Investment Q&A

• Global X Copper Miners ETF (COPX $84.68)
  • $84.68 P/E (TTM): 34.02X Cap: $7.09B
  • View COPX Profile
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• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN
• Global X Uranium ETF (URA $52.16)
  • $52.16 P/E (TTM): 81.07X Cap: $7.21B
  • View URA Profile
  • View Questions on URA
• Sprott Physical Copper Trust (COP.UN $16.01)
  • $16.01 Cap: $174M
  • View COP.UN Profile
  • View Questions on COP.UN

Q: Dear 5i
I`m interested in investing in the copper and uranium theme via ETFs .
What ETF would you recommend for CDN and US . Would your recommendations differ for different accounts such as unregistered . RRSP or TFSA .
Thanks
Bill C

Upvote 2

Read Answer Asked by Bill on February 04, 2026

• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN

Q: I've seen conflicting MER numbers depending where I look. From 0% to .71%. Can you tell me what the correct MER costs are for U,UN?

Thanks,

Mike

Upvote 3

Read Answer Asked by Michael on January 02, 2026

• Global X Uranium Index ETF (HURA $61.34)
  • $61.34 P/E (TTM): 66.33X Cap: $204M
  • View HURA Profile
  • View Questions on HURA
• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN

Q: Early September I asked a question about these two companies.
Hura has shown big increases in price while u.un
has gone nowhere
If you were to buy now would you buy Hura after this big run up ? Would you buy u.un also?
In your previous answer, you suggested buying both
Always
Thank you

Upvote 4

Read Answer Asked by Indra on October 10, 2025

• Global X Uranium Index ETF (HURA $61.34)
  • $61.34 P/E (TTM): 66.33X Cap: $204M
  • View HURA Profile
  • View Questions on HURA
• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN

Q: Would you buy HURA or U.Un ca considering present Valuation and future potential upside
Or is it too late and the run up has already occurred?
Can you suggest an entry point for both?
Many thanks

Upvote 3

Read Answer Asked by Indra on September 03, 2025

• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN

Q: Hi, ‘Physical Uranium’ , not something you buy on the street….Where does Sprott get and hold its uranium ?

Upvote 2

Read Answer Asked by Denise on July 17, 2025

• NexGen Energy Ltd. (NXE $15.04)
  • $15.04 Cap: $9.94B
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• Cameco Corporation (CCO $155.18)
  • $155.18 P/E (TTM): 123.68X Cap: $67.56B
  • View CCO Profile
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• Denison Mines Corp. (DML $5.05)
  • $5.05 Cap: $4.53B
  • View DML Profile
  • View Questions on DML
• BWX Technologies Inc. (BWXT $197.19)
  • $197.19 P/E (TTM): 56.28X Cap: $18.02B
  • View BWXT Profile
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• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN
• Constellation Energy Corporation (CEG $261.42)
  • $261.42 P/E (TTM): 28.3X Cap: $94.72B
  • View CEG Profile
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• Global X Uranium ETF (URA $52.16)
  • $52.16 P/E (TTM): 81.07X Cap: $7.21B
  • View URA Profile
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• NuScale Power Corporation Class A (SMR $17.53)
  • $17.53 Cap: $5.30B
  • View SMR Profile
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• Sprott Uranium Miners ETF (URNM $68.60)
  • $68.60 P/E (TTM): 68.99X Cap: $2.32B
  • View URNM Profile
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• Oklo Inc. Class A (OKLO $71.10)
  • $71.10 Cap: $11.10B
  • View OKLO Profile
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Q: Nuclear/ Uranium

There is a trend where more energy is going to be needed for AI and nuclear appears to be a good energy source. In the past you have suggested ETF,s NLR and URA as well as stocks CCO and NXE. Do you still have the same opinion and what stocks/ETF would you recommend as an entry point.

Wayne

Upvote 3

Read Answer Asked by Wayne on June 10, 2025

• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN

Q: Hi 5i Team,

Uranium stocks and the underlying price of uranium seems to have potentially bottomed. What you be a buyer of uranium stocks at this time or do you think it would be better to hold off and wait for a position?

