Uranium market rocketed last year in 2023 but still in 2024 uranium stocks are performing very well. In this post you can find best Uranium stocks ASX.
Their are more than 50 ASX uranium listed companies who are actually uranium miners or have some sort of link with uranium production. Anyways.
Without wasting too much time lets discuss Uranium stocks ASX which can give massive gains in 2022.
Table of Contents
What are the best uranium stocks ASX to buy?
| Best uranium stocks asx | ASX codes |
| Peninsula Energy | ASX: PEN |
| Paladin Energy | ASX: PDN |
| Energy Resources Of Australia | ASX: ERA |
| Core Lithium Ltd | ASX: CXO |
| Anson Resources Ltd | ASX: ASN |
| Peninsula Energy | ASX: PEN |
| A-Cap Energy Ltd | ASX: ACB |
Uranium news: Lets discuss future price prediction for ASX Uranium Stocks, which can help you to make your mind that you should invest in uranium stocks or not.
Peninsula Energy (ASX: PEN)
PEN is purely uranium mining company. Currently, they are running two projects such as Lance uranium project, USA and Karoo uranium project, South Africa. This company is generating revenue from both projects but Lance uranium project produce more revenue as compare to Karoo uranium project.
While writing this, price of PEN was at $0.20 AUD with an 52 week low of $0.10 AUD and high of $0.35 AUD.
As per Morningstar Quantitative Fair value of ASX:PEN is $0.37 AUD. So in 2022, we can see major uptrend.
Paladin Energy (ASX: PDN)
PDN is largest asx listed Australian uranium producer and mining company operates from Western Australia which runs many project around the globe mainly in south Africa, Australia and their very popular Langer Heinrich mine in Namibia.
While writing this, price of PDN was at $0.78 AUD with an 52 week low of $0.36 AUD and high of $1.35 AUD.
As per Morningstar Quantitative Fair value of ASX:PDN is $0.92 AUD as per current market conditions. So in 2022, we can see major uptrend for this stock if people again start putting their stacks in uranium stocks.
Energy Resources Of Australia (ASX: ERA)
This company is linked with selling uranium oxide as well as processing and mining. Ranger uranium mine site is controlled and operated by ERA. Their uranium mines are located in Darwin, NT.
While writing this, price of ERA was at $0.34 AUD with an 52 week low of $0.19 AUD and high of $0.58 AUD.
As per Morningstar Quantitative Fair value of ASX:ERA is $0.41 AUD.
Core Lithium Ltd (ASX: CXO)
Core lithium as performed over the moon in 2021 and still in 2022 its dominating its industry. Mainly CXO is lithium producer but they are also in Uranium mining with Fitton Uranium Project in South Australia as well as they got some uranium mining sites in NT.
While writing this, price of CXO was at $1.02 AUD with an 52 week low of $0.21 AUD and high of $1.11 AUD.
As per Morningstar Quantitative Fair value of ASX:CXO is $1 AUD which CXO has already achieved. Being a personal believer and holders of CXO shares, our price prediction for CXO is over $1.5 by the end of 2022.
Anson Resources Ltd (ASX: ASN)
This company was founded in 2009 and deal with various resources such as copper, lithium, nickel. They also have Uranium projects one of their main uranium project is Yellow Cat Vanadium-Uranium project.
While writing this, price of ASN was trading at $0.11 AUD with an 52 week low of $0.04 AUD and high of $0.18 AUD.
As per Morningstar Quantitative Fair value of ASX:ASN is $0.17 AUD. So, in 2022 we can see that ASN might break its high and make new high.
A-Cap Energy Ltd (ASX: ACB)
Another popular uranium stock listed on asx. This shares has shown decent growth over the period of time. their main uranium mine is Letlhakane Uranium Project located in Botswana.
Current price of this share is trading at $0.12 AUD with 52 high of 0.19 cents and low of 0.043 cents.
0.20 cent is fair value of this share as per Morningstar Quantitative. So, 2022 will be very interesting for this share that it will reach its fair value or not by breaking its 52 week high price.
Thoughts of ASX Investor about Uranium stocks
Uranium stocks: FAQ
Will uranium stocks rise?
Yes, global demand for uranium is increasing day by day and their could be a supply shortage. so in 2022, Price of Uranium stocks could follow uptrend
Is uranium a good investment in 2022?
Yes, we are quite bullish on uranium stocks. Lets hope for good. checkout our website for best uranium stocks asx.
Is there a uranium ETF?
Their are not much ETFs who invest in Uranium but you can have a look onto VanEck Vectors Uranium+Nuclear Energy ETF (NLR).
Is uranium a long term investment?
Yes, uranium is good for long term investment because demand for uranium is increasing day by day, Also spend time in stock market instead of timing stock market.
Conclusion
Overall, in above post we discussed uranium stocks asx and shared our insight on 7 different Australian mining companies of uranium and at the end we have given FAQ to answer some of the popular questions.
Well if you are interested in Investing then check:
