Latest news for Yellow Cake (OTC:YLLXF) Stock

Yellow Cake PLC is a specialist company operating in the uranium sector. The principal activity of the company is to invest in uranium projects. It invests in quoted or unquoted companies producing, developing, or exploring for uranium in Canada, the United States, Australia, and South Africa. The company's only segment being the holding of uranium oxide concentrate (U3O8) for long-term capital appreciation.

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Uranium Expert Says &#39;Serious Issues&#39; Face Industry

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Goldman Sachs is writing options on physical uranium for hedge funds, marking the investment bank&#39;s first derivative created for the metal.

Goldman Sachs Enters Uranium Derivatives Market As Prices Double To $102 Per Pound

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Uranium stocks are the latest to grab the attention of Reddit’s WallStreetBets community, and surging uranium futures prices have prompted one Wall Street analyst to raise his triuranium octoxide price targets.

Why BofA Is Raising Its 2022 Uranium Price Forecast By 41%

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Morgan Stanley analyst Brian Nowak maintains Maplebear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) with a Equal-Weight and lowers the price target from $45 to $41.

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Morgan Stanley Maintains Equal-Weight on Maplebear, Lowers Price Target to $41

Wedbush analyst David Chiaverini downgrades Customers Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBI#NYSE">CUBI</a>) from Outperform to Neutral and lowers the price target from $79 to $53.

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Wedbush Downgrades Customers Bancorp to Neutral, Lowers Price Target to $53

Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Cybertruck lead engineer Wes Morrill on Tuesday expressed disappointment over Grok-generated images of the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36039263/did-tesla-overpromise-and-underdeliver-with-the-cybertruck">stainless steel truck.</a>
What Happened: &#8220;I would wager X has the highest concentration of Cybertruck training images of any social media. So it&#8217;s extra disappointing when Grok absolutely nails the design aesthetic but has no clue what a Cybertruck looks like&#8230;,&#8221; Morrill wrote on social media platform X. 
The engineer also shared images of the Cybertruck generated by Grok, all of which show different forms but none resembling the Cybertruck&#8217;s angular design. While some images generated by Grok show the Cybertruck as a roadster vehicle, others show it as a sports car. None of them, according to Morrill, &#8220;quite hit the mark.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">More awesome designs that didn&#39;t quite hit the mark&#8230; <a href="https://t.co/BpTZvOQmrb">pic.twitter.com/BpTZvOQmrb</a>
&mdash; Wes (@wmorrill3) <a href="https://twitter.com/wmorrill3/status/1838464108355809474?ref_src=twsrc%5Etfw">September 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Grok is the chatbot developed by Elon Musk&#8216;s artificial intelligence startup xAI as a rival to OpenAI&#8217;s ChatGPT. It is integrated with the billionaire&#8217;s social media platform X.
The Cybertruck, meanwhile, is the latest offering from Tesla, the EV company of which Musk is CEO.
The Cybertruck is known for its angular, stainless steel exterior, setting it apart from other vehicles. The unusual design, coupled with its high price point, has also made it a <a href="https://www.benzinga.com/general/entertainment/24/09/40926236/kim-kardashian-debuts-custom-metallic-silver-cybertruck-will-elon-musk-approve-the-celebrit">celebrity pick</a>.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40979752/elon-musk-says-buses-wont-be-needed-once-tesla-robotaxis-start-operating-will-take-people-point-" target="_blank" rel="noreferrer noopener">Elon Musk Says Buses Won&#8217;t Be Needed Once Tesla Robotaxis Start Operating: ‘Will Take People Point To Point For A Similar Cost&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

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Elon Musk's Grok AI Chatbot Has 'No Clue' What Tesla's Cybertruck Looks Like: Senior Exec Calls It 'Extra Disappointing'

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Trading Halt: Halt status updated at 7:25:00 AM ET: Quotation Resumption: News and Resumption Times

Wedbush analyst David Chiaverini upgrades Prosperity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PB#NYSE">PB</a>) from Neutral to Outperform and raises the price target from $75 to $90.

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Wedbush Upgrades Prosperity Bancshares to Outperform, Raises Price Target to $90

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Eightco Receives Formal Notice From Nasdaq That Company Has Regained Compliance With Minimum Bid Price Requirement

Wedbush analyst David Chiaverini upgrades Columbia Banking System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) from Neutral to Outperform and raises the price target from $28 to $31.

