3 Uranium Stocks That Could Be Multibaggers in the Making: July 2024 Edition

These uranium stocks have the potential for multibagger returns.

Cameco ( CCJ ): CCJ is a large uranium producer diversifying along the nuclear supply chain.

Energy Fuels ( UUUU ): Energy Fuels is a U.S. producer of uranium and rare earth elements with production expansion plans.

Denison Mines ( DNN ): This Canadian uranium exploration company has promising low-cost production potential. Source: RHJPhtotos / Shutterstock I feel that each investor should carefully consider these uranium multibagger stocks as potential investments for their portfolio.As InvestorPlace reported previously, the current move towards cleaner forms of energy is making nuclear power one of the most sought-after energy sources. Due to the unstable oil prices and the termination of thermal coal burning, nuclear energy is gaining importance. Such countries as China, India and Russia are already at the forefront of this race, having numerous nuclear reactors under construction and even more planned.This supply-side […]

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