Thanks as always,
Jon

Upvote 4

Read Answer Asked by Jonathan on April 30, 2025

• NexGen Energy Ltd. (NXE $15.04)
  • $15.04 Cap: $9.94B
  • View NXE Profile
  • View Questions on NXE
• Cameco Corporation (CCJ $113.63)
  • $113.63 P/E (TTM): 123.68X Cap: $49.36B
  • View CCJ Profile
  • View Questions on CCJ
• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN
• Sprott Uranium Miners ETF (URNM $68.60)
  • $68.60 P/E (TTM): 68.99X Cap: $2.32B
  • View URNM Profile
  • View Questions on URNM

Q: Can you rank these 4 in terms of upside over the next decade? Do you prefer the stocks, ETF's or the actual metal? Also, do you recommend any other that's not in this list?
Thanks

Upvote 3

Read Answer Asked by Rob on April 10, 2025

• NexGen Energy Ltd. (NXE $15.04)
  • $15.04 Cap: $9.94B
  • View NXE Profile
  • View Questions on NXE
• Cameco Corporation (CCJ $113.63)
  • $113.63 P/E (TTM): 123.68X Cap: $49.36B
  • View CCJ Profile
  • View Questions on CCJ
• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN
• Sprott Uranium Miners ETF (URNM $68.60)
  • $68.60 P/E (TTM): 68.99X Cap: $2.32B
  • View URNM Profile
  • View Questions on URNM

Q: Hi
If I am bullish on the nuclear energy sector, what investments should I consider and why?
thanks

Upvote 9

Read Answer Asked by Mark on December 05, 2024

• NexGen Energy Ltd. (NXE $15.04)
  • $15.04 Cap: $9.94B
  • View NXE Profile
  • View Questions on NXE
• Cameco Corporation (CCO $155.18)
  • $155.18 P/E (TTM): 123.68X Cap: $67.56B
  • View CCO Profile
  • View Questions on CCO
• Denison Mines Corp. (DML $5.05)
  • $5.05 Cap: $4.53B
  • View DML Profile
  • View Questions on DML
• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN
• Sprott Uranium Miners ETF (URNM $68.60)
  • $68.60 P/E (TTM): 68.99X Cap: $2.32B
  • View URNM Profile
  • View Questions on URNM

Q: What do you think of the long-term price of uranium? If positive, how best could one invest? mineral etf or company etf?
Which one specifically for a 10 year hold in retirement acct?

Upvote 5

Read Answer Asked by Tim on March 14, 2024

• NextEra Energy Inc. (NEE $89.47)
  • $89.47 P/E (TTM): 28.41X Cap: $186.33B
  • View NEE Profile
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• Enbridge Inc. (ENB $68.74)
  • $68.74 P/E (TTM): 26.44X Cap: $149.94B
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  • View Reports on ENB
• TC Energy Corporation (TRP $81.70)
  • $81.70 P/E (TTM): 25.15X Cap: $85.04B
  • View TRP Profile
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• Pembina Pipeline Corporation (PPL $58.26)
  • $58.26 P/E (TTM): 20.33X Cap: $33.85B
  • View PPL Profile
  • View Questions on PPL
• Cameco Corporation (CCO $155.18)
  • $155.18 P/E (TTM): 123.68X Cap: $67.56B
  • View CCO Profile
  • View Questions on CCO
• First Quantum Minerals Ltd. (FM $37.36)
  • $37.36 P/E (TTM): 511.43X Cap: $29.68B
  • View FM Profile
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• Brookfield Infrastructure Partners L.P. (BIP.UN $51.94)
  • $51.94 P/E (TTM): 56.15X Cap: $23.95B
  • View BIP.UN Profile
  • View Questions on BIP.UN
• iShares Silver Trust (SLV $70.19)
  • $70.19 Cap: $38.63B
  • View SLV Profile
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• ChargePoint Holdings Inc. (CHPT $6.09)
  • $6.09 Cap: $144M
  • View CHPT Profile
  • View Questions on CHPT
• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN

Q: Good Day. Could you please classify the listed stocks into their appropriate GICS sectors? Thank you kindly.
BIP.UN;CA
ENB:CA
PPL:CA
TRP:CA
CHPT:US
NEE:US
CCO:CA
FM:CA
U.UN:CA
SLV:US
IGE: iShares North American Natural Resources ETF.

Upvote 1

Read Answer Asked by Toge on January 30, 2024

• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN

Q: U.UN has had a pretty good climb in the last 3 months and has an 83% increase over the last year. Do you see this continuing and is it a good time to add to my small position?

Upvote 2

Read Answer Asked by Rob on January 12, 2024

• Cameco Corporation (CCJ $113.63)
  • $113.63 P/E (TTM): 123.68X Cap: $49.36B
  • View CCJ Profile
  • View Questions on CCJ
• Global X Uranium Index ETF (HURA $61.34)
  • $61.34 P/E (TTM): 66.33X Cap: $204M
  • View HURA Profile
  • View Questions on HURA
• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN
• Global X Uranium ETF (URA $52.16)
  • $52.16 P/E (TTM): 81.07X Cap: $7.21B
  • View URA Profile
  • View Questions on URA

Q: I'm trying to understand why HURA has outperformed URA by almost 20% this year. Holdings like Cameco and the Sprott Physical Uranium Trust Fund that have moved alot seem to have relatively similar weightings in both funds. NAK Kazatomprom AO - GDR hasn't had as strong returns YTD and is actually overweighted in HURA vs. URA. I don't think the USD-CAD has had any major impacts on the returns this year. What am I missing?