COLB

Wedbush Upgrades Columbia Banking System to Outperform, Raises Price Target to $31

Google Cloud today announced an expanded strategic partnership with Snap Inc. to power generative AI experiences within My AI, Snapchat's AI-powered chatbot and one of the largest consumer chatbots available today.
Snapchat will leverage the strong multimodal capabilities of Gemini on Vertex AI, particularly the technology's ability to understand and operate across different types of information like text, audio, image, video, and code, to offer more engaging and innovative features for the Snapchat community through My AI. For example, with Gemini on Vertex AI integrated into the app, Snapchatters can ask My AI to translate a photo of a street sign while traveling abroad, or take a video of different snack offerings to ask which one is the healthiest option.

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Snap Partners with Google Cloud to Power Multi-Modal Generative AI Experiences Within its My AI Chatbot

NOVUS will work with Ginkgo to build more efficient enzymes that can be produced cost-effectively.

Ginkgo Bioworks Enters Its New Partnership With NOVUS International

Wedbush analyst David Chiaverini upgrades Comerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) from Neutral to Outperform and raises the price target from $52 to $75.

Wedbush Upgrades Comerica to Outperform, Raises Price Target to $75

Pebblebrook Hotel Trust Prices Private Placement Of $400M Of 6.375% Senior Notes Due 2029

Village Farms International Announced That It Has Acquired The Remaining Equity Ownership Interest In Leli Holland To Increase Equity Ownership To 100% From 85%

Overall the updated analysis reveals a 56% objective response rate (ORR) in patients treated with LODER, with the ORR increasing to 67% in patients whose previously non-resectable tumors became resectable. This marks a significant step forward in potentially improving surgical outcomes for LAPC patients.

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Silexion Therapeutics Announced New Findings From Its Phase 2 Trial Of LODER In Patients With Non-resectable Locally Advanced Pancreatic Cancer (LAPC) Which Bear KRAS G12D Or G12V Mutation-Filing

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Canoo Says It Launched Commercial Operations And Activation Center In The United Kingdom;  Expansion Poised To Capitalize On The Strong Demand In The Light Commercial Vehicle Market

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iShares MSCI Israel Capped Investable Market Index Fund

White House's Kirby Said Americans Should Leave While Commercial Travel Is Still Available Amid Israel-Lebanon Conflict

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CEVA Says It Inked Pact With Edge Impulse To Enable Faster, Easier Development Of Edge AI Applications

