5 Best Uranium Stocks to Buy for Q2 2025

Demand for clean fuel is rising, and investing in uranium stocks is a top way to ride the trend. This page selects five of the best uranium stocks for the year ahead.
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Updated on Jul 4, 2024
Reading time 7 minutes

Uranium is crucial in producing nuclear energy and is in high demand as nations look to increase their energy security. Our experts have investigated the market and selected the best stocks to buy now in the uranium sector.

What are the top uranium stocks to buy?

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You can find out expertly selected recommendations below. Discover which uranium companies are the best to invest in and click the buttons to buy right now.

#Stock symbolCompany nameLearn more
1CCJCamecoLearn more >
2BHPBHPLearn more >
3UUUUEnergy FuelsLearn more >
4DNNDenison MineralsLearn more >
5UECUranium Energy CorporationLearn more >
List chosen by our team of analysts, updated April 2025.

1. Cameco (CCJ)

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  • Market Cap: $23.2 billion
  • Dividend yield: 0.17%
  • Forward revenue growth: 19%
  • Forward P/E ratio: 56.5
  • Stock price: $53.40

Cameco is one of the largest producers of uranium in the world. It has a diversified portfolio of assets, including mines in Canada, the United States, and Kazakhstan. It currently supplies 9% of the world’s supply of uranium. 

Its extensive operations include a 50% stake in the highly productive Cigar Lake mine and 70% ownership of the renowned McArthur River mine, both located in Saskatchewan. In addition, Cameco holds an 83% interest in the Key Lake mill, further solidifying its presence in the Athabasca Basin, a well-regarded uranium jurisdiction.

Founded in 1987, Cameco has a long history of success and is considered one of the most prominent players in the uranium market. Its financial stability and expertise, combined with the increasing demand for nuclear energy, make it a top choice for investors looking for long-term growth. 

Cameco has a strong record of growing its business. Its annual revenue jumped to over $1.93 billion in 2023 and the company hopes to get to $2 billion in 2024. It made over $273 million in net profit in 2023. 

2. BHP (BHP)

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  • Market Cap: $148 billion
  • Dividend yield: 4.95%
  • Forward revenue growth: 19%
  • Forward P/E ratio: 11
  • Stock price: $58.20

BHP Group is a leading global resources company. The company is headquartered in Melbourne, Australia and operates in over 25 countries worldwide. BHP’s diversified portfolio includes minerals such as iron ore, copper, coal, nickel, and oil. The company has also made significant investments in the uranium industry recently.

It has many assets across the globe, and its mine in Australia, is one of the largest uranium deposits in the world, alongside copper, gold and silver. The company’s uranium output from Olympic Dam decreased in 2022r, but BHP remains focused on finding new opportunities to add to its resource profile. 

The company is currently exploring the potential of Oak Dam in South Australia, where high-grade mineral deposits, including uranium, have been identified. BHP stock exposes investors to a diversified portfolio of minerals, including uranium. While its sole focus isn’t on uranium, including other minerals, it can provide stability during market cycles. 

3. Energy Fuels (UUUU)

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  • Market Cap: $967 million
  • Dividend yield: N/A
  • Forward revenue growth: 254%
  • Forward P/E ratio: NA
  • Stock price: $5.94

Energy Fuels is a company that mines uranium, rare earths, and vanadium, three of the most popular commodities. Uranium is widely used in the energy segment while rare earths are found in most items like semiconductors, smartphones, and computers.

Energy Fuels’ business has been growing in the past few years. Total revenue has moved from over $5.9 million in 2019 to over $37.9 million in 2023. It also emerged from a net loss of $59.9 million in 2022 to over $99 million in 2023.

The company is a good investment because of its locations in the United States and Canada. It also expects to produce 200k pounds of uranium at an average price of $102.8 per pound. It will also continue to participate in the spot market this year. Like Uranium Energy, Energy Fuels is not followed widely by Wall Street analysts.

4. Denison Mines (DNN)

  • Market Cap: $1.8 billion
  • Dividend yield: N/A
  • Forward revenue growth: 254%
  • Forward P/E ratio: 34
  • Stock price: $2.10

Denison Mines is a leading uranium mining company based in Canada. It has a 955 stake in its flagship Wheeler River project and a 22.55 interest in the McClean Lake Uranium, and a 69.35% stake in the Waterbury Lake project. 

Wheeler’s mine life is 16.5 years and has over 106.4 million in proven reserves while Waterbury has a 6-year mine life.

The company does not produce a lot of uranium yet, which makes its revenue to be a bit volatile. For example, it made over $1.4 million in annual revenue in 2023 and a net profit of over $68 million.

Still, it has a robust balance sheet with over $312 million in cash and short-term investments and no debt. It also has a chance to grow its business when all its other mines comes online in the next few years.