Also I think Cameco has had exceptional returns in 2023 far outpacing the ETF, do you think the others will catch up over time?

Upvote 3

Read Answer Asked by Husseinali on December 11, 2023

• Veren Inc. (VRN $9.14)
  • $9.14 P/E (TTM): 19.56X Cap: $5.63B
  • View VRN Profile
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• Whitecap Resources Inc. (WCP $12.60)
  • $12.60 P/E (TTM): 10.5X Cap: $15.29B
  • View WCP Profile
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• Sprott Physical Gold Trust Unit (PHYS $37.31)
  • $37.31 P/E (TTM): 24.9X Cap: $15.01B
  • View PHYS Profile
  • View Questions on PHYS
• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN

Q: Since early 2023, I de-risked my general asset allocation to 30% equity. 30% ultra-short-term corp bonds, 30% MMF. The rest is mostly physical gold (PHYS), with a tiny bit of silver exposure. I am wondering about starting a small position in oil such as CPG or WCP. My other interest is also Sprott Physical Uranium as I have a tiny position in CCO which also did well. Any thoughts on which one is a better story, Uranium or oil?

Upvote 0

Read Answer Asked by Ford on November 02, 2023

• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN

Q: Good long term hold ?

Or good time to take profits?

General outlook on uranium market as we approach year end

Upvote 0

Read Answer Asked by john on September 18, 2023

• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN
• Sprott Uranium Miners ETF (URNM $68.60)
  • $68.60 P/E (TTM): 68.99X Cap: $2.32B
  • View URNM Profile
  • View Questions on URNM

Q: Can you give me your assessment on U.UN? Is this a good time to get in? Would you recommend another name in this space?
Thanks

Upvote 0

Read Answer Asked by Rob on June 13, 2023

• Cameco Corporation (CCO $155.18)
  • $155.18 P/E (TTM): 123.68X Cap: $67.56B
  • View CCO Profile
  • View Questions on CCO
• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN
• First Uranium Resources Ltd Com (URNM)
  • Cap: $8M
  • View URNM Profile
  • View Questions on URNM
• Global X Uranium ETF (URA $52.16)
  • $52.16 P/E (TTM): 81.07X Cap: $7.21B
  • View URA Profile
  • View Questions on URA

Q: For exposure to expected growth in demand for nuclear power globally, would exposure to the etf for physical uranium be the smarter play, or best to go with a leading uranium producer such as Cameco? Or, other suggestion welcome.

Thank you

Upvote 0

Read Answer Asked by Tony on November 09, 2022

• Cameco Corporation (CCO $155.18)
  • $155.18 P/E (TTM): 123.68X Cap: $67.56B
  • View CCO Profile
  • View Questions on CCO
• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN

Q: Hi - do you have an opinion on investing in the Uranium market with the potential globally for increased nuclear power generation? If a positive view, do you prefer owning CCO or Sprott for exposure...and is it worthwhile to start building a position now? Thanks as always.

Upvote 0

Read Answer Asked by Doug on October 19, 2022

• Cameco Corporation (CCO $155.18)
  • $155.18 P/E (TTM): 123.68X Cap: $67.56B
  • View CCO Profile
  • View Questions on CCO
• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN

Q: I am considering uranium exposure as a long-term part of my portfolio. What do you consider to be the advantages between a position in the commodity itself (for e.g. through U.UN) versus an equity like CCO? In the equity space, would you suggest a basket of uranium miners, or simply go with CCO?

Upvote 0

Read Answer Asked by Tom on April 21, 2022

• Cameco Corporation (CCO $155.18)
  • $155.18 P/E (TTM): 123.68X Cap: $67.56B
  • View CCO Profile
  • View Questions on CCO
• Sprott Physical Uranium Trust (U.UN $28.16)
  • $28.16 P/E (TTM): 2.53X Cap: $6.50B
  • View U.UN Profile
  • View Questions on U.UN

Q: I would appreciate your opinion whether CCO or U.UN would be better investment at this time. I guess I'm wondering if there are any weaknesses they might have or if there might be catalysts that might support one over the other.

Upvote 0

Read Answer Asked by Les on November 22, 2021