How will these uranium stocks perform this month?

Many different sorts of mining stocks are doing well in the market. When most people think of mining stocks, they think of gold or silver assets. However, there is one type of mining stock that is now outperforming the market. Of course, we’re discussing the current state of uranium stocks. There are several reasons why uranium stocks are rising in value.

COVID-19 has had a negative influence on the uranium stock market. COVID increased Uranium stockpiles to levels not seen since the Fukushima Daiichi nuclear disaster in Japan in 2011. However, at several moments in 2021, the popular subreddit WallStreetBets has influenced uranium stocks. Many uranium equities have risen in value as a result of increased attention on the Reddit platform. The Sprott Physical Uranium Trust, a Canadian Closed-End Fund, has reached new highs since 2014.

But how can you know which uranium equities are the best to buy? Perhaps you’ve discovered a uranium firm in which you’d want to invest, but you’re unfamiliar with the market. The best things to keep up with are company-specific news, global news, and industry news. For example, a uranium scarcity or Reddit might cause a price increase. Let’s take a look at three uranium stocks that are doing well in the market right now.

Top Uranium Stocks To Watch

  1. NexGen Energy Ltd. (NYSE: NXE)
  2. Denison Mines Corp. (NYSE: DNN)
  3. Cameco Corporation (NYSE: CCJ)

NexGen Energy Ltd. (NYSE: NXE)

NexGen Energy Ltd. is a uranium stock that has recently surged in value. This is a uranium firm that specializes in uranium project acquisition, exploration, and appraisal. NexGen’s projects include the Rook I project, which is the company’s major asset. This project has 32 contiguous mineral claims totaling 35,065 hectares.

On November 9th, NexGen awarded a hatch EPCM contract as a front-end engineering design. This occurred as the Rook I project commenced. The EPCM contract was awarded after a rigorous and competitive tender procedure that included many globally recognized industry firms. Hatch is responsible for delivering engineering, procurement, and execution planning services to NexGen, as well as assisting overall project management, as part of the owner’s team.

The CEO of NexGen, Leigh Curyer said, “Advancing into the FEED stage of development is another exciting milestone for the Company, and we’re pleased to welcome Hatch to NexGen’s growing high-performance team in advancing the Rook I project towards the start of construction. Hatch’s exemplary reputation in the global mining sector and deep understanding of value-driven project delivery aligns perfectly with NexGen’s commitment to elite standards and is a key step in the development of this leading global resource project.” Will you add NXE stock to your uranium watchlist in mid-November?

Denison Mines Corp. (NYSE: DNN)

Denison Mines Corp. is a uranium stock that we’ve spoken about a lot on this site. This is a uranium company that operates in several locations and develops and produces uranium. The Wheeler River Uranium Project, located in Saskatchewan’s Athabasca Basin, is the company’s flagship project. Denison presently owns a 95 percent stake in the project, which has proven to be a huge success for the corporation thus far.

On November 4th, the company reported its results for the third quarter of 2021. During this time, Denison successfully conducted ISR field tests at the Phoenix uranium deposit. The achievement of commercial-scale production flow rates comparable to those in the pre-feasibility study for the Wheeler River project in 2018 was included. Phoenix has now progressed to the feasibility study stage, with Wood PLC spearheading and authoring the study.

President and CEO of Denison, David Cates said, “Our recent In-Situ Recovery (‘ISR’) field test results reflect several years of progress made towards systematically de-risking the use of the ISR mining method at the high-grade Phoenix deposit – culminating in the successful, and first of its kind, field test of a commercial-scale well pattern located in the expected first phase of the Phoenix orebody.” Based on this new info, will DNN stock be on your watchlist right now?

Cameco Corporation (NYSE: CCJ)

Cameco Corporation is a uranium corporation that specializes in uranium production and sales. Uranium and fuel services are the company’s two divisions. Cameco’s uranium division mines, grinds, purchases, and sells uranium concentrate. The Cigar Lake uranium deposit in Canada is the company’s major uranium asset. The company’s fuel services segment refines, converts, and fabricates uranium concrete and buys and sells conversion services.

On October 29th, the company reported its third quarter results for 2021. The company experienced a net loss of $72 million and an adjusted net loss of $54 million. The company also updated its outlook and continued its contracting. According to the company, Cameco has a strong balance sheet at the moment.

The CEO and President of Cameco, Tim Gitzel said, “We are optimistic about Cameco’s role in capturing long-term value across the fuel chain and supporting the transition to a net-zero carbon economy. We believe we have the right strategy to achieve our vision and we will do so in a manner that reflects our values. For over 30 years, we have been delivering our products responsibly.” Will CCJ be on your uranium stock watchlist?

Will You Buy Uranium Stocks?

It can be challenging to find the top uranium stocks to invest in. As a result, keeping up with the latest market trends can be extremely advantageous. The importance of sector news in most mining equities is important to the investment process. So, in mid-November 2021, which uranium stocks will be on your radar?


Midam Ventures, LLC | (305) 928-8939 | 1501 Venera Ave, Coral Gables, FL 33146 | news@goldstocks.com
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