Q: What is your outlook for uranium as we head into 2025 and If you had to choose, what are you top 5 uranium stock picks in the small to mid cap space until the end of the year and a brief why for each. Thank you.
5i Research Answer:
We think uranium continues to have a strong outlook going forward. The demand case is clear and the lagging supply makes the sector attractive from an investment standpoint. One of the world's current largest producers recently cut its production targets for 2025 due to operational issues which caused the sector to jump last week. We can see the commodity price continue to rise in 2025. Our favourite plays here are: NXE, CCO, and CEG. DML and PDN (Au) would round out the list.