Uranium prices have surged over the past year, and the Sprott Junior Uranium Miners ETF ( NASDAQ:URNJ ) is an aggressive way to invest in this theme, which could still have plenty of upside ahead.
I’m bullish on URNJ based on the strong potential for higher uranium demand over the long term, its portfolio of small-cap uranium mining stocks (which stand to benefit handsomely from this increased demand), and its attractive dividend yield. Plus, sell-side analysts see significant potential upside for this $413.3 million ETF. What Is the URNJ ETF’s Strategy?
According to Sprott ETFs, URNJ invests in an index that is “designed to track the performance of mid-, small- and micro-cap companies in uranium-mining related businesses.”
Sprott explains that this is the only pure-play ETF focused on smaller uranium miners, and it selects these uranium mining stocks for their “significant revenue and asset growth.”It’s worth noting that this is […]
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