Italian automaker Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) is reportedly looking for a new CEO to replace Carlos Tavares.
What Happened: Tavares took the helm of the company in 2021. The company <a href="https://apnews.com/article/stellantis-jeep-ram-ceo-carlos-tavares-6a882961eb47c581e6105d2bc473f57c">told</a> Associated Press on Monday that the look out for a new CEO is part of the normal process of determining leadership succession.
Tavares&#8217; contract is set to expire in 2026, AP reported. There is also a possibility that Tavares will stay in the role for longer, it added.
Earlier this month, President of U.S. Stellantis National Dealer Council (NDC) Kevin Farrish <a href="https://www.benzinga.com/news/24/09/40827607/stellantis-fires-back-at-us-dealer-councils-allegation-of-short-term-decision-making-carmaker-says-p" target="_blank" rel="noreferrer noopener">wrote to company CEO</a> Tavares, accusing him of &#8220;short-term decision-making&#8221; and urged that the CEO spend more to clear older inventory.
Tavares&#8217; decisions, the NDC President said, ended up shrinking the company&#8217;s market share and hurting its many brands. Stellantis, however, said that it takes &#8220;absolute exception&#8221; to the letter, and termed it a &#8220;public personal attack.&#8221;
The company has also faced flack from the United Auto Workers (UAW) union. Last week, <a href="https://www.benzinga.com/news/24/09/40996835/xpeng-touches-production-milestone-of-500k-evs-heres-how-many-electric-cars-the-chinese-company-has">UAW</a> said that it <a href="https://www.benzinga.com/news/24/09/40894503/uaw-files-nlrb-complaint-against-stellantis-over-alleged-contract-violations-says-it-intends-to-make" target="_blank" rel="noreferrer noopener">filed federal unfair labor practice charges</a> at the National Labor Relations Board (NLRB) against Stellantis for alleged violation of the <a href="https://www.benzinga.com/news/23/11/35530931/stellantis-weathered-uaw-strikes-better-than-gm-and-ford-with-less-financial-toll-cfo" target="_blank" rel="noreferrer noopener">labor contract entered into last year</a>.
The union alleges that Stellantis is attempting to move the production of the Dodge Durano SUV out of the U.S. and is also looking to not reopen the idled Belvidere assembly plant in Illinois despite it being promised.
The company, however, said that it has abided with the agreement it entered into last year with the union and will continue to.
Why It Matters: For the first half of 2024, Stellantis reported a 48% fall in net profit to €5.6 billion ($6.22 billion) and a 14% fall in net revenue to €85 billion, owing to a&nbsp;<a href="https://www.benzinga.com/markets/24/06/39477084/stellantis-threatens-to-exit-uk-over-unsustainable-ev-sales-targets-if-this-market-becomes-hostile-f" target="_blank" rel="noreferrer noopener">dip in market share</a>&nbsp;in North America.
"It is an understatement to say that H1 2024 results were disappointing and humbling,"&nbsp;<a href="https://www.benzinga.com/news/earnings/24/07/39959183/stellantis-ceo-earnings-fell-short-of-expectations-expect-20-new-vehicles-this-year" target="_blank" rel="noreferrer noopener">Tavares said</a>&nbsp;at the company's earnings call in July.
&#8220;The Company&#8217;s performance in the first half of 2024 fell short of our expectations, reflecting both a challenging industry context as well as our own operational issues… We have significant work to do, especially in North America, to maximize our long-term potential," he said while also reiterating his personal involvement with the teams in North America to fix the issue.
In the second quarter alone, Stellantis saw its sales in the U.S. fall 21% to 344,993 vehicles.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40996835/xpeng-touches-production-milestone-of-500k-evs-heres-how-many-electric-cars-the-chinese-company-has">XPeng Touches Production Milestone Of 500K EVs: Here&#8217;s How Many Electric Cars The Chinese Company Has Delivered</a></li>
</ul>
Photo courtesy: Shutterstock

STLA

Stellantis Begins Search For New CEO To Succeed Carlos Tavares: Report

FANG

KNTK

Diamondback Energy, Kinetik And EPIC Midstream Announced A Series Of Transactions To Support The Continued Growth And Strengthened Financial Profile Of EPIC Crude Holdings, LP

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Teledyne FLIR Defense Receives Two Five-Year Requirements Contracts Worth Up To $47M In Total To Provide And Support Nearly Its Entire Range Of Ground Robots To US Government

Raymond James analyst Josh Beck initiates coverage on Maplebear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) with a Market Perform rating.

Initiation

Raymond James Initiates Coverage On Maplebear with Market Perform Rating

Goehring & Rozencwajg Q4 2023 Natural Resource Market Commentary

URNM And URNJ: Access Pure-Play Uranium With Sprott ETFs

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Thanks to supply-demand issues, uranium prices are at&nbsp;<a href="https://www.wsj.com/finance/commodities-futures/uranium-prices-jump-to-16-year-high-on-supply-woes-analysis-05c7086f">16-year highs</a>. And they&rsquo;re not likely to come down any time soon, creating an opportunity for beaten-down uranium stocks.



To start,&nbsp;one of the world&rsquo;s biggest producers of uranium, Kazatomprom just said, &ldquo;It will produce only 80% of its permitted maximum uranium output allowed under Kazakh subsoil usage contracts, instead of the previously announced 90% level,&rdquo;&nbsp;<a href="https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/020124-kazakh-uranium-miner-kazatomprom-says-will-produce-only-80-of-permitted-levels-in-2024">as noted by S&amp;PGlobal.com</a>.&nbsp;



&ldquo;The company had warned in a Jan. 12 statement about the potential to not meet the previously indicated 90% level due to the sulfuric acid issue and delays in completing construction works at newly developed [uranium] deposits.&rdquo;



On top of that, demand is strongly rebounding. Especially with 22 countries &ndash; including the U.S., Canada, the UK, and France &ndash;&nbsp;pledging to <a href="https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/120223-cop28-22-nations-pledge-to-triple-nuclear-generation-capacity-by-2050">triple their nuclear capacity by 2050</a>. Fueling further upside, <a href="https://www.wsj.com/finance/commodities-futures/uranium-is-finally-running-hot-and-miners-cant-keep-up-e6a79367">uranium miners are struggling</a> to get uranium out of the ground&nbsp;after years of slow demand since Fukushima.



