels (NYSEMKT:UUUU) is the third best uranium stock with a Zen Score of 30, which is 2 points higher than the uranium industry average of 28. It passed 9 out of 33 due diligence checks and has average fundamentals. Energy Fuels has seen its stock return 10.54% over the past year, underperforming other uranium stocks by -62 percentage points.

Energy Fuels has an average 1 year price target of $9.75, an upside of 45.31% from Energy Fuels's current stock price of $6.71.

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.

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 0.17%, which is the same as the uranium industry average of 0.17%. 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 6.45% in the last day, and up 5.5% over the last week. Energy Fuels was the among the top gainers in the uranium industry, gaining 7.88% yesterday.

Shares of uranium stocks are trading higher on reports the US will offer up to $3.4 billion for domestic uranium enrichment. Biden also recently signed a bill banning Russian uranium imports.

What are the most undervalued uranium stocks?

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

1. Centrus Energy (NYSEMKT:LEU)


Centrus Energy (NYSEMKT:LEU) is the most undervalued uranium stock based on WallStreetZen's Valuation Score. Centrus Energy has a valuation score of 43, which is 30 points higher than the uranium industry average of 13. It passed 3 out of 7 valuation due diligence checks.

Centrus Energy's stock has gained 48.06% in the past year. It has underperformed other stocks in the uranium industry by -24 percentage points.

2. Denison Mines (NYSEMKT:DNN)


Denison Mines (NYSEMKT:DNN) is the second most undervalued uranium stock based on WallStreetZen's Valuation Score. Denison Mines has a valuation score of 14, which is 1 points higher than the uranium industry average of 13. It passed 1 out of 7 valuation due diligence checks.

Denison Mines's stock has gained 105.5% in the past year. It has overperformed other stocks in the uranium industry by 33 percentage points.

3. Encore Energy (NASDAQ:EU)


Encore Energy (NASDAQ:EU) is the third most undervalued uranium stock based on WallStreetZen's Valuation Score. Encore Energy has a valuation score of 14, which is 1 points higher than the uranium industry average of 13. It passed 1 out of 7 valuation due diligence checks.

Encore Energy's stock has gained 118.6% in the past year. It has overperformed other stocks in the uranium industry by 46 percentage points.

Are uranium stocks a good buy now?

71.43% of uranium stocks rated by analysts are a strong buy right now. On average, analysts expect uranium stocks to rise by 29.42% 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 4.49x.
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