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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 ScorePriceValuationFinancials
ForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
LEU
CENTRUS ENERGY CORP
$812.17M2,962.50%9.60%23.03%29.10%21.191.4431.40%23.90%22.86%
DNN
DENISON MINES CORP
$2.16B13.00%11.30%11.29%15.30%0.141.67-59.60%4,547.40%4,391.27%
UUUU
ENERGY FUELS INC
$1.14B-2.90%-2.70%-2.62%-3.30%0.0541.2752.10%-24.60%-23.98%
UEC
URANIUM ENERGY CORP
$2.94B-0.70%-0.60%-0.53%-0.60%0.146.8535.80%-8.20%-7.63%
NXE
NEXGEN ENERGY LTD
$4.25B6.20%4.90%5.66%7.50%0.221.96N/AN/AN/A
EU
ENCORE ENERGY CORP
$883.14M-6.90%-5.90%-4.21%-5.00%0.095.157.70%-66.60%-55.57%
CCJ
CAMECO CORP
$23.74B6.00%3.90%6.90%6.80%0.631.5521.70%13.90%23.30%
URG
UR-ENERGY INC
$504.11M-61.70%-37.00%-41.50%-71.90%0.6211.83-24.60%-431.70%-442.86%
UROY
URANIUM ROYALTY CORP
$302.06M3.20%3.20%2.26%2.90%0.00244.3028.90%15.00%12.25%
1

Uranium Stocks FAQ

What are the best uranium stocks to buy right now in Jun 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 14 points higher than the uranium industry average of 27. It passed 13 out of 33 due diligence checks and has strong fundamentals. Centrus Energy has seen its stock return 71.06% over the past year, underperforming other uranium stocks by -17 percentage points.

Centrus Energy has an average 1 year price target of $67.00, an upside of 31.97% from Centrus Energy's current stock price of $50.77.

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 7 points higher than the uranium industry average of 27. It passed 10 out of 33 due diligence checks and has average fundamentals. Denison Mines has seen its stock return 134.95% over the past year, overperforming other uranium stocks by 47 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 3 points higher than the uranium industry average of 27. It passed 9 out of 33 due diligence checks and has average fundamentals. Energy Fuels has seen its stock return 22.07% over the past year, underperforming other uranium stocks by -66 percentage points.

Energy Fuels has an average 1 year price target of $9.75, an upside of 39.89% from Energy Fuels's current stock price of $6.97.

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 0.16%, which is the same as the uranium industry average of 0.16%. 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 1.62% in the last day, and up 7.19% 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. 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 71.06% in the past year. It has underperformed other stocks in the uranium industry by -17 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 134.95% in the past year. It has overperformed other stocks in the uranium industry by 47 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 142.29% in the past year. It has overperformed other stocks in the uranium industry by 54 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 23.31% 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 10.08x.
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