All of which is creating a massive opportunity for uranium stocks.



<h2>Cameco Corp. (CCJ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/uranium-hand-1600-300x169.jpg" alt="CCJ Stock: Hand in long yellow glove holding a chunk of uranium material"><div>Source: shutterstock.com/RHJPhtotoandilustration</div></div>Since July,&nbsp;Cameco&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/ccj-stock-quote/">CCJ</a>) rocketed from about $30 to a frothy double-top high of $50. From there, it pulled back to about $40.53, where it&rsquo;s now oversold on RSI, MACD, and Williams&rsquo; %R. From here, I do expect CCJ to again test its former high shortly.&nbsp;



All because the supply-demand scenario isn&rsquo;t cooling. 



In fact, according to Cameco CEO Tim Gitzel uranium prices are soaring higher due to global factors that will &ldquo;persist for years,&rdquo;&nbsp;<a href="https://seekingalpha.com/news/4065272-uranium-markets-bullish-trend-to-persist-for-years-to-come-cameco-ceo-says">says Seeking Alpha</a>.&nbsp;&ldquo;Market tightness caused by supply chain challenges, ongoing mine depletion, declining secondary supplies, and a decade of underinvestment amid low market prices likely will persist well into the next decade,&rdquo;&nbsp;<a href="https://seekingalpha.com/news/4065272-uranium-markets-bullish-trend-to-persist-for-years-to-come-cameco-ceo-says">Gitzel added</a>.



With earnings, the company missed with EPS of C$0.21. However, its C$844 million revenue, up 61% year-over-year (YOY) did beat expectations. Better, its full-year 2024 guidance for C$2.85 billion to C$3 billion was also above estimates for C$2.81 billion.



<h2>NexGen Energy (NXE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1932365063-300x169.png" alt="Environmental protection, renewable, sustainable energy sources. Plant growing in the bulb concept. renewable energy stocks to buy"><div>Source: Proxima Studio / Shutterstock.com</div></div>NexGen Energy&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/nxe-stock-quote/">NXE</a>) is also oversold on RSI, MACD, and Williams&rsquo; %R. Currently trading at $7.05, the Canadian uranium company could rally back to its initial $8.25.



Helping, the company&rsquo;s Rook I Project is being developed into the largest, low-cost producing uranium mines in the world,&nbsp;<a href="https://www.nexgenenergy.ca/rook-1-project/#:~:text=Feasibility,-Study%20Highlights&amp;text=Extensive%20data%20collection%20and%20testing,uranium%20mine%20in%20the%20world.">according to the company</a>.&nbsp;



It also expects&nbsp;Rook I to produce about <a href="https://s28.q4cdn.com/891672792/files/doc_presentations/2024/NXE_CorpDeck_February-2024.pdf">30 million pounds of uranium</a>&nbsp;each year. Even better, it could provide 50% of Western supply at some point. And, while production hasn&rsquo;t started just yet, NXE says it could deliver a free cash flow (FCF) of $2 billion in the first five years.



Also,&nbsp;<a href="https://s28.q4cdn.com/891672792/files/doc_presentations/2024/NXE_CorpDeck_February-2024.pdf">as noted in its investor deck</a>, demand for uranium is expected to jump 127% by 2030. By 2040, demand will be up by 200%. All of which could create a massive 240-million-pound deficit. Worse, that will continue to widen as growth in annual demand is expected to triple by the time 2050 rolls around, as also noted by the company.



