Top ASX
Uranium Stocks

Discover Australia's top-ranking uranium sector, 1st in resources, 3rd in production. Earnings set to double by 2028! Download our FREE report and seize the opportunity today.

Top ASX
Uranium Stocks

Discover Australia's top-ranking uranium sector, 1st in resources, 3rd in production. Earnings set to double by 2028! Download our FREE report and seize the opportunity today.

Australia Uranium

According to the Resources and Energy quarterly report, March 2023, published by the Australian government department of industry, science, and resources, Australia’s uranium sector ranks first for uranium resources and is considered the 3 rd largest producer in the world. By 2028, export earnings are on track to double, as reported by the Department of Industry, Science, and Resources. Mine production in Australia has been growing at a CAGR of approximately 9.9%. Export volume is constantly rising at a compounded annual growth rate of approximately by 8.2%.The uranium average price is growing at a CAGR of approximately 6.8%.

Rising demand will boost uranium prices, export volumes and earnings

Australian uranium outcome is presently limited to two mines, but more are in prospect. Boss Energy’s Honeymoon mine, which is restarting from care and maintenance, is expected to produce around 1,100- 1,200 tonnes of uranium per year for at least ten years, with first production expected in late 2023 or early 2024. The sandhill dunnart at Deep Yellow’s Mulga Rock site have recently received formal approval, bringing start-up for the proposed mine a step closer.

Both the flagship mines are anticipated to initiate and to reach output target during the targeted period. Extra production and higher prices are expected to eventually double Australia’s uranium export values, with earnings reaching around $1.2 billion in real terms by 2027–28. Uranium exploration has risen steadily, following the lift in prices. Uranium miners spent $12 million on exploration in the December quarter 2022, which compares to $3 million spent in the December quarter in 2021.

Uranium price outlook

Australia’s uranium exports

Revisions to the outlook

Forecasts for export earnings in 2026–27 have been revised up by $300 million from those in the March quarter 2022 edition of the REQ. The changes reflect an evolution in the price outlook, with less price pressure in the short-term.

Our core Research Team believes in the expected price rise of uranium in the near term, which would create a magnificent market opportunity through Australian uranium stocks.

Investors looking for the latest and most relevant sector updates should kindly register with us soon.

Reference: Data collection has been sourced from the Resources and Energy quarterly report, March 2023, published by the Australian government department of industry, science, and resources (www.industry.gov.au/req).

What are ASX Uranium stocks?

There are Australian companies listed on the Australian stock exchange that are called ASX uranium shares, where traders buy and sell these ASX shares. There are large- to mid-cap and small-level companies that actively participate in exploration and mining activities in Australia. Some good uranium companies that have ASX uranium shares are as follows:

What are some popular ASX uranium stocks?

The global concerns over climate change has been the major issues, nuclear power could soon emerge as a widely accepted form of clean energy. Here are the popular ASX-listed uranium stocks, as follows:

Paladin Energy Limited (ASX: PDN)

Paladin Energy Limited (ASX: PDN) has a market cap of $3.23 billion and a current market price of $1.085 (as of September 26, 2023).

Deep Yellow Limited (ASX: DYL)

Deep Yellow Limited (ASX: DYL) has a market cap of $970.74 million and a current market price of $1.28 (as of September 26, 2023)

Boss Energy Limited (ASX: BOE)

Boss Energy Limited (ASX: BOE) has a market cap of $1.68 billion and a current market price of $4.75 (as of September 26, 2023

How can I research ASX uranium stocks before investing?

Most of the countries actively pursuing de-carbonization are driving demand growth for nuclear energy. Recognized as a green source of energy in the EU, it is the second largest source of global clean energy, with almost zero carbon emissions. The global reactor fleet is set to grow significantly, and currently there are 436 operating reactors worldwide. 59 reactors are under construction in 15 countries.

Uranium demand has been on the rise, but there is a supply constraint. There should be an adequate supply, and the timing depends on uranium price signals and investor debt funding. The price is moving upwards in response to this pressure, but the longer it takes to start development of the early-stage mines, the more potential there is for an extended overshoot.

There are discounted uranium stocks available whose intrinsic value is higher than the current market price. It is always recommended that, before taking a decision, you always cross-check with the expert's opinion. Therefore, contact the most prominent Australian equity firm.

To stay ahead in the stock market and capitalise on key opportunities, access our free report on our TOP 3 ASX URANIUM STOCKS TO BUY which we think might perform well, click on the “get your free report” button to access your free report.

Our core research team has identified the three uranium stocks that are expected to move up in a couple of days. Therefore, investors should adopt a ‘’buy right and sit policy’’ by registering immediately with the above link. To experience this better, ride with us.

Disclaimer

Veye Pty Ltd only provides general, and not personalised financial advice, and has not taken your personal circumstances into account. Veye Pty Ltd operates under AFSL 523157. For more information please see our Financial Services Guide. Please remember that investments can go up and down. Any past performance shown is not an indication of Future Returns. Commission and other costs charged by executing broker are not considered when calculating past performance. We request our readers not to interpret our reports as direct recommendations. Veye Pty Ltd does not guarantee the performance of, or returns on any investment.