5. Uranium Energy Corporation (UEC)

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  • Market Cap: $2.5 billion
  • Dividend yield: N/A
  • Forward revenue growth: 94%
  • Forward P/E ratio: NA
  • Stock price: $6.12

Uranium Energy Corp is one of the top emerging companies in the industry with projects in Texas, Wyoming, Canada, Paraguay, and New Mexico among others. It is unhedged and has no contracts at pre-set prices, helping it do well at a time when uranium prices are in an uptrend.

The company’s revenue has grown sharply as it started mining. It has moved from over $23.6 million in 2022 to over $164 million in the last financial year. However, it is also losing substantial sums of money as it continues to fund its projects. 

Fortunately, the company has no debt and over $82.3 million in cash and short-term investments. However, there is a risk that Uranium Energy will raise cash either in 2024 or 2025.

The other risk is that the company is not followed widely by Wall Street analysts. In most cases, investing in companies that are followed by analysts is a good thing because it gives you more information about them.

Where to buy the best uranium stocks

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You can buy any of the best uranium stocks discussed on this page by visiting the brokerage platforms listed below. Click on any of the links to get started in just a few minutes.

We found 6 online brokers for users based in

eToro review
4.6
eToro
Min. Deposit $100
Fees 1%
No. assets 3600+
Demo account Yes

eToro review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Plus500 review
4.5
Plus500
Min. Deposit $100
Fees From 2%
No. assets 2800+
Demo account Yes

Plus500 review

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

Best uranium stocks
Min. Deposit n/a
Fees -
No. assets n/a
Demo account -

What is a uranium stock?

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It’s a company’s stock that is involved in the exploration, mining, or production of uranium. Uranium stocks allow investors to invest in the energy sector, particularly in the growing area of clean and efficient energy sources. Many companies in the uranium market also generate revenue from other minerals and energy assets. 

Are uranium stocks a good investment?

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Yes, investing in the uranium sector is a good investment, especially if you’re seeking exposure to the energy sector. The demand for nuclear energy,  driven by the need for clean and efficient energy sources, has increased the demand for uranium. This growing demand will likely lead to higher prices for the commodity and provide investors with growth opportunities. 

However, investing in uranium stocks does not come without risk. The uranium market is subject to fluctuations in supply and demand dynamics, geopolitical risks, and regulatory changes, which can impact the commodity’s price. 

Before investing in uranium stocks, it is important to consider the potential risks and opportunities. You should also conduct thorough research and keep up to date with the latest market news and developments, which you can do on any of the links below.

Methodology: How we choose the best uranium stocks

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At Invezz, our mission is to empower our readers with the most accurate and reliable financial information. Our curated selection of the best stocks in specific industries is designed to provide investors with well-researched, expertly reviewed stock recommendations. Our team follows a rigorous process to ensure our readers receive high-quality, trustworthy stock selections.

  • Initial screening. Our team of experienced stock market analysts conducts an initial screening of stocks within the chosen industry. This involves analyzing a broad range of companies based on key financial metrics such as revenue growth, profitability, debt levels, and market capitalization.
  • Earnings reports and financial analysis. Analysts review the latest earnings reports of shortlisted companies. This includes a detailed assessment of financial statements, looking for consistent earnings growth, strong balance sheets, and positive cash flow trends. Special attention is given to year-over-year performance and quarterly results.
  • Sector analysis. A comprehensive sector analysis is conducted to understand the macroeconomic factors affecting the industry. This includes examining market trends, competitive landscape, regulatory changes, and technological advancements. Our analysts utilize industry reports, market research, and economic forecasts to gain a holistic view of the sector.
  • Analyst recommendations. We consider recommendations from reputable sources such as Barron’s and Zacks. These sources provide expert opinions and ratings on stocks, which serve as an additional layer of validation for our selections. Incorporating external analyst recommendations ensures that our curated stocks are backed by a consensus of expert views.
  • Internal review. After the initial selection by our analysts, the chosen stocks are reviewed by a sub-editor. The sub-editor ensures that the analysis is clear, concise, and adheres to Invezz’s editorial guidelines. This review process helps maintain the quality and readability of our content, making it accessible to a broad audience.
  • Quarterly updates. To ensure our stock recommendations remain relevant and up-to-date, we update the curated section quarterly. Each update cycle involves re-evaluating the stocks based on the latest financial reports, industry developments, and market conditions. This regular update process ensures that our recommendations reflect the most current information available.

Our approach combines expert analysis, comprehensive research, and regular updates to deliver reliable and insightful investment recommendations. Read more about our review process and editorial policy.


Sources & references

Crispus Nyaga

Crispus Nyaga

Market Analyst

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Crispus is a Financial Analyst for Invezz covering the stock, cryptocurrency and forex markets. He’s an experienced analyst with more than 8 years of industry experience. His analysis is featured on industry leaders including macrostreet.com,  SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com, to name a few....