<h2>Denison Mines (DNN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/uranium-stocks-1600-300x169.jpg" alt="A photo of a uranium mine"><div>Source: John Carnemolla / Shutterstock.com</div></div>There&rsquo;s also Denison Mines (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/dnn-stock-quote/">DNN</a>), a uranium exploration and development company with interests in the&nbsp;AthabascaBasin region of northern&nbsp;Saskatchewan, Canada,&nbsp;<a href="https://s28.q4cdn.com/891672792/files/doc_presentations/2024/NXE_CorpDeck_February-2024.pdf">as noted on the company&rsquo;s site</a>.&nbsp;



The company also has 95% interest in its Wheeler River Uranium Project &ndash; the &ldquo;<a href="https://s28.q4cdn.com/891672792/files/doc_presentations/2024/NXE_CorpDeck_February-2024.pdf">largest undeveloped uranium project</a>&rdquo; in&nbsp;the &ldquo;infrastructure-rich eastern portion of the&nbsp;Athabasca Basin region of northern&nbsp;Saskatchewan,&rdquo; as well, says Denison Mines.



Even more impressive,&nbsp;<a href="https://finance.yahoo.com/news/denison-reports-impressive-financial-operational-011100912.html">according to President and CEO David Cates</a>,&nbsp;&ldquo;The sheer magnitude of Denison&rsquo;s numerous operational accomplishments in 2023 reflects an extraordinarily productive time for our Company. With the completion of the Phoenix Feasibility Study in June, we have cemented Phoenix&rsquo;s position as a globally leading uranium development project, showcasing Denison&rsquo;s industry leadership in the de-risking and application of the In-Situ Recovery mining method in the Athabasca Basin.&rdquo;



Better still, earnings haven&rsquo;t been too shabby either. For 2023, the company posted EPS from continuing operations of 11 cents &ndash; a 450% jump YOY.



<h2>Energy Fuels Inc. (UUUU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/uranium-1600-300x169.png" alt="Powdered and solid uranium in front of a white background."><div>Source: RHJPhtotos / Shutterstock</div></div>We can also look at oversold uranium producer&nbsp;Energy Fuels (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/uuuu-stock-quote/">UUUU</a>). With the supply-demand issue, the company has been <a href="https://finance.yahoo.com/news/energy-fuels-uuuu-commences-production-145900433.html">ramping up production</a> at three of its developed mines in Arizona and Utah. It&rsquo;s also preparing two other mines in Colorado and Wyoming with production expected in about a year. And it&rsquo;s advancing a few other larger-scale U.S. mines.



Earnings have been just as solid. EPS of 62 cents was up from a year-earlier loss of 38 cents. Revenue was up 203% YOY to $37.93 million from $12.5 million.&nbsp;



Even better,&nbsp;<a href="https://www.prnewswire.com/news-releases/energy-fuels-announces-2023-results-record-net-income-and-earnings-per-share-uranium-production-ramp-up-and-near-term-production-of-separated-rare-earth-elements-302070233.html">as noted by the company</a>, &ldquo;As long as market prices are strong, we will continue to selectively capitalize on spot market sales opportunities as we ramp up our production, in ways that are unique to our Company, in 2024 and beyond, and with limited capital.&rdquo;



After dropping to about $6 a share, UUUU is slowly pivoting higher. From a current price of $6.33, I&rsquo;d initially like to see it retest $8.25.



<h2>Uranium Royalty (UROY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/uranium-stocks-300x169.jpg" alt="uranium, a mineral used in nuclear research"><div>Source: RHJPhtotoandilustration / Shutterstock.com</div></div>There&rsquo;s also Uranium Royalty (NASDAQ:<a href="https://investorplace.com/stock-quotes/uroy-stock-quote/">UROY</a>), a Canadian company that owns interests in uranium mines in the U.S. and in Canada.&nbsp;It&rsquo;s also oversold after pulling back from $3.67.&nbsp;



Not only is it gaining exposure to uranium prices without ever having to deal with the risks and costs associated with mining, it&rsquo;s also seeing royalties, and receiving payments from uranium mine operators based on production or uranium project sales. It&rsquo;s also exposed to uranium streams, where it makes a payment to an operator in exchange for long-term rights to a fixed percentage of future production,&nbsp;<a href="https://www.uraniumroyalty.com/why-urc/business-strategy/">according to the company&rsquo;s site</a>.



