Is it wise to invest in uranium stocks?

There are many positives associated with the uranium industry, especially in the current environment. The Sprott fund has acquired a large amount of uranium, which indicates an upcoming nuclear power boom. A key alternative fuel today is uranium. A few uranium stocks can be added to your watch list and portfolio as the new year begins.

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As energy prices have skyrocketed recently, the demand for uranium has increased significantly.

As an alternative fuel to oil and natural gas, uranium has also gained popularity after recent global climate summits. Depending on how this situation unfolds, it may be the year that uranium stocks take an active role.

The article explains which uranium stocks you should buy in 2022.

Cameco Corporation:

The shares of Cameco Corporation (ccj) dipped by -2.07% during the trading session on Thursday, reaching a low of $24.18 while ending the day at $25.65. During the trading session, a total of 6.38 million shares were traded which represents a -4.48% decline from the average session volume which is 6.11 million shares. ccj had ended its last session trading at $24.55.

With this outlook, analysts have a consensus recommendation rating of 1.90 for the stock, suggesting that investors Overweight the stock. BofA Securities issued a stock update for Cameco Corporation (ccj) on November 03, 2021 in which the firm assigned “Buy” rating. TD Securities on September 28, 2021 rated the stock at “a Buy,”. 12 analysts offering their rating for the stock are split like this: 3 of the 12 rate it as a Hold; 8 see it a buy, while 1 say it is an overweight. Although bullish, it is notable that the stock is well above its 200-day simple moving average by 14.98%, while it is 13.06% above and 13.41% above its SMA50 and SMA20 respectively. The volume of shares traded in the last session stands at 6.38 million against a 3-month average of 6.11M.

Uranium Energy Corp:

Uranium Energy Corp. (AMEX: uec) is 25.67% higher on its value in year-to-date trading and has touched a low of $1.88 and a high of $5.79 in the current 52-week trading range. The uec stock was last observed hovering at around $4.21 in the last trading session, with the day’s gain setting it 0.24% off its average median price target of $6.05 for the next 12 months.

Uranium Energy Corp.’s stock (AMEX:uec) has been rated as Speculative Buy by CanaccordGenuity. This latest rating was contained in a recent research note published by the firm on October 14, 2020 and has set a $1.50 price target for the stock. Some experts on Wall Street have also posted a report on Uranium Energy Corp. (uec) stock.

Energy Fuels Inc:

Energy Fuels Inc. (uuuu) started the day trading at $8.84 and recorded an intraday high of $8.92. It also recorded an intraday low of $8.31 during Thursday’s trading session. Energy Fuels Inc. is a very active stock that recorded a trading volume that is less than -62.07% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 4.96 million, which is less than -62.07% of the total average daily trading volume of 4.96 million.

Looking at the support for the uuuu, a number of firms have released research notes about the stock. Noble Capital Markets stated their Outperform rating for the stock in a research note on May 26, 2021. Cantor Fitzgerald coverage for the Energy Fuels Inc. (uuuu) stock in a research note released on January 13, 2021 offered a Buy rating. Cantor Fitzgerald coverage for the Energy Fuels Inc. (uuuu) stock in a research note released on January 13, 2021 offered a Buy rating. Cantor Fitzgerald was of a view on January 06, 2021 that the stock is Hold, while Noble Capital Markets gave the stock Market Perform rating on May 13, 2019. Rodman & Renshaw on their part issued Buy rating on September 22, 2016.

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