At the moment, it has interest in properties operated by Uranium Energy Corp. (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/uec-stock-quote/">UEC</a>), Cameco, enCoreEnergy (NASDAQ:<a href="https://investorplace.com/stock-quotes/eu-stock-quote/">EU</a>), PaladinEnergy (OTCMKTS:<a href="https://investorplace.com/stock-quotes/palaf-stock-quote/">PALAF</a>), and Energy Fuels to name a few of the top ones.&nbsp;



Helping, analysts at&nbsp;Canaccord just <a href="https://realmoney.thestreet.com/recommendations/uroy-uranium-royalty-price-target-raised-by-c-at-canaccord">raised their price target on UROY</a>.&nbsp;<a href="https://www.moomoo.com/news/post/30837259/hc-wainwright---co--maintains-buy-on-uranium-royalty--raises-price-target-to-----">H.C. Wainwright</a>&nbsp;also raised its price target price to $6.40 with a buy rating.&nbsp;



<h2>Sprott Uranium Miners ETF (URNJ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/shutterstock_1007906431-300x169.jpg" alt="clean energy stocks: a nuclear power plant in Belgium"><div>Source: engel.ac / Shutterstock</div></div>Or, if you want to diversify with top uranium mining stocks, we can look at an exchange-traded fund (ETF) like the&nbsp;Sprott Uranium Miners ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/urnj-stock-quote/">URNJ</a>).



With an expense ratio of 0.80%, URNJ is a pure-play junior uranium mining ETF that tracks the performance of mid-, small-, and micro-cap uranium-related stocks. Some of its top holdings include Paladin Energy, NexGen Energy, Uranium Energy Corp., Denison Mines, and Energy Fuels to name a few.



Over the last few weeks, the ETF did pullback from about $30 to $24.32. Now oversold, I&rsquo;d like to see the URNJ ETF revisit its prior high initially.&nbsp;



Also,&nbsp;<a href="https://seekingalpha.com/article/4662184-urnj-2024-is-a-year-for-the-junior-uranium-miners-to-outperform">as noted by Seeking Alpha</a>, &ldquo;Historical behavior suggests that small and mid-size uranium miners are likely to catch up and outperform in the near future, especially with potential catalysts&rdquo; such as the current supply-demand issue.



Higher uranium prices, and a recovery in oversold uranium stocks should boost URNJ near term.



<h2>Global X Uranium ETF (URA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/uranium-1600-1-300x169.png" alt="Uranium on top of black rock background."><div>Source: RHJPhtotos / Shutterstock</div></div>Another hot, but oversold ETF to consider is the&nbsp;Global X Uranium ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/ura-stock-quote/">URA</a>). Since bottoming out in March 2023, the ETF ran from about $18 to a high of $32.60. Now at $27.46, it&rsquo;s also technically oversold. From here, I&rsquo;d like to see in initially retest its prior high and head higher with the supply-demand issues.



<a href="https://www.globalxetfs.com/funds/ura/">With an expense ratio of 0.69%</a>, the ETF offers exposure to companies involved with uranium mining, and the production of nuclear components, including extraction refining, exploration, and manufacturing. In fact, some of its top holdings include Cameco, NexGen Energy,&nbsp;Yellow Cake&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/yllxf-stock-quote/">YLLXF</a>), Denison Mines, and&nbsp;Boss Energy&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/bqssf-stock-quote/">BQSSF</a>) to name a few.



Helping, demand is likely to rise significantly, especially as countries look to nuclear energy, as a key energy source. Geopolitics will also send uranium prices, stocks, and ETFs, like the URA ETF to higher highs. That includes the U.S. ban on uranium from Russia.



On the date of publication, Ian Cooper did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/7-nuclear-and-uranium-stocks-to-power-up-your-portfolio/">7 Nuclear and Uranium Stocks to Power Up Your Portfolio</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Nuclear and Uranium Stocks to Power Up Your Portfolio

URNJ: I View The Recent Pullback A Good Buying Opportunity

Goehring & Rozencwajg Q1 2024 Natural Resource Market Commentary

Yellow Cake: Now Trading With An Implied Uranium Price Of $75/Lb

URNJ: Good Industry Developments And The Recent Pullback Offers A Buying Opportunity

Uranium Update: Opportunities On The Right Side Of The Risk Curve

Yellow Cake: Offered At An Implied Uranium Price Of $64/Lb

URNJ: The Demand For Uranium Continues